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.
He will be replaced at the beginning of April by Simon Segars who will become Executive Vice President and General Manager of the processor and physical IP divisions.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
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
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.
BS
-
Trouble brews in B&M as bargain shops take a hitOpinion Once a stock market darling, B&M's share price has slumped. What has gone wrong for bargain shops?
-
US and China reach a ceasefire in their trade war after talks in LondonThe US and China's trading relationship – the most important one in the global economy – is back on track. Will the truce last?
