Rolls-Royce COO eliminates his own position in cost cutting drive

Simon Kirby

A top Rolls-Royce executive is set to leave the company just 19 months into the role, after eliminating his own position during a cost cutting drive, it has been reported.

It might sound unlikely -or a late April fool spoof – but the Daily Telegraph says that it has seen an internal memo from Rolls-Royce CEO Warren East, outlining that Simon Kirby, Chief Operating Officer at the Derby manufacturing giant, is to leave the company in June 2018.

The memo, according to the Telegraph, acknowledged Kirby’s part in reducing management layers, with East saying it was a “sign of [Mr Kirby’s] professionalism and integrity that he played a key role in an initiative that has resulted in his own role being eliminated”.

Rolls-Royce snapped up Kirby from HS2, less than two years ago,where he was the UK’s best-paid civil servant. He was brought in to shake up the manufacturer after a series of profit warnings.

The move is the latest cost-cutting measure by Rolls-Royce which has seen it recently sell its fuel injectors unit L’Orange for £615m. The firm has also had to address problems recently with Trent 1000 engines on Boeing 787 Dreamliner planes, which are used in Boeing’s Dreamliner 787, racking up an estimated £1bn in costs for the firm.