Cambridge, UK -- May 1, 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.
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.