ARM Holdings PLC Announces Retirement of CFO in May 2015

May 01, 2014


Cambridge, UK, 1 May 2014 - ARM Holdings plc [(LSE: ARM); (NASDAQ: ARMH)], the world’s leading semiconductor intellectual property (IP) supplier, announces today that Tim Score, who has been Chief Financial Officer since 2002, has decided to retire from the company twelve months from now in May 2015. Since joining ARM, Tim has been an integral part of the leadership team responsible for growing ARM’s revenues, profits and returns to shareholders over a sustained period.

Simon Segars, CEO said, "Tim has been, and continues to be an excellent CFO. He has played a major role in the ARM management team for the last 12 years and it has been a pleasure to work alongside him. I am pleased that he will remain in the company for the next twelve months so that we can identify his successor and ensure a seamless handover."

As part of our normal succession planning process, search consultants will be appointed shortly and the announcement of Tim’s successor will be made in due course.

Ends

For more information

Sarah West/Ben Fry
Brunswick
+44 (0)207 404 5959

Ian Thornton, Vice President, Investor Relations
ARM
+44 (0)1223 400796

About ARM

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. We design scalable, energy efficient-processors and related technologies to deliver the intelligence in applications ranging from sensors to servers, including smartphones, tablets, enterprise infrastructure and the Internet of Things.

Our innovative technology is licensed by ARM Partners who have shipped more than 50 billion Systems on Chip (SoCs) containing our intellectual property since the company began in 1990. Together with our Connected Community, we are breaking down barriers to innovation for developers, designers and engineers, ensuring a fast, reliable route to market for leading electronics companies. Learn more and join the conversation at http://community.arm.com.



About Arm

Arm technology is at the heart of a computing and connectivity revolution that is transforming the way people live and businesses operate. Our advanced, energy-efficient processor designs have enabled intelligent computing in more than 130 billion chips. More than 70% of the world’s population are using Arm technology, which is securely powering products from the sensor to the smartphone to the supercomputer. This technology combined with our IoT software and end-to-end connectivity, device and data management platform enables customers to derive real business value from their connected devices and data. Together with our 1,000+ technology partners we are at the forefront of designing, securing and managing all areas of compute from the chip to the cloud.

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