Director sails away from ARM

One of the directors at Britain's microchip champion ARM has decided to run away to sea.

Mike Inglis, currently in charge of the Cambridge based company's processors division, is to leave in 2013 ahead of competing in a round the world sailing race.

Article continues below

Try 6 free issues of MoneyWeek today

Get unparalleled financial insight, analysis and expert opinion you can profit from.

Start your trial

https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Inglis will be moved to the new role of Chief Commercial Officer ahead of sailing off into the sunset.

The shares have been unaffected by the change, ARM was up 0.1% at 11:20.

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.