Panos Kakoullis’s appointment as the company’s finance chief will be announced early this week

Rolls-Royce Holdings, the FTSE-100 engineering group, will this week name a former Deloitte partner as its next finance chief as it tries to navigate through the headwinds of the COVID-19 crisis.

Last year, the company raised £5bn in debt and equity, and announced plans to cut 9000 jobs, many of which are in the UK.

The company has drawn up plans to generate around £2bn from disposals, including the sale of its nuclear instrumentation business and the recently announced sale of Bergen, which makes marine engines.

Read more at: Sky News

By Mark Kleinman

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