New BMW Rolls-Royce chairman Klaus Nittinger has started making moves to tighten the firm's management by removing the finance director.

Former finance director Günter Frölich left the company early in October. BMW R-R says that this reduces the membership of the company's board of management from five to four.

According to BMW R-R, the move was a "well-prepared decision between the shareholders and the board".

The company has not yet revealed what further restructuring measures are being considered as it attempts to speed the company's entry into profit.

Source: Flight International