• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 8 days The United States produced more crude oil than any nation, at any time.
  • 23 hours Could Someone Give Me Insights on the Future of Renewable Energy?
  • 9 hours How Far Have We Really Gotten With Alternative Energy
  • 4 hours Bankruptcy in the Industry
Oil Price Volatility Soars Amid Geopolitical Uncertainty

Oil Price Volatility Soars Amid Geopolitical Uncertainty

Oil price volatility has climbed…

Triple Junction Solar Cell Sets World Record Efficiency

Triple Junction Solar Cell Sets World Record Efficiency

NUS researchers have developed a…

Rolls-Royce Hires BP Exec As Finance Chief Amid Profitability Push

Engineering giant Rolls-Royce has appointed BP exec Helen McCabe as its new finance chief as part of a “transformation programme” which was launched by chief executive Tufan Erginbilgic back in February.

In a statement Rolls Royce Helen McCabe, currently senior vice president for finance in the customer and products division at BP,  will be joining the board of the firm as chief financial officer and take a seat on its board.

Current boss Panos Kakoullis is expected to remain in post until at least 31 August in order to deliver and report on the group’s first half results, the firm said.


Rolls Royce chief Tufan Erginbilgic said she has a “track record of promoting rigorous financial discipline” and her experience would be “invaluable as we move, at pace, to transform Rolls-Royce”. 

“I have experienced her abilities first-hand and her skillset will complement the existing capabilities of the executive team, contributing to Rolls-Royce delivering on its significant potential.” he added. “I would also like to extend my thanks to Panos for his dedication to Rolls-Royce and support to me since my arrival.”

Tufan Erginbilgic, who took the helm of Rolls-Royce in January, has called the company a “burning platform” and launched a transformation programme to improve the profitability of the maker of engines for Airbus A350 and Boeing 787 planes.

McCabe’s appointment came amid a wider shakeup, with Rob Watson takes on the role of president of civil aerospace with immediate effect, moving from Rolls-Royce’s electric aviation unit, and Adam Riddle becoming president of the defence business.


By CityAM

More Top Reads From Oilprice.com:

Join the discussion | Back to homepage

Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News