<p>British aero-engine maker Rolls-Royce Holdings Plc is beginning a search for its next chairman, Sky News reported on Saturday.</p>.<p>Rolls-Royce's board has begun the process of identifying a successor to Ian Davis, the report said, adding an appointment was unlikely to be announced until well into next year.</p>.<p>"The chairman will have served nine years in March 2022 and it is best practice that he will stand down by then," Rolls-Royce told Reuters in an emailed statement.</p>.<p>"The Board will ensure an orderly transition."</p>.<p>Davis was appointed as chairman in May 2013, according to the company's website.</p>.<p>The company has also been forced into a search for a new finance chief following Stephen Daintith's resignation to join Ocado, the online grocer, the report added.</p>
<p>British aero-engine maker Rolls-Royce Holdings Plc is beginning a search for its next chairman, Sky News reported on Saturday.</p>.<p>Rolls-Royce's board has begun the process of identifying a successor to Ian Davis, the report said, adding an appointment was unlikely to be announced until well into next year.</p>.<p>"The chairman will have served nine years in March 2022 and it is best practice that he will stand down by then," Rolls-Royce told Reuters in an emailed statement.</p>.<p>"The Board will ensure an orderly transition."</p>.<p>Davis was appointed as chairman in May 2013, according to the company's website.</p>.<p>The company has also been forced into a search for a new finance chief following Stephen Daintith's resignation to join Ocado, the online grocer, the report added.</p>