Rolls-Royce Holdings PLC has appointed Panos Kakoullis as its new Chief Financial Officer (CFO) and Executive Director, succeeding Stephen Daintith.
The London-listed engineering company said that Mr Kakoullis will take his post on May 3, and that Mr Daintith will leave the company on March 19, shortly after the release of the company’s 2020 results.
In the transition period, Deputy CFO, Ben Fidler, will be appointed interim CFO.
Mr Kakoullis has spent his career at Deloitte, which he joined as a graduate. He worked with a wide range of multinational corporations combining audit, advisory and transaction services and was, until May 2019, Global Head of Deloitte’s Audit and Assurance Practice. More recently, Mr Kakoullis joined PA Consulting.
“We are delighted to announce the appointment of Panos as Chief Financial Officer who will join us in May this year,” CEO of Rolls-Royce, Warren East, said in a media release.
“Panos delivered significant transformational change at Deloitte, streamlining and simplifying the business and we look forward to benefiting from his expertise and experience as we deliver on our fundamental reorganisation and secure a sustainable and prosperous future for Rolls-Royce.”
Mr Kakoullis said he was excited to be joining Rolls-Royce.
“I am very excited to be joining Rolls-Royce at such a pivotal time. I have great admiration for Warren, the wider leadership team and the business as a whole and am proud to become part of the team,” Mr Kakoullis said.