Non-exec linked with bribery scandal steps down at Rolls-Royce

Derby-based Rolls-Royce has parted company with a non-executive director who was sacked by mining group Rio Tinto following a bribery scandal.

The manufacturing giant says Alan Davies has resigned from his role with immediate effect.

Davies was suspended from Rio Tinto earlier this month after the firm contacted authorities about an investigation into $10.5m worth of payments made to a consultant involved in a mining project in Guinea.

Rio terminated Davies’s contract, saying his behaviour had “failed to maintain the standards expected of them under our global code of conduct”.

Davies joined the Rolls-Royce board on 1 November 2015 and was a member of the Nominations and Governance Committee, the Audit Committee and the Safety and Ethics Committee. The chairman of Rolls-Royce Ian Davis said: “I am hugely grateful to Alan for the contribution he has made to the Board. His expertise and perspectives will be greatly missed. He has been a highly valued colleague and Board member.”