ARM Holdings (ARMH) has named Stuart Chambers as Chairman to replace John Buchanan, who is resigning due to a medical condition. The latter will end his role as Chairman on March 1 and retire from ARM's board on May 1.
Chambers is Chairman of consumer-package maker Rexam and a non-executive director at Tesco, and he was CEO of Nippon Sheet Glass Group.
ARM's shares are -1.7% in London. (PR)