He is known simply as Turbo Tufan in the City. You can see why.
Since Tufan Erginbilgic took over as CEO of Rolls-Royce at the beginning of this year, the aerospace and defense giant's shares have tripled and are now above pre-pandemic levels.
Shares were on the move again yesterday after Turbo Tufan's latest comments that he is confident he will win the government's competition to build small nuclear reactors.
Known as SMRs, these reactors are considered the holy grail of future energy supply because they can be built in factories and then assembled where they are needed, reducing the enormous costs of traditional nuclear power.
At first glance, Erginbilgic's confidence is well placed.
Turnaround: Rolls Royce boss Tufan Erginbilgic said he is confident he will win the government's competition to build small nuclear reactors
Rolls-Royce is the only engineer among the six bidders to have the SMR technology in a European regulatory approval process, putting the company almost two years ahead of its competitors.
The design is based on mini reactors that it has been making for Royal Navy submarines for years.
Rolls-Royce is also the only British company among the six shortlisted bidders to have submitted designs to Great British Nuclear – the government body that makes the decision.
You might therefore conclude that Rolls-Royce is a slam dunk to win when the award is announced next spring.
Unfortunately, the competition is not that easy. The rules surrounding such contracts – including EU-retained law – require the government to hold an open house for foreign contractors such as Westinghouse, GE Hitachi, NuScale, Holtec and France's EDF.
But as Turbo Tufan also told analysts on the capital market day last week, if Rolls-Royce does not get the contract: “It will be difficult to explain it to anyone, including myself.” Even more than difficult: it would be an absolute shame.
Unless Rolls-Royce's bid is truly sub-optimal, any decision other than awarding the contract to the Derby-based manufacturer would be perverse at a time when the country needs more than ever to strengthen its industrial base and add new skills and jobs . And energy security.
Erginbilgic has achieved the most remarkable turnaround at Rolls-Royce. The balance sheet has been cleaned up, easing interest payments on loans that made up about half of operating revenue last year.
The strategy now is to release up to £3bn of free cash flow, sell the flying taxi and electric aircraft businesses and cut costs to boost profits.
In terms of growth, Rolls-Royce will again make smaller narrow-body passenger aircraft for short-haul flights.
Air traffic is still below pre-lockdown levels, while the number of flying hours has fallen by approximately 14 percent. Every upturn therefore increases revenues from services, which feed directly into profits.
Turbo Tufan has more than earned its nickname. If this first year means anything, it's worth betting he can keep the stock on track.
Haldane's treasury splits
The latest idea from former Bank of England chief economist Andy Haldane is for the Treasury to implement the splits.
He advises the Chancellor to split it into two: one part focuses on finances and the other on the economy.
The latter should be located somewhere near Darlington, and have its own minister. With the Prime Minister, the two leaders should take the lead on economic policy and, as in the US, be supported by a board of advisors to improve growth.
Weird or sensible? The Treasury Department undoubtedly needs a shake-up. It's fair to point out that most of the pointy people who work there have never worked in the real world. Even fewer have run a business.
They don't understand what is meant by “animal spirits” or what it's like to be a boss who has enough cash flow to pay his employees at the end of the month.
So it could be positive if more productive souls – and not just economists – worked at the top of government. Like many of Haldane's ideas, this one has legs and should certainly be discussed further.
Let's see what Rachel Reeves has to say.
Gold on the run
Gold is flying high again after last week's record prices, reaching $2,111 per ounce.
Interest rates are rising due to a weaker dollar and the growing consensus that interest rates will be cut early next year.
It's an old saying, but worth repeating. Whoever has the gold sets the rules.