Rolls-Royce Power Systems CEO stepping down
12 April 2022
Company praises Schell for successfully repositioning power business
Andreas Schell (Image: Rolls-Royce)
Rolls-Royce Power Systems AG supervisory board and acting CEO Andreas Schell agreed on the termination of the CEO’s contract until the end of 2022.
Following five years at the helm of the company, Schell will pursue a new challenge. He has been CEO of Rolls-Royce Power Systems AG as well as managing director of Rolls-Royce Solutions GmbH (formerly MTU Friedrichshafen GmbH) since January 2017. Rolls-Royce Power Systems AG’s supervisory board as well as the Board of Management of the parent company, UK technology group Rolls-Royce plc have initiated the search for a successor. Schell will continue to be acting CEO and head of Rolls-Royce’s business unit Power Systems by the year-end.
“Andreas has successfully repositioned our Power Systems business from an engine manufacturer to a provider of sustainable power solutions and set it upon a firm path to capture the commercial opportunity presented by the energy transition,” said Warren East, CEO Rolls-Royce. He has strengthened the leadership team in the business and together they have secured the highest order book in the organization’s history. I would like to thank him for his hard work and perseverance over the past five years and also his commitment to leading the business while we work towards a smooth leadership transition.”
Schell said that in the past five years, together with a formidable leadership team, he was able to shape the company’s new strategy.
“The successful organizational realignment and our Net Zero program introduced in 2021, we have managed to secure key milestones for Power Systems’ future. It remains my priority to continue to pursue the further economic and sustainable development of our company. Power Systems contributes substantially to the decarbonization of the propulsion and power supply,” Schell said. “The order books are full, providing the best foundation for the further transformation of the running business.“
In the fiscal year 2021, Rolls-Royce Power Systems again confirmed growth in turnover and sales, continuing the company’s growth trajectory.
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