Skip Header
Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

NATS appoints former Rolls-Royce CEO as chair

(Sharecast News) - Warren East, the former boss of Rolls-Royce and ARM Holdings, has been appointed as chair of NATS as the air traffic control company attempts to repair its reputation following last August's IT system meltdown which led to more than 700,000 passengers facing disruption. East will replace current chair Paul Golby, who will step down after 10 years in the role in September.

Major disruption on the August bank holiday in 2023 that led to the grounding of flights across UK airports was blamed on an IT systems failure of the flight planning system at NATS, which suffered a "significant lack of pre-planning", according to an independent report of the incident released last month.

The report said NATS failed to prepare with "any multi-agency rehearsal of the management of an incident of this nature and scale", and found that off-site engineers took 90 minutes to arrive to fix the situation.

East, who led aerospace manufacturer Rolls-Royce between 2015 and 2022, and spent 12 years as CEO of chip designer ARM Holdings, is currently a non-executive director for Tokamak Energy, C-Capture and ASML Holding and a strategic advisor to Avina Clean Hydrogen.

NATS CEO Martin Rolfe said East's knowledge and insight into aviation and his experience of technology-led transformation "will be enormously valuable".

"Aviation is vital to our society and economy, and the essential infrastructure which NATS provides underpins that important function," East said in a statement. "The next decade or so brings huge challenge alongside multiple possibilities as the sector faces the necessity of the energy transition together with the opportunities presented by advancing technology."

Share this article

Related Sharecast Articles

RBC Capital lifts Centrica to 'outperform', shares rally
(Sharecast News) - RBC Capital Markets upgraded Centrica on Friday to 'outperform' from 'sector perform' and lifted the price target to 170p from 145p.
Jefferies reiterates 'buy' on National Grid, trims price target
(Sharecast News) - Jefferies trimmed its price target on National Grid on Friday as it reiterated its 'buy' rating on the energy infrastructure firm.
JPMorgan reiterates 'overweight' on Whitbread
(Sharecast News) - JPMorgan Cazenove reiterated its 'overweight' rating on Whitbread on Friday as it said it continues to be one of its key convictions, and sees the recent pullback - the shares are down 20% year-to-date - as "an opportunity to revisit the story".
Short-lived sunny spell helps boost UK supermarkets
(Sharecast News) - UK supermarket sales pushed higher in May, industry data showed on Friday, boosted by a brief spell of warmer weather.

Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

Award-winning online share dealing

Search, compare and select from thousands of shares.

Expert insights into investing your money

Our team of experts explore the world of share dealing.