The former head of Rover Cars’ small and medium-size cars division, Kevin Howe, is to return as chief executive of the recently rescued group.
Mr Howe, who left Rover last December for a post at aero-engine manufacturer Rolls-Royce, was lured back by John Towers - himself the last British chief executive of Rover until 1997. Towers now heads the Phoenix Consortium that acquired Rover from BMW earlier this month for just £10.
Howe, who will reputedly be paid a £250,000 salary, has negotiated early release from his contract with Rolls and takes up his new post next week. Towers becomes non-executive chairman of Rover.
News source: The Times (London)