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 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.
- 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.
- Annual underlying revenue was £15.4bn in 2023, underlying operating profit was £1.6bn and free cash flow £1.3bn.
- Rolls-Royce Holdings plc is publicly traded company (LSE: RR., ADR: RYCEY, LEI: 213800EC7997ZBLZJH69).
- 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.
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