24th Jun 2015 12:23
LONDON (Alliance News) - FTSE 100-listed semiconductor company ARM Holdings PLC on Wednesday said Chief Operating Officer Graham Budd and Head of Investor Relations Ian Thornton are to take on chief financial officer responsibilities until Chris Kennedy joins the company.
ARM poached Kennedy from budget airline easyJet PLC in January to replace Tim Score, who will be stepping down from his position on June 30.
ARM said on Wednesday that Kennedy will join the company once it has fulfilled his responsibilities at easyJet, and it will make an announcement on his formal start date in due course. Until then, Budd and Thornton will handle the finance function for the company.
Shares in ARM were down 0.4% to 1,133.00 pence on Wednesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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