Chipmaker ARM Holdings Plc (ARMH, ARM.L) reported that Sir John Buchanan is stepping down as Chairman, at his request, owing to medical condition. The board, after conducting a thorough search, has named Stuart Chambers today as Chairman designate, replacing Sir John Buchanan, on March 1, 2014.
Stuart Chambers is Chairman of Rexam PLC and a non-executive director of Tesco plc. Until 2009, he was the Group Chief Executive of Nippon Sheet Glass Group which acquired Pilkington plc in 2006, where he was Chief Executive.
Buchanan would retire from the board at the AGM on May 1, 2014.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.