Rolls-Royce CEO Torsten Muller-Otvos retires after boosting sales six-fold
Publishing timestamp: 2023-10-05 11:15:15
Summary
Torsten Muller-Otvos, the CEO of Rolls-Royce, is retiring after 14 years. During his tenure, he transformed the brand into a contemporary and cool luxury brand, attracting a new generation of wealthy buyers. Rolls-Royce's sales grew significantly, and the average age of buyers decreased. Muller-Otvos also launched the first fully electric Rolls-Royce and introduced customization options. The big question for Rolls-Royce is whether it can maintain its success if the US economy falters.
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Keywords: wealth, breaking news: business, business news, transportation, rolls-royce holdings plc, autos,
Source: https://www.cnbc.com/2023/10/05/rolls-royce-ceo-torsten-muller-otvos-retires.html