Keep pulling the thread on Tufan Erginbilgiç.
Since Tufan Erginbilgiç became CEO of Rolls-Royce, the company's shares have increased by more than 10 times.
During the tenure of the previous CEO, Rolls-Royce's shares declined by almost 70%, partly due to the impact of the COVID pandemic.
The restructuring at Rolls-Royce under CEO Tufan Erginbilgiç has involved thousands of job cuts.
Upon taking over as CEO, Tufan Erginbilgiç's assessment was that Rolls-Royce's cost of capital was significantly higher than the returns it was generating on investments.
A key part of the Rolls-Royce transformation involved renegotiating existing contracts that were causing the company to lose money.
Tufan Erginbilgiç believes Europe requires nuclear power to ensure its energy supply security, a need amplified by recent geopolitical events.
Prior to Tufan Erginbilgiç's appointment as CEO in 2023, Rolls-Royce had underperformed for over a decade.
McKinsey described the tenure of Rolls-Royce CEO Tufan Erginbilgiç as a case study in the art of corporate transformation.
The restructuring at Rolls-Royce focused on eliminating management layers, and no operational personnel were let go.
Tufan Erginbilgiç asserts that the world needs nuclear power to achieve net-zero emissions targets.
Small Modular Reactors (SMRs) involve an 85% manufacturing process, which is intended to reduce risk and cost compared to traditional nuclear projects.