Rolls-Royce CEO Retiring Next Year

LONDON (AP) -- Sir John Rose is retiring as CEO of Rolls-Royce Group PLC next year after 15 years heading the aircraft engine maker.

Rolls-Royce announced Thursday that Rose will retire in March.

He will be succeeded by John Rishton, who is now chief executive of the Dutch retail group Royal Ahold. Rishton has been a director of Rolls-Royce since 2007, and he was chief financial officer of British Airways from 2002 to 2006.
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