Rolls-Royce selects Daily Mail’s Daintith as CFO

Rolls-Royce Holdings PLC (RR.LN) announced Thursday that it has appointed Daily Mail & General Trust PLC’s (DMGT.LN) Chief Financial Officer Stephen Daintith to replace CFO David Smith. Smith is leaving the British aircraft engine maker after three years to pursue other business interests.

Rolls-Royce said Daintith will join the company in 2017, and Smith will remain in his role into the new year to ensure an effective transition.

Rolls-Royce Chief Executive Warren East 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”.

Separately Daily Mail confirmed that Daintith had resigned to go to Rolls-Royce, and said it has started a search for his replacement.

Source: MarketWatch