By Ian Walker
LONDON-- Rolls-Royce Holdings PLC said Wednesday that John
Rishton will retire as chief executive on July 2 after 4 years, and
will be replaced by former ARM Holdings PLC chief, Warren East.
Mr. East was CEO of ARM Holdings from 2001 to 2013. He will get
a base salary of GBP925,000 ($1.38 million) and a pension allowance
of 25% of salary. He will also be eligible to participate in annual
an performance-related bonus scheme up to a maximum of 180% of his
annual salary and in the performance share plan up to a maximum of
180% of salary.
Write to Ian Walker at ian.walker@wsj.com
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