Shulou(Shulou.com)11/24 Report--

On September 27, according to foreign media reports, on Monday local time, Arm, a chip design company owned by SoftBank Group, announced the appointment of Jason Child as Chief Financial Officer (CFO).

Child will join Arm on November 2, 2022, leading the company's global finance and IT organization and reporting to the company's CEO, Rene Haas. He will succeed current CFO Inder Singh, who will continue in an advisory role at Arm.

▼ Jason Child

Jason is an experienced global financial and technology leader whose extensive experience in public company financial management and IPO execution is invaluable in preparing for a potential public offering, Haas said.

SoftBank acquired Arm for $32 billion in 2016, the largest acquisition SoftBank had ever made at the time.

On September 13,2020, SoftBank Group announced that it would sell Arm to Nvidia for $40 billion. However, the deal fell through due to significant regulatory challenges and opposition from competitors.

Arm's appointment of a new CFO comes as the company prepares to go public. The company's IPO plan was proposed after a failed deal to sell to Nvidia earlier this year.

In June, people familiar with the matter revealed that SoftBank intended to list Arm in both the UK and the US. However, in July this year, foreign media reported that due to the turmoil in the British government, SoftBank suspended its plan to list Arm in London and may consider listing only in the United States.

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