ARM Holdings plc announces that Sir Robin Saxby, currently Chairman of the Company, will retire from the Board on 1st October 2006 when he takes up the role of President of the Institute of Engineering and Technology (IET).
Arm Holdings Plc announces Board changes
During his year as President of the IET, Sir Robin will remain associated with ARM as Chairman Emeritus.
As part of a planned transition process, Sir Robin will be succeeded as Chairman by Doug Dunn. Mr Dunn, aged 61, joined the ARM Board in December 1998 as an independent non-executive director. He was previously President and Chief Executive Officer of ASM Lithography Holding N.V. until his retirement in December 2004. He is a non-executive director of ST Microelectronics N.V., Soitec S.A. and LG. Philips LCD Co. Ltd.
Commenting on the announcement, Warren East, Chief Executive, said: 'In Robin's fifteen years at ARM, as a founder, Chief Executive and as Chairman, we have earned a reputation as one of the world's most respected technology companies and become a global leader in semiconductor intellectual property. On behalf of the Board, I would like to thank him for all he has done for our Company.
'Doug is very well-qualified to succeed Robin as Chairman. He is familiar with the Company, its products and the industry and has been an active member of the Board for a number of years'
Sir Robin Saxby added: 'Throughout my life I have been passionate about the importance of creating value for stakeholders from technology and I am looking forward to continuing my relationship with ARM as Chairman Emeritus during my year as President of the IET.
'ARM and the IET have maintained close links over the years, and I am delighted to be able to continue to act as an ambassador for ARM globally and hope to encourage young people to take up a role in engineering, science and technology, as well as broadening my own knowledge of other engineering disciplines'
Doug Dunn added: 'I am excited by the prospect of chairing one of the world's leading IP technology companies. I am looking forward to supporting ARM's management team as they continue to execute on their growth strategy.'
ARM ((LSE: ARM); (Nasdaq: ARMHY)), designs the technology that lies at the heart of advanced digital products, from mobile, home and enterprise solutions to embedded and emerging applications. ARM's comprehensive product offering includes 16/32-bit RISC microprocessors, data engines, 3D processors, digital libraries, embedded memories, peripherals, software and development tools, as well as analog functions and high-speed connectivity products. Combined with the company's broad Partner community, they provide a total system solution that offers a fast, reliable path to market for leading electronics companies.
Doug Dunn joined the board in December 1998. He was previously President and Chief Executive Officer of ASM Lithography Holding N.V. until his retirement in December 2004. Before joining ASML, he was Chairman and Chief Executive Officer of the Consumer Electronics Division of Royal Philips Electronics N.V. and a member of the board. He was previously Managing Director of the Plessey and GEC Semiconductor divisions and held several engineering and management positions at Motorola. He was awarded an OBE in 1992. He is a non-executive director of ST Microelectronics N.V., Soitec S.A. and LG. Philips LCD Co. Ltd.
Sir Robin Saxby
Sir Robin Saxby was involved in founding ARM and joined the Company full time in February 1991 as President and Chief Executive Officer, becoming Chairman in October 2001. Prior to ARM, he was with ES2, Motorola Semiconductors and Henderson Security Systems Limited. He has also served as Chairman of the Open Microprocessor Initiative Advisory Group, which advised on collaborative R&D activity within Europe. He holds a BEng in Electronics and is a chartered engineer, Hon FIEE and FREng. He has received an honorary doctorate from the University of Liverpool where he is a visiting professor, has honorary doctorates from Loughborough University and the University of Essex and has received the Faraday Medal of the IEE (Institute of Electrical Engineers). He was knighted in the 2002 New Year's Honours List. He currently serves as Deputy President of the IET, where he is also a trustee and will become President of the IET in October 2006. He is a non-executive director of Glotel plc.
Tim Score/Bruce Beckloff A
RM Holdings plc
+44 (0)1628 427800
Tom Buchanan/Fiona Laffan Brunswick
+44 (0) 207 404 5959
This information is provided by RNS
The company news service from the London Stock Exchange
ARM is at the heart of the world’s most advanced digital products. Our technology enables the creation of new markets and transformation of industries and society.