Rolls-Royce names former Deloitte partner Kakoullis as CFO

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Mon, 2021-02-15 07:41

LONDON: Britain’s Rolls-Royce named Panos Kakoullis as its new chief financial officer, picking the former head of Deloitte’s audit and assurance practice to help steer its cost-cutting and simplification as it tries to ride out COVID-19.
The pandemic has shattered Rolls-Royce’s finances because it is paid by airlines on a flying-hours basis, and the company warned in January that the start of this year was even more difficult than expected.
The aero-engines maker said Kakoullis would start on May 3.

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