ARM Holdings plc has announced that CEO Simon Segars’ appointment to the SoftBank Group Corp. (SBG) board of directors was formally approved at SBG’s 37th Annual General Meeting of Shareholders in Tokyo.
SBG earlier announced new board candidates to strengthen corporate governance and accelerate growth. Mr. Segars’ appointment comes following SoftBank’s historic 2016 acquisition of ARM for US$32 billion.
“I’m honoured to join the SoftBank Board at this exciting next stage of innovation,” said Segars. “In the same way it transformed mobile computing from chip to cloud and all points in between, ARM shapes the smart, connected world of IOT across a common platform. This is at the heart of the SoftBank vision and I look forward to working with the team to make it a reality.”
More information on SBG’s 37th Annual General Meeting of Shareholders can be found here.