Scottish technology firm, Wolfson Microelectronics, has confirmed the retirement of company founder and CEO David Milne.

Wolfson manufactures chips for mobile devices, including iPods. Milne (64) will retire on 28 February 2007. Dave Shrigley has been appointed as CEO Designate, and will take on full duties from 1 March 2007. Milne will remain on the board of directors of the company.

The outgoing leader founded the company in 1984. Shrigley is a former Intel VP and is currently a non-executive director at Rambus.

“We are delighted that Dave Shrigley has agreed to join us as our new CEO. He brings to Wolfson all-round expertise in the semiconductor industry as well as the experience of succeeding in large as well as smaller companies. We look forward to him inspiring the staff and building on David Milne’s achievements," said company chairman, John Carey.