Record Bonus for Rolls-Royce’s Turkish CEO Tufan Erginbilgiç
British aviation and engine giant Rolls-Royce is experiencing a historic financial surge under the leadership of CEO Tufan Erginbilgiç. Having likened the company to a “burning platform” when he first took office, Erginbilgiç has driven share values to record levels through efficiency-oriented strategies.
Financial Transformation and Success Bonus
Following an approximately 12-fold increase in the company’s market value, it is reported that the Rolls-Royce board has granted Erginbilgiç a stock award expected to exceed 100 million pounds (approximately 106 million pounds). This figure is regarded as one of the highest performance payments in modern corporate governance history.
Who is Tufan Erginbilgiç?
The career journey and academic background of Erginbilgiç, who has drawn attention in the global media with his success story, are as follows:
- Education: A graduate of Istanbul Technical University (ITU) in Management Engineering, Erginbilgiç completed his master’s degrees at Boğaziçi University and in the USA.
- Career History: He spent 20 years of his professional life serving in senior management roles within the energy giant BP.
- CEO Tenure: The son of a military officer, Erginbilgiç took the helm of Rolls-Royce at the age of 63. Now 65, the experienced executive is known in global industrial circles as the “architect of transformation.”
