ARM Holdings Appoints John Liu Director; Stock Rises

(RTTNews) - Chipmaker ARM Holdings Plc. (ARM.L, ARMH) Thursday announced the forthcoming appointment of John Liu as an independent non-executive director. He will join the board on December 1. ARM stock is currently trading around 4 percent higher in London.

Liu is currently an independent non-executive director of Digital China Holdings Limited and a member of the Board of Trustees of Beijing Normal University Education Fund. In addition, he is Chief Business Officer of Qihoo 360 Technology Co. Ltd.

Stuart Chambers, Chairman, said, "We are delighted to welcome John Liu to the ARM board as an independent non-executive director and look forward to the benefit of his highly relevant expertise in Asia and his longstanding experience of global technology companies. His appointment is part of our planned and continuing evolution of the board."

In London, ARM shares are currently trading at 886 pence, up 30.50 pence or 3.57 percent.