ARM.L Regulatory News (ARM)

1 May 2014

ARM Holdings PLC Announces Retirement of CFO in May 2015 

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