Daily Mail finance boss joins Rolls-Royce
A finance chief who has extensive experience in the newspaper world has been appointed as the new chief financial officer at Derby-headquartered Rolls-Royce.
Stephen Daintith will leave Daily Mail & General Trust to take over from David Smith who is leaving Rolls-Royce after three years.
Previously Daintith was employed by News International as CFO and chief operations officer of Dow Jones & Co. His earlier career was spent working internationally in a number of senior positions at British American Tobacco, also at Forte, the Civil Aviation Authority and PwC.
He said said: “I am extremely excited to be joining one of the world’s great engineering companies. Rolls-Royce has built powerful positions in expanding global markets and has outstanding prospects for long-term growth. I am looking forward to playing my part in ensuring the growth which lies ahead is increasingly profitable and cash generative. Warren is driving a transformation programme that I entirely support. I am proud and pleased to be joining him on the Board to deliver the next stage of this business critical process.”
Warren East, Rolls-Royce, chief executive, said: “I am delighted to welcome Stephen to Rolls-Royce as chief financial officer and as a Board colleague. His deep understanding of international business and his record of achievement in change management are particularly relevant to Rolls-Royce as we build our business and respond to the growing global requirement for our technology.
“I would like to thank David Smith for his valuable support over the past three years. David has made an important contribution to restoring confidence in the business, improving financial systems and delivering the early stages of our transformation. I and the rest of the Rolls-Royce team wish him every success in the future.”
