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

The new chief executive of Rolls-Royce has told staff that the engineering company is a “burning platform” that must transform to survive.

Tufan Erginbilgic, the former BP executive who replaced Warren East as chief executive at the start of January, said the coronavirus pandemic could not be blamed for what in reality is a perennial underperformance of the business compared with rivals.