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Soames was appointed Officer of the Order of the British Empire (OBE) in the 2010 New Year Honours.

In November 2010 Rupert Soames gave a speech at Holyrood in which he warned, "In the UK, we are already close to the rocks, because, over the next 8 years a third of our coal-fired capacity, two-thirds of our oil-fired capacity, and nearly three-quarters of our nuclear capacity will be closed down either through age or the impact of the European Large Combustion Plant Directive. Absent a massive and immediate programme of building new power stations, with concrete being poured in the next two years, we will be in serious danger of the lights going out."

Soames left Misys after a disagreement with Misys founder Kevin Lomax on the company's direction, and was appointed chief executive of power hire group Aggreko in June 2003, replacing Philip Harrower who died when his car collided with a train in the United States. Soames left Aggreko in 2014.

After leaving GEC in 1997, Soames joined the software company Misys as chief executive of its Midas-Kapiti division. He was promoted to chief executive of the Banking and Securities Division in June 2000.

He married Camilla Dunne, daughter of Sir Thomas Dunne, KG, KCVO in 1988. They have three children: Arthur (1990), Daisy (1992), and Jack (1994). Jack Soames has served as a Page of Honour.

His brother, Sir Nicholas Soames, was a Conservative MP from 1983 until his retirement in 2019.

Rupert Christopher Soames OBE (born 18 May 1959) is a British businessman, CEO of the outsourcing company Serco.