1st May 2014 07:02
LONDON (Alliance News) - ARM Holdings PLC said Thursday that its Chief Financial Officer, Tim Score has decided to retire from the position.
Score will step down from the role in May 2015 after serving as CFO since 2002.
The semiconductor intellectual property supplier said it will shortly appoint search consultants for the appointment of Score's successor.
The company said last week that it remains confident it would meet market expectations for dollar revenues in 2014, assuming the semiconductor industry improves in the second half as it expects. ARM posted pretax profit of GBP97.1 million for the quarter to end-March, up from GBP89.4 million a year before, as revenue rose to GBP186.7 million from GBP170.3 million in the previous year.
ARM Holdings shares were trading up 0.1% 892.00 pence per share shortly after the open Thursday.
By Alice Attwood; [email protected]; @AliceAtAlliance
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