Rolls-Royce CEO Rose to Retire in March
Rose turned Rolls-Royce into the world's second-biggest aircraft engine maker, Bloomberg News said. John Rishton, who is currently CEO at retailer Royal Ahold NV, will replace Rose.
Under Rose's leadership, Rolls-Royce's order book grew to £58.3 billion ($92.56 billion) in 2009, from £10.4 billion in 1998, Sandy Morris, an analyst at Royal Bank of Scotland Plc, told Bloomberg News.
"It's been an extraordinary story," Morris said.