Arm Appoints New Chairman From Vodafone

Arm has announced the appointment of a new chairman of the board, with the current holder of the position, Doug Dunn, due to retire at the start of next month.

The newcomer is Sir John Buchanan, Deputy Chairman of Vodafone and holder of a number of other posts including Chairman of Smith & Nephew, and Chairman of the International Chamber of Commerce (UK).

Buchanan will take up the position on the 3rd of May at Arm's AGM.

Warren East, CEO of ARM, commented: "I am delighted to welcome John to the ARM Board as Doug's successor and look forward to working closely with him. He has a wealth of international business experience gained through his executive and non-executive roles with a number of leading FTSE100 companies."

"I would also like to take this opportunity of thanking Doug on behalf of the Board for his excellent contribution as a non-executive director and as Chairman and to wish him well for the future."

The outgoing Dunn said: "It has been a pleasure and a privilege to serve as a member of the ARM board since 1998 and as Chairman since 2006. I am very pleased that John has agreed to succeed me as Chairman of ARM when I retire, as planned, in May and to know that I will be leaving with a strong and very able board in place."

Dunn had announced his impending retirement at last year's AGM.

Source: The Inquirer