(Alliance News) - Rolls-Royce Holdings PLC on Friday named Helen McCabe as its new chief financial officer, to join the jet-engine maker "later this year".

She is currently senior vice president of finance for the Customer & Products division of BP PLC and was previously CFO of BP Downstream's fuels and refining Europe & Southern Africa businesses. Rolls-Royce CFO Panos Kakoullis will remain in post until August 31, the company said, with McCabe's exact start date to be announced "subsequently".

Rolls also announced a series of other senior management changes, including a new head of Rolls-Royce North America.

Rolls-Royce shares were 0.6% higher at 151.06 pence each in London on Friday morning.

By Tom Budszus, Alliance News reporter

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