Rolls-Royce shares are skyrocketing in 2023. But CEO Tufan Erginbilgic’s crusade to modernise may come at the expense of its engineering pioneering.
Rolls-Royce (LON: RR) shares have been on a tear in 2023. The FTSE 100 company’s new CEO, Tufan ‘Turbo’ Erginbilgic has set a fire under the company, sending shares up 55% year-to-date to 154p.
The new CEO is ruffling feathers, having referred to the company as a ‘burning platform’ earlier this year and even complaining to the Financial Times that the key power systems division — which generated 25% of total underlying revenues in 2022 — ha...
