Foreign media reported that Arm, a chip design company owned by SoftBank Group, announced the appointment of Jason Child as a chief financial officer (CFO).
Jason Child will join Arm on Nov. 2, 2022, to lead the company’s global finance and IT organization and report to Rene Haas, the company’s chief executive officer (CEO). He will succeed current CFO Inder Singh, who will continue in an advisory role at Arm.
▼ Jason Child
Jason is a seasoned global financial and technology leader whose extensive experience in public company financial management and IPO execution will be invaluable in preparing for a potential public offering, Haas said.
SoftBank Group reportedly acquired Arm in 2016 for $32 billion, a deal that was SoftBank’s largest acquisition deal ever at the time.
On September 13, 2020, SoftBank Group announced that it would sell Arm to Nvidia in a deal valued at $40 billion. However, the deal ended in failure due to significant regulatory challenges and opposition from competitors.
Arm’s appointment of a new CFO comes as the company prepares for a public offering. The company’s IPO plans follow a failed sale to Nvidia earlier this year.
In June, people familiar with the matter revealed that SoftBank intended for Arm to go public in both the U.K. and U.S. But in July, foreign media reported that SoftBank was suspending its plans to list Arm in London and might consider a U.S.-only listing due to turmoil in the British government.
