Arm announces new board members and a new chief financial officer
Arm today announced the appointment of new board members Karen Dykstra, former Chief Financial Officer and Managing Director of AOL, and Jeff Sine, co-founder and partner of Raine Group, effective immediately. These highly qualified executives bring a wide range of expertise to Arm as the company prepares for a potential IPO.
Arm’s Chief Executive Officer Rene Haas said, “I would like to extend a warm welcome to Karen and Jeff, business leaders who will bring depth and breadth of experience to Arm’s Board of Directors.”
Arm also announced today the appointment of Jason Child as Chief Financial Officer. Child has more than 30 years of experience leading high-growth companies and scaling global finance functions. Child will join Arm on November 2, 2022 and lead the company’s global finance and IT organizations, reporting to Haas.
Haas added, “Jason is an experienced leader in global finance and technology. His extensive experience in public company financial management and initial public offering (IPO) implementation will be invaluable in preparing for a potential public offering. I look forward to working with him as part of Arm’s leadership team as we continue to define the future of computing, built on Arm.”
Child will replace current CFO Inder Singh, who will remain at Arm in an advisory role and assist with the transition until November before moving on to a new opportunity.
Haas said: “I would like to thank Inder for their contributions and leadership over the past few years. He has helped the company navigate many opportunities since joining in 2019, including building a strong company with modern systems and processes across the finance, IT and cybersecurity teams. We wish him the best as he moves forward.”
Child most recently served as Splunk’s vice president and CFO since 2019. Prior to Splunk, Child held various CFO positions, including Groupon, which he helped take public in 2011, and as CFO at Amazon International.
“Since its inception, Arm has had an incredible history of innovation and leadership in the semiconductor industry,” said Child. “Arm is a world-class category leader and I am very excited to join as Chief Financial Officer at this exciting time for the company.”
About Karen Dykstra
Dykstra previously served as chief financial and administrative officer of AOL, a web portal and online services provider. Prior to AOL, she was a partner at Plainfield Asset Management and was the chief operating officer and chief financial officer of Plainfield Direct, Plainfield’s business development company. She previously spent more than 25 years with Automatic Data Processing (ADP), a provider of human capital management solutions for employers, most recently serving as Chief Financial Officer. Dykstra currently serves on the boards of VMware and Gartner, and has also served on the boards of Boston Properties, Crane, and AOL.
About Jeff Sine
Jeff Sine is a co-founder and partner of The Raine Group, a global merchant bank focused on technology, media and communications. Prior to founding Raine, he was vice president and global head of technology, media and telecommunications investment banking at UBS, a managing director at Morgan Stanley, and an attorney at Sullivan & Cromwell in New York and London. Sine currently sits on the boards of many of Raine’s portfolio companies and subsidiaries. He is also a board member of National Public Radio (NPR) (Vice Chairman), ITHAKA, Educational Testing Service (ETS) (Chairman), American University and The Manhattan Theater Club.
About Jason Child
Jason Child’s career spans 30 years in all aspects of finance and global strategy, accounting, capital markets/treasury, IPO execution and investor relations. He has extensive experience in scaling disruptive technologies in enterprise software/SaaS, e-commerce (e-commerce), local commerce, consumer hardware/IOT and online residential real estate. Most recently, he served as senior vice president and chief financial officer at Splunk, a technology company specializing in application management, security and compliance, as well as business and web analytics. Prior to his executive leadership role, Jason spent over 11 years leading various global finance teams at Amazon, and served as Chief Financial Officer of Amazon International. Jason has been a member of the board of directors of Coupang, Inc., an e-commerce company, since April 2022. He graduated from the Foster School of Business at the University of Washington, where he currently serves on the global advisory board.
O Arm
Arm’s technology defines the future of computing. Our energy-efficient processor designs and software platforms have enabled advanced computing on more than 230 billion chips, and our technologies safely power products from sensors to smartphones to supercomputers. Together with more than 1,000 technology partners, we enable artificial intelligence to work everywhere, and in cybersecurity we provide the foundation for trust in the digital world – from the chip to the cloud. The future is being built in Arm.
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Source: BUSINESS WIRE
