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Rolls-Royce Holdings plc (RYCEY)
- The Guardian
Rolls-Royce is a ‘burning platform’ that must transform, says new CEO
‘We underperform every key competitor out there,’ staff are told in global address by Tufan Erginbilgic
- Financial Times
Rolls-Royce’s new chief warns company is a ‘burning platform’
The new chief executive of Rolls-Royce has given a brutal assessment of Britain’s flagship engineering group, telling employees it must transform the way it operates or it will not survive. In a global address broadcast to staff, parts of which were shared with the Financial Times, Tufan Erginbilgic warned investors were losing patience with the FTSE 100 group. The Turkish-British national took over from Warren East at the start of January with a brief to improve Rolls-Royce’s performance.
- CNW Group
Xanadu and Rolls-Royce to build quantum computing tools with PennyLane
Xanadu, the world leader in photonic quantum computing, and Rolls-Royce are co-developing new quantum algorithm tooling for PennyLane, Xanadu's open-source quantum computing software widely used for quantum machine learning, chemistry, and optimization.
