Rolls-Royce Holdings named the first female chair in its 115-year history, selecting chemicals and utilities veteran Anita Frew to take over the role later this year.

Frew will succeed Ian Davis, Rolls’s chair for almost nine years, on October 1, the jet-engine maker said on Wednesday, boosting the ranks of women occupying top posts in UK business. Only 11 of the FTSE 100 firms had a female chair in 2020, according to the Hampton-Alexander Review of the boardroom gender gap...

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