By Ian Walker
LONDON--ARM Holdings PLC (ARM.LN) said Wednesday Tim Score will
retire as chief financial officer on June 30, and be replaced by
easyJet PLC's (EZJ.LN) Chris Kennedy at a date to be decided as
previously announced.
The chip maker said in January that Mr. Kennedy would replace
Mr. Score following the announcement last May that he planned to
retire. Under Mr. Kennedy's contract he is required to serve a
year's notice. EasyJet said in April that it had appointed Halfords
Group PLC's (HFD.LN) Andrew Findlay as its financial chief and that
he would join the airline at the end of October.
ARM said Mr. Kennedy would join the company once he had
fulfilled his duties at easyJet and that a formal start date would
be made in due course.
Mr. Kennedy has been the budget airline's financial chief since
2010.
In the interim, Chief Operating Officer Graham Budd and Head of
Investor Relations Ian Thornton will be handling the CFO's
responsibilities jointly, ARM said.
Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749
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