Try GOLD - Free
Rolls-Royce CEO's Bold Revamp Pays Off
Mint New Delhi
|February 28, 2025
The luxury car maker's shares surged 17% to record levels, as its 2024 results surpassed street expectations
In his two years as chief executive officer of Rolls-Royce Holdings Plc, Tufan Erginbilgic has turned the company he once derided as a "burning platform" into a case study for reviving a moribund industrial icon. The former oil-company executive slashed jobs, sold off underperforming assets and pulled back on efforts with questionable profit potential.
The result is a nearly eightfold rise in shares of the aerospace engine supplier, the biggest gain by far among members of the FTSE 100 Index of blue-chip UK companies.
There's more to come, the CEO said Thursday. "We have made good progress but we are not done yet," Erginbilgic, 65, told reporters on a call after raising its profit outlook, reinstating a dividend and launching a £1 billion ($1.27 billion) stock buyback. "We are taking Rolls-Royce to a place it has never been before."
This story is from the February 28, 2025 edition of Mint New Delhi.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint New Delhi
Mint New Delhi
Tech solutions exist to mitigate KYC data leakage risks
Today, more than half of all data breach incidents target personally identifiable information—tax identities, passport numbers, biometric data and the like.
3 mins
January 07, 2026
Mint New Delhi
Maduro’s capture threatens China's ambitions in Latin America
Beijing has steadily built relationships over the past two decades in Washington's backyard
4 mins
January 07, 2026
Mint New Delhi
Wall Street investors who stuck with Venezuela are poised for a payday
The ouster of Nicolas Maduro is rewarding investors who spent years betting on a Venezuela comeback.
4 mins
January 07, 2026
Mint New Delhi
TVs ward off smartphone threat with AI
Uber robotaxis are on their way in, in 2026—and other AI news this week
1 min
January 07, 2026
Mint New Delhi
Much can be done to relieve urban India of its toxic air
Air pollution in the National Capital Region (NCR) continues to dominate headlines this winter, highlighting the absence of any long-term strategy to deal with a deadly subject that is affecting millions of lives in and around India’s capital.
3 mins
January 07, 2026
Mint New Delhi
Modulus taps UBS for private credit biz
Modulus Alternatives Investment Managers hired a veteran banker from UBS Group AG to lead its private credit business, according to people familiar with the matter, as demand for talent in the sector heats up.
1 min
January 07, 2026
Mint New Delhi
NHAI asks DoT to fix mobile network gaps on highways
As India builds highways at a record pace, a critical digital gap is becoming harder to ignore.
1 min
January 07, 2026
Mint New Delhi
Hospitals are a proving ground for what AI can do, and what it can't
Amir Abboud, chief of emergency radiology for Northwestern Medicine, thought he was already working at maximum speed.
6 mins
January 07, 2026
Mint New Delhi
Mid-sized startups ditch unicorn chase, pursue IPOs earlier
According to one of the people cited above, these startups are likely to raise ₹400-600 crore through IPOs.
2 mins
January 07, 2026
Mint New Delhi
Gold price spike lifts Titan Q3 sales
Titan Company on Tuesday posted a 40% jump in overall sales for the December quarter, driven by a higher average selling price for its gold jewellery and festive demand.
1 min
January 07, 2026
Listen
Translate
Change font size