Rolls-Royce CEO Takes ‘Burning Platform’ to Nvidia-Like Gain (1)

In his two years as chief executive officer of Rolls-Royce Holdings Plc, Tufan Erginbilgic has turned the company he once derided as a “burning platform” into a case study for reviving a moribund industrial icon.

The former oil-company executive has slashed jobs, sold off underperforming assets and pulled back on efforts with questionable profit potential.

The result is a nearly eightfold increase in shares of the aerospace engine supplier over his tenure, on par with AI chip powerhouse Nvidia Corp. and the biggest gain by far among members of the FTSE 100 Index of blue-chip UK companies.

There’s ...