Rolls-Royce CEO John Rishton to retire

April 22, 2015 6:51 AM

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LONDON-- Rolls-Royce Holdings PLC said Wednesday that John Rishton will retire as chief executive and be replaced by former ARM Holdings PLC chief Warren East following a tumultuous period for the British engine maker, marked by profit warnings, layoffs and the exit of its chief financial officer only a few months ago.

Mr. Rishton will depart on July 2 after more than 4 year leading the company.

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