Tufan Erginbilgiç

Rolls-Royce Holdings plc is a British multinational aerospace and defence company incorporated in February 2011.¹

About

Rolls-Royce Holdings plc is a British multinational aerospace and defence company incorporated in February 2011. The company owns Rolls-Royce, a business established in 1904 which today designs, manufactures and distributes power systems for aviation and other industries. Rolls-Royce is one of the world's largest manufacturers of aircraft engines and has major businesses in the marine propulsion and energy sectors.

Rolls-Royce was the world's 16th largest defence contractor in 2018 when measured by defence revenues. The company is also the world's fourth largest commercial aircraft engine manufacturer, with a 12% market share as of 2020.

Rolls-Royce Holdings plc is listed on the London Stock Exchange, where it is a constituent of the FTSE 100 Index. At the close of London trading on 11 February 2025, the company had a market capitalisation of £52.66bn, the 11th-largest of any company with a primary listing on the London Stock Exchange.

The company's registered office is at Kings Place, near Kings Cross in London.

From Wikipedia’s article on Tufan Erginbilgiç, shared under CC BY-SA 4.0.²

Companies

Rolls-RoyceChief executive officer Jan 2023 to now⁸

Career

Occupation: executive.⁵

Since 2023Chief executive, Rolls-Royce⁴
Date not recordedWorked at Rolls-Royce³

List of former chief executives

John Rishton (2011–2015)

Warren East (2013–2022)

Energy gas turbine and compressor business

In May 2014, Rolls-Royce sold its energy gas turbine and compressor business to Siemens for £785 million.

Commercial marine business

In July 2018, Rolls-Royce sold its commercial marine business to Kongsberg for £500 million.

Nuclear services businesses

In September 2019, Rolls-Royce agreed to sell its civil nuclear services businesses in the U.S., Canada, Mondragon France, and Gateshead UK to the Westinghouse Electric Company for an undisclosed sum. These businesses had a revenue of $70 million and about 500 employees in 2018. Rolls-Royce is keeping its nuclear new build and small modular reactor (SMR) business in the UK. In November 2020, the company announced plans to build up to 16 Rolls-Royce SMR nuclear plants across the UK, continuing its nuclear division operations. In December 2020 Rolls-Royce announced it would sell other foreign parts of its civil nuclear instrumentation and control business to Framatome as part of its post-COVID recovery plan, completing the deal involving over 550 employees in November 2021.

From Wikipedia’s article on Tufan Erginbilgiç (this version), CC BY-SA 4.0.

Personal life

CitizenshipTurkey⁶

Legal issues and controversies

Rolls-Royce has been accused numerous times of corrupt practices and bribery.

In 2014, facing allegations of bribery in the aftermath of the Sudhir Choudhrie affair, Rolls-Royce offered to return money to the Indian government. The Serious Fraud Office (SFO) also investigated allegations of bribery in Indonesia and China.

In February 2015 Rolls-Royce was accused of bribing an employee of Brazil's state-controlled oil company to win a $100 million contract to provide gas turbines for oil platforms.

In October 2016 a joint Guardian and BBC investigation alleged widespread corruption by Rolls-Royce through middlemen in foreign countries including Brazil, India, China, Indonesia, South Africa, Angola, Iraq, Iran, Kazakhstan, Azerbaijan, Nigeria and Saudi Arabia. Rolls-Royce became subject to a major SFO investigation.

Alleged defects

In 2013 media reported allegations from two American ex-employees that thousands of the company's new jet engines were assembled with used parts.

Settlement with SFO

In January 2017 Rolls-Royce came to an agreement with the SFO to pay £671 million under a deferred prosecution agreement to avoid prosecution for bribery to obtain export contracts. As part of this agreement, a $170 million fine was paid to US authorities to end a bribery investigation, and $25 million to the Brazilian authorities.

Subsequent to the settlement, Private Eye reported that some of Rolls-Royce's contracts under the scope of the SFO investigation had been supported by the British government's UK Export Finance department, using taxpayers' money. The government department underwrote multimillion-pound liabilities under Rolls-Royce contracts secured with the help of bribes and "facilitation" commissions. It has also been highlighted in the press that Rolls-Royce's auditor since 1995, KPMG, had failed to identify any corrupt practices throughout the 1990s and 2000s. This is notable considering judge Brian Leveson's statement that Rolls-Royce's offending was "multi-jurisdictional, numerous", "persistent and spanned from 1989 until 2013", and it "involved substantial funds being made available to fund bribe payments".