Rolls-Royce appoints activist stakeholder to board

Rolls-Royce has appointed a partner from its largest shareholder, ValueAct Capital, to its board.

The US activist investor built up a stake in the British engineer, following a string of profit warnings last year.

Rolls-Royce chairman, Ian Davis, said the appointment of Bradley Singer would not change the group’s strategy, but would bring experience from an executive who has worked with public companies that are in periods of change.