ARM Holdings PLC Board and Role Changes (9551U)
04 August 2015 - 4:00PM
UK Regulatory
TIDMARM
RNS Number : 9551U
ARM Holdings PLC
04 August 2015
FOR IMMEDIATE RELEASE
4 August 2015
ARM Holdings PLC
Board and Role Changes
ARM Holdings plc (the "Company") is pleased to announce the
forthcoming appointment of Lawton Fitt and Stephen Pusey as
independent non-executive directors. They will both join the board
on 1 September 2015. Lawton will also join the audit committee from
that date.
Lawton Fitt is currently an independent non-executive director
of Ciena Corporation (where she also chairs the audit committee),
Carlyle Group LP and The Progressive Corporation; and a trustee of
Thomson Reuters Founders Share Company, having served on the board
of Thomson Reuters Corporation until 2014. Lawton was previously an
investment banker with Goldman, Sachs & Co., becoming a partner
in 1994 and a managing director in 1996, before retiring in 2002.
She then served as Secretary (CEO) of the Royal Academy of Arts
from October 2002 to March 2005. Lawton received her bachelor's
degree from Brown University and her MBA from the Darden School of
the University of Virginia.
Stephen Pusey was until recently Chief Technology Officer of
Vodafone Group plc, retiring at Vodafone's annual general meeting
on 28 July 2015. He joined Vodafone in September 2006 and joined
the board in 2009. Prior to joining Vodafone, Stephen held the
positions of Executive Vice President and President Nortel Networks
EMEA, having joined Nortel in 1982. Stephen is also an independent
non-executive director of Centrica plc and of FireEye, Inc.
There is no information required to be disclosed under
paragraphs 9.6.13(2) to 9.6.13(6) of the Listing Rules in respect
of either of these appointments.
ARM also announces today that Kathleen O'Donovan, senior
independent non-executive director and chair of the audit
committee, will retire from the ARM board on 31 December 2015,
having completed nine years' service. Lawton Fitt will replace
Kathleen as chair of the audit committee on 1 January 2016; and
Andy Green, independent non-executive director, will become senior
independent director from that date.
Stuart Chambers, Chairman, said:
"I am delighted to welcome Lawton and Steve to the ARM board as
independent non-executive directors. We look forward to benefitting
from their highly relevant knowledge and experience, in particular
Lawton's deep financial expertise and Steve's longstanding
experience in the technology sector. Their appointments are part of
our planned and continuing evolution of the board. I would also
like to thank Kathleen for her excellent contribution to the ARM
board over the past nine years and in particular for her
exceptional leadership of the audit committee over that time. We
wish her well for the future."
CONTACTS:
Sarah West Ian Thornton/Phil Sparks
Brunswick ARM Holdings plc
+44 (0)207 404 5959 +44 (0)1628 427800
ENDS
This information is provided by RNS
The company news service from the London Stock Exchange
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