Rolls-Royce, the global power systems company, announced today that Ian Davis will succeed Sir Simon Robertson as Chairman. He will join the Board as a non-executive Director on 1 March 2013 and take over from Sir Simon at the conclusion of the Annual General Meeting on 2 May 2013.

Ian Davis spent more than thirty years with McKinsey & Company, including six as Chairman and Worldwide Managing Director. He serves, as a non-executive Director, on the Boards of BP and Johnson & Johnson and is a non-executive member of the Cabinet Office Board.

Sir Simon Robertson said: “It has been a privilege and pleasure to lead Rolls-Royce through eight years of continuous growth. This is an exceptional company with exceptional prospects. I would like to welcome Ian onto the Board. I am pleased to know I shall be succeeded by a man of his stature and international experience. I would like to thank my fellow Board members, the management and the wider Rolls-Royce team for their commitment and support.”

Ian Davis said, “I am looking forward greatly to joining Rolls-Royce. Sir Simon has led the Board with distinction during the past eight years. I am extremely excited by the prospect of building on the firm foundations that have been laid”.

There are no details to disclose under paragraph 9.6.13 (2) to (6) of the Listing Rules in relation to Ian Davis. On appointment as non-executive Director, Ian Davis will also join the nominations committee. He currently holds no shares in Rolls-Royce Holdings plc.