ARM Holdings plc LON:ARM announced on the 8th January 2015, the appointment of Chris Kennedy as Director and CFO to succeed Tim Score, whose intention to retire was announced at the company’s Annual General Meeting on 1 May 2014. Tim will retire as CFO of ARM on 30 June 2015.
Since joining ARM in March 2002, 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 an excellent CFO and has been a key contributor in delivering the strategy which has led ARM to a five-fold increase in revenues and an eight-fold increase in EPS over his tenure. He has played a major role in the ARM management team for the last 13 years and it has been a pleasure to work alongside him.”
Chris will be joining ARM once he has fulfilled his duties as CFO of easyJet plc LON:EZJ. An announcement confirming Chris’ formal start date will be made in due course. In the interim Graham Budd, Chief Operating Officer, and Ian Thornton, Head of Investor Relations, will jointly be covering CFO responsibilities.