Rolls-Royce named John Rishton CEO to replace John Rose, who will retire at the end of March 2011. Rishton has been a non-executive director of Rolls-Royce since 2007 and chairs the board's audit committee. He was CFO of British Airways for four years until 2005 and was appointed CEO of the Dutch retail group Royal Ahold in 2006. Rose has been Rolls's chief executive since 1996, having joined the company in 1984.
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