ATI boss K Y Ho is to relinquish his role as company CEO on 1 June, making way for president and COO Dave Orton to assume the position.

Ho will stay on as chairman of ATI's board, a position he already fills.

The move comes as no surprise, since Orton has been groomed to take up the CEO's job ever since he joined ATI in 2000. Indeed, he's arguably been acting as CEO for some time now. ATI admitted that the move "will not require any changes to ATI's management structure" and "this announcement merely formalises the existing situation".

Meanwhile, ATI's CFO, Terry Nickerson, has announced he will retire from the company as soon as a successor has been found. ®