LONDON Sir Robin Saxby, founding chief executive officer of processor technology licensing company ARM Holdings plc and currently chairman, is to retire from the board of directors of the company. He is to be succeeded by semiconductor industry veteran Doug Dunn.
Saxby, who was knighted for his services to the U.K. electronics industry, is due to retire from the board on Oct. 1, 2006, when he takes up the role of President of the U.K. professional body for engineers, the Institute of Engineering and Technology (IET). During his year as President of the IET, Saxby will remain associated with ARM (Cambridge, England) as Chairman Emeritus.
Dunn was president and chief executive officer of ASM Lithography Holding NV until his retirement in December 2004. Prior to that Dunn held senior positions at Royal Philips Electronics including being in charge of the semiconductor division and prior to that was chief executive of GEC Plessey Semiconductors Ltd.
Dunn, aged 61, joined the ARM board December 1998 as an independent non-executive director and he currently holds non-executive directorships at STMicroelectronics NV, Soitec SA and LG. Philips LCD Co. Ltd.
Commenting on the announcement in a statement, Warren East, chief executive officer of ARM, said: “In Robin’s fifteen 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. On behalf of the board, I would like to thank him for all he has done for our company. Doug is very well-qualified to succeed Robin as 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.”
Saxby, added: “Throughout my life I have been passionate about the importance of creating value for stakeholders from technology and I am looking forward to continuing my relationship with ARM as Chairman Emeritus during my year as President of the IET. ARM and the IET has maintained close links over the years, and 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.”