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In Good Company with Nicolai Tangen

Rolls-Royce CEO Tufan Erginbilgic: Transforming an Iconic Brand, Pioneering Energy Transition, and Leading Strategic Initiatives

In Good Company with Nicolai Tangen

Norges Bank Investment Management

In Good Company, Business, Norges Bank, Nicolai Tangen

4.8 • 186 Ratings

🗓️ 9 October 2024

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this episode, Nicolai Tangen is joined by Tufan Erginbilgic, the CEO of Rolls-Royce, to discuss the transformation journey of this iconic company. With over 20 years at BP, where he led the downstream business to double underlying earnings and triple returns, Tufan brings a wealth of experience in driving change in complex organizations. Since taking the helm at Rolls-Royce in the beginning of 2023, he has launched a bold transformation strategy focused on long-term progress, breaking away from loss-making contracts, simplifying the company's structure, and investing in cutting-edge technology. Under his leadership, Rolls Royce has seen its best stock performance in 30 years and paid its first dividend in five years.


Join us as Tufan shares his insights on leading a turnaround, the cultural shifts necessary for sustained performance, and the importance of strategic progress in the aerospace and defense sectors. Tune in for an engaging conversation that delves into leadership, innovation, and the strategic vision driving Rolls-Royce forward.


The production team for this episode includes PLAN-Bs Pål Huuse and Niklas Figenschau Johansen. Background research was conducted by Kristian Haga.



Hosted on Acast. See acast.com/privacy for more information.

Transcript

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0:00.0

Hi everybody, I'm Nicola Tangen and today I'm in good company with Tufan, the CEO of Rolls Voice.

0:07.0

And in the fund, we own 2.3% of the company totaling more than $1 billion.

0:12.0

So, big welcome to Fahm.

0:13.0

Now, when you took the job at Rawls, you called it a burning platform.

0:27.6

Why were you so dramatic in kind of your opening statement?

0:32.6

So, first of all, it was an internal meeting, I would say.

0:38.2

So this is my third transformation, right?

0:40.8

We may talk about what are the right pillars.

0:44.2

I learned what pillars you want to have in place, sort of in transformations.

0:53.3

One of the pillars is very important that actually you put the mirror up

1:01.0

because most of the organizations which requires turnaround,

1:08.0

they don't, nature of it, whole employee base is not any more communicated where

1:16.2

the company is.

1:17.7

I think that town hall, what I did when I first came in, obviously I did lots of assessment

1:24.3

of the business before I showed up.

1:26.9

Then I got together with leadership because I wanted to get them on board.

1:33.1

Then we had the big tunnel to engage everybody else, right?

1:38.4

In that tunnel, it was one and a half hours.

1:42.0

What I was doing early on put the mirror up and then talk about the vision

1:51.6

and how we are going to get there. How do people react? Actually, internally, people reacted.

2:00.4

It was, they found it very energizing.

2:03.3

Of course, externally, you found the first 15 minutes of that on the news,

...

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