John Cheffins, chief operating officer at Derby-based aerospace engine giant Rolls-Royce, yesterday netted a profit of almost £1.69 million after selling share options in the company worth just over £3 million.
Mr Cheffins exercised 690,953 options at 440.64 pence a share, or £3.045 million in total.
He bought them for £1.355 million.
The options were granted to Mr Cheffins in 2000, 2001 and 2002 under the Rolls-Royce 1999 executive share option plan.
Mr Cheffins joined Rolls-Royce in September 1967 as an undergraduate apprentice in Derby and was appointed chief operating officer in March 2001. ..SUPL: