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Technology Stocks : ARM Holdings (Advanced RISC Machines) plc.
ARMH 75.15+3.1%3:50 PM EDT

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To: Jim Oravetz who wrote (849)5/25/2006 11:13:52 AM
From: Jim Oravetz  Read Replies (1) of 912
 
ARM Figurehead Saxby to Retire
Staff Reporter -- 5/24/2006
Electronics Weekly


ARM has announced that chairman Sir Robin Saxby is to retire from the board in October.

Sir Robin, who has been at ARM since its earliest days in the 1990s, will be succeeded as chairman by Doug Dunn, who has been on the ARM Board since 1998 as an independent non-executive director.

“In Robin’s 15 years at ARM, as a founder, chief executive and as chairman, we have earned a reputation as one of the world’s most respected technology companies and become a global leader in semiconductor intellectual property,” said Warren East, ARM chief executive.

According to East, Dunn was an easy choice as the new chairman. “He is familiar with the company, its products and the industry and has been an active member of the board for a number of years," said East.

In October, Saxby will take up the role of president of the Institute of Engineering and Technology (IET). During his year as president of the IET, Sir Robin will remain associated with ARM as chairman emeritus.

“I am delighted to be able to continue to act as an ambassador for ARM globally and hope to encourage young people to take up a role in engineering, science and technology, as well as broadening my own knowledge of other engineering disciplines,” said Saxby.

Dunn was previously CEO of ASM Lithography until his retirement in 2004. He is a non-executive director of STMicroelectronics, Soitec and LG. Philips LCD.

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