Simon Beresford-Wylie is the frontrunner to become the chip developer's next CEO, Sky News understands.
The recruitment of a UK citizen to lead the company would be welcomed in Whitehall, with ministers put under pressure by MPs earlier this year to intervene in a row about corporate governance at Imagination.
The series of appointments forms part of an effort to alleviate concerns about the intentions of China Reform Holdings, an investment vehicle with close links to Beijing, which is the principal investor in Imagination's owner, Canyon Bridge Capital Partners.The chip developer plays a critical role in the fast-growing internet of things economy, boasting that its graphics processing units are used in 30% of the world's mobile phones and, in total, 11bn devices globally.
The bust-up prompted the departure of Mr Black and the launch of probes by parliament's foreign affairs select committee and the Trump administration in Washington. The British company's sale to Canyon Bridge was approved by the US government subject to its disposal of MIPS, a graphics processing unit operating in the US.
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