Rolls-Royce Holdings will announce former Deloitte partner Panos Kakoullis as its next chief financial officer, with the appointment announced as early as Monday, Sky News reported Sunday.
Kakoullis ’future is expected to come at a challenging time for the company, after being hit hard by the COVID-19 crisis as the airline’s customers have set up planes.
In January an aero engine manufacturer lowered forecasts for how much their engines will fly this year as tighter coronavirus travel restrictions put new airlines in pain, saying this would resulting in a cash outflow of 2 billion pounds ($ 2.7 billion).
Rolls-Royce told Reuters it was not commenting on the report at this time.
The company has been looking for a new CFO since Stephen Daintith retired last August, although he has stayed at Rolls-Royce for the transition period before taking on the role of CFO at major- British online store and technology group Ocado.
Kakoullis was a partner of Deloitte UK for more than 20 years and the managing director of the global audit and certification industry for four years at accounting firm Big Four, his LinkedIn profile shows.
This story was published from a wire group group with no text changes.