PRESS RELEASE Corporate

Supervisory Board of Rolls-Royce Power Systems takes early decision to re-appoint Dr Thelse Godewerth as Labor Director and Member of the Board

Posted on February 16, 2024

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The Rolls-Royce Group and its Power Systems division are entering the next phase of their transformation – a process spanning several years that will future-proof the business. With its renowned mtu brand and strong competitive edge, Power Systems is excellently placed to
drive its transformation and deeper integration into the Rolls-Royce Group. Against this background, the Supervisory Board places a high premium on the continuity and stability of the Management Board and therefore took an early decision on 16 February 2024 to extend the contract of Board Member Dr Thelse Godewerth up to 31 January 2028.

“Over the past few years, Thelse Godewerth has used her expertise and leadership qualities to drive transformation and cultural change in the Rolls-Royce Group and its Power Systems division with
decisiveness and in a way that shows results,” said Jasmin Staiblin, Chairwoman of the Supervisory Board of Rolls-Royce Power Systems AG. “In these times of constant change, we wish to be able to count on Thelse Godewerth’s presence on the Board as a strong and experienced leader and are very happy to continue our highly successful and trust-based collaboration with her.”

Thomas Bittelmeyer, Deputy Chairman of the Supervisory Board of Rolls-Royce Power Systems AG, said: “Employee representatives on the Supervisory Board welcome the re-appointment of Thelse
Godewerth and the opportunity to continue what has been a solid and constructive working relationship. We’re looking ahead positively to the forthcoming tasks.”

“I would like to thank the Supervisory Board for the trust they have placed in me. It is a pleasure and an honor for me to continue shaping this important and eventful chapter in our company's history. I look forward to continuing my work with fellow board members and social partners, and to supporting the entire workforce and the Rolls-Royce team on their onward journey,” said Thelse Godewerth.   

About Rolls-Royce Holdings plc

  1. Rolls-Royce develops and delivers complex power and propulsion solutions for safety-critical applications in the air, at sea and on land. Our products and service packages enable our customers to connect people, societies, cultures and economies together; they meet the growing need for power generation across multiple industries; and enable governments to equip their armed forces with the power to protect.
  2. Rolls-Royce has a presence in 48 countries and customers in more than 150, comprising over 250 commercial large aero engine customers, 160 armed forces and navies and approximately 40,000 active Power Systems customers. We are committed to becoming a net zero company by 2050 and we support our customers to do the same.
  3. Annual underlying revenue was £15.4bn in 2023, underlying operating profit was £1.6bn and free cash flow £1.3bn.  
  4. Rolls-Royce Holdings plc is publicly traded company (LSE: RR., ADR: RYCEY, LEI: 213800EC7997ZBLZJH69).
  5. Rolls-Royce Power Systems is headquartered in Friedrichshafen in southern Germany and employs more than 10,500 people. The product portfolio includes mtu-brand high-speed engines and propulsion systems for ships, heavy land, rail and defence vehicles and for the oil and gas industry. The portfolio also includes diesel and gas systems and battery containers for mission critical, standby and continuous power, combined generation of heat and power, and microgrids. With its climate friendly technologies, Rolls-Royce Power Systems is helping to drive the energy transition.
  6. Rolls-Royce Power Systems is headquartered in Friedrichshafen in southern Germany and employs more than 10,500 people. The product portfolio includes mtu-brand high-speed engines and propulsion systems for ships, heavy land, rail and defence vehicles and for the oil and gas industry. The portfolio also includes diesel and gas systems and battery containers for mission critical, standby and continuous power, combined generation of heat and power, and microgrids. With its climate friendly technologies, Rolls-Royce Power Systems is helping to drive the energy transition.

www.rolls-royce.com

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