Cambridge superchip company ARM has announced that chief financial officer, Tim Score is leaving in May 2015 after 13 years in the role.
Since joining ARM, Score has been an integral part of the leadership team responsible for growing ARM's revenues, profits and returns to shareholders over a sustained period.
CEO, Simon Segars said, "Tim has been, and continues to be an excellent CFO. He has played a major role in the ARM management team for the last 12 years and it has been a pleasure to work alongside him. I am pleased that he will remain in the company for the next twelve months so that we can identify his successor and ensure a seamless handover."
ARM has announced that search consultants will be appointed shortly and the announcement of Shore's successor will be made in due course.
The UK business reported this week with its Q1 results that its chips were being built into next generation products for an increasing number of global technology innovators.