Rolls-Royce investor Causeway Capital calls for board refresh


© Reuters. FILE PHOTO: People look at Rolls Royce’s Trent Engine displayed at the Singapore Airshow in Singapore February 11, 2020. REUTERS/Edgar Su

(Reuters) – Rolls-Royce (OTC:) shareholder Causeway Capital Management has called on the British engine-maker’s incoming chair to refresh the board, the Financial Times reported.

“I really believe the board needs some fresh thinking. The company is facing some challenges,” Jonathan Eng, portfolio manager at Causeway Capital Management, told the Financial Times in an interview.

The California-based investment group is Rolls-Royce’s second-largest shareholder with an about 7% stake, behind Capital Research Global Investors which owns about 9%, as per Refinitiv data.

Causeway Capital could not be immediately reached by Reuters for a comment.

“We regularly review the effectiveness, composition and skillset of our Board, using independent advice and benchmarking,” a spokesperson for Rolls-Royce told…

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