24th May 2006 07:01
ARM Holdings PLC24 May 2006 ARM HOLDINGS PLC - BOARD CHANGES CAMBRIDGE, UK, 24 May 2006-ARM Holdings plc ((LSE: ARM); (Nasdaq: ARMHY))announces that Sir Robin Saxby, currently Chairman of the Company, will retirefrom the Board on 1st October 2006 when he takes up the role of President of theInstitute of Engineering and Technology (IET). During his year as President ofthe IET, Sir Robin will remain associated with ARM as Chairman Emeritus. As part of a planned transition process, Sir Robin will be succeeded as Chairmanby Doug Dunn. Mr Dunn, aged 61, joined the ARM Board in December 1998 as anindependent non-executive director. He was previously President and ChiefExecutive Officer of ASM Lithography Holding N.V. until his retirement inDecember 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 technologycompanies and become a global leader in semiconductor intellectual property. Onbehalf of the Board, I would like to thank him for all he has done for ourCompany. Doug is very well-qualified to succeed Robin as Chairman. He isfamiliar with the Company, its products and the industry and has been an activemember of the Board for a number of years" Sir Robin Saxby, added: "Throughout my life I have been passionate about the importance of creatingvalue for stakeholders from technology and I am looking forward to continuing myrelationship with ARM as Chairman Emeritus during my year as President of theIET. ARM and the IET has maintained close links over the years, and I amdelighted to be able to continue to act as an ambassador for ARM globally andhope to encourage young people to take up a role in engineering, science andtechnology, as well as broadening my own knowledge of other engineeringdisciplines" Doug Dunn added: "I am excited by the prospect of chairing one of the world's leading IPtechnology companies. I am looking forward to supporting ARM's management teamas they continue to execute on their growth strategy." CONTACTS: Tom Buchanan/Fiona Laffan Tim Score/Bruce Beckloff Brunswick ARM Holdings plc +44 (0) 207 404 5959 +44 (0)1628 427800 About ARM ARM designs the technology that lies at the heart of advanced digital products,from mobile, home and enterprise solutions to embedded and emergingapplications. ARM's comprehensive product offering includes 16/32-bit RISCmicroprocessors, data engines, 3D processors, digital libraries, embeddedmemories, peripherals, software and development tools, as well as analogfunctions and high-speed connectivity products. Combined with the company'sbroad Partner community, they provide a total system solution that offers afast, reliable path to market for leading electronics companies. Moreinformation on ARM is available at http://www.arm.com NOTES TO EDITORS Doug Dunn Doug Dunn joined the board in December 1998. He was previously President andChief Executive Officer of ASM Lithography Holding N.V. until his retirement inDecember 2004. Before joining ASML, he was Chairman and Chief Executive Officerof the Consumer Electronics Division of Royal Philips Electronics N.V. and amember of the board. He was previously Managing Director of the Plessey and GECSemiconductor divisions and held several engineering and management positions atMotorola. He was awarded an OBE in 1992. He is a non-executive director of STMicroelectronics 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 inFebruary 1991 as President and Chief Executive Officer, becoming Chairman inOctober 2001. Prior to ARM, he was with ES2, Motorola Semiconductors andHenderson Security Systems Limited. He has also served as Chairman of the OpenMicroprocessor Initiative Advisory Group, which advised on collaborative R&Dactivity within Europe. He holds a BEng in Electronics and is a charteredengineer, Hon FIEE and FREng. He has received an honorary doctorate from theUniversity of Liverpool where he is a visiting professor, has honorarydoctorates from Loughborough University and the University of Essex and hasreceived the Faraday Medal of the IEE (Institute of Electrical Engineers). Hewas knighted in the 2002 New Year's Honours List. He currently serves as DeputyPresident of the IET, where he is also a trustee and will become President ofthe IET in October 2006. He is a non-executive director of Glotel plc. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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