In late September, the British holding Arm appointed a new CFO and added two members to the board of directors, which can be taken as a sign of preparation for a public offering, but the changes did not stop there.
The division that developed solutions for the automotive industry has been separated, and there was rotation among the heads of all major divisions.Source image: Getty ImagesAbout this on the pages of the corporate blog said Arm CEO Rene Haas.
According to him, so far the solutions for the automotive industry and the Internet of Things have been developed by one unit, but progress in both areas pushes the company to separate them.
In total, Arm will now have four main areas of activity: automotive, customer (responsible for technology for the consumer market), infrastructure and the Internet of Things.From the previously unified division of automotive solutions and the Internet of Things is Dipti Vachani (Dipti Vachani), he will now oversee the automotive business Arm in the post of senior vice president.
Paul Williamson, who previously headed the customer division, will move to head the IoT business, also taking the position of senior vice president.
The client business will be led by Chris Bergey, who was previously in charge of Arm's infrastructure solutions.
Finally, Mohamed Awad, who held the top IoT position, will head the infrastructure business, also as senior vice president.
According to the CEO, \"the change is critical to our success,\" which is why management sees this shift as the key to Arm's success.
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