Rolls-Royce Power Systems extends Dr Andreas Strecker's contract as Chief Financial Officer ahead of schedule
Posted on January 27, 2025
Dr Andreas Strecker will continue to be responsible for finance, IT and procurement at Rolls-Royce's Power Systems division, with its mtu brand. The Supervisory Board has now extended Andreas Strecker's contract ahead of schedule until 29 February 2028. Andreas Strecker will also remain Managing Director of the largest subsidiary Rolls-Royce Solutions GmbH.
Jasmin Staiblin, Chairwoman of the Supervisory Board said: “The financial success of Rolls-Royce Power Systems is also the result of strict cost management and commercial optimisation, which Andreas Strecker has stood for since taking office in December 2022. Andreas Strecker is a leader with a wealth of global experience. He ensures that our finance department and all the functions for which he is responsible are set up professionally. In doing so, he is creating the basis and prerequisites for driving forward the transformation of our division. We look forward to continuing our successful and trusting collaboration with Andreas Strecker.”
Thomas Bittelmeyer, Deputy Chairman of the Supervisory Board, said: “As employee representatives on the Supervisory Board we supported the extension of Andreas Strecker's contract. With his experience and expertise, he has contributed to the stability of the company and, above all, he understands the decisive contribution that employees make to the company's economic success.”
Andreas Strecker said: “Together, we have achieved very good results in the Power Systems division. I would like to continue this. That is why I am very much looking forward to continuing my successful collaboration on the Executive Board with Dr Jörg Stratmann and Dr Thelse Godewerth and with the entire team. The trust placed in me by the Supervisory Board of Rolls-Royce Power Systems is not only a reason for thanks, but also an incentive to continue on the transformation course we have embarked on.”
About Rolls-Royce Holdings plc
- Rolls-Royce is a force for progress; powering, protecting and connecting people everywhere. Our products and service packages help our customers meet the growing need for power across multiple industries; enable governments to equip their armed forces with the power required to protect their citizens; and connect people, societies, cultures and economies together.
- Rolls-Royce has a local presence in 48 countries and customers in over a hundred more, including airlines and aircraft leasing companies, armed forces and navies, and marine and industrial customers.
- Through our multi-year transformation programme, we are building a high-performing, competitive, resilient and growing Rolls-Royce. We are building the financial capacity and agility to allow us to successfully develop and deliver the products that will support our customers through the energy transition.
- Annual underlying revenue was £17.8 billion in 2024, and underlying operating profit was £2.46 billion.
- Rolls-Royce Holdings plc is a 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 10,350 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.
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