31.12.2025 07:10
The CEO of Rolls-Royce, Tufan Erginbilgiç, saved the company from bankruptcy by growing it 12 times in 2 years. The company's stock market value increased from 1 pound to 12 pounds. The company will grant Erginbilgiç shares worth 106 million pounds as a bonus.
The British giant Rolls-Royce, under the leadership of Turkish CEO Tufan Erginbilgiç, has achieved a historic stock market success. Erginbilgiç, who took over the company as a "burning platform" and revitalized it in a short time, is preparing to receive one of the highest awards in the history of British business for this performance.
RADICAL TRANSFORMATIONS IN THE COMPANY
Tufan Erginbilgiç, who took the helm of Rolls-Royce at the beginning of 2023, made radical transformations in the company that not only pleased investors but also multiplied his own wealth.
AWARD RISES TO 106 MILLION POUNDS
Upon taking office at the beginning of 2023, Erginbilgiç was granted 8.3 million shares as part of a recruitment package by Rolls-Royce to encourage him to leave the private equity firm he was a partner in. The share, which was 1 pound at that time, has now approached 12 pounds. If this award is fully granted to Erginbilgiç, its value will be approximately 106 million pounds. Erginbilgiç will be entitled to receive this award in two installments in 2027 and 2028.
THE COMPANY TOOK OFF IN THE MARKET WITH HIM
When Erginbilgiç took office, Rolls-Royce shares were trading below 1 pound due to the devastating effects of the pandemic on the aviation industry and operational issues. The tough but efficiency-focused strategy implemented by the Turkish executive bore fruit. The company's share value skyrocketed nearly 12 times, rising from 1 pound to 11.49 pounds. The market value reached 97 billion pounds, surpassing giants like BP and Barclays.
SAVED THE COMPANY FROM BANKRUPTCY WITH FIRM STEPS
When Erginbilgiç took over Rolls-Royce, the company was struggling with bribery cases and engine failures. The Turkish CEO took firm and timely steps. With pricing discipline, he aimed for a stronger profit margin in civil aviation engines. He shifted focus to the defense industry. The recovery in global air travel increased engine demand, while rising defense budgets revived interest in Rolls-Royce's military engines and power systems across a range of areas from armored vehicles to nuclear submarines. These factors helped the company surpass the market values of groups like BP, BAE Systems, Barclays, and Rio Tinto. By bringing a nuclear vision to the company, he set the goal of commercializing small modular reactors (SMR) based on technology developed for the Royal Navy.