British semiconductor and software design company, Arm Ltd that primarily deals with the design of ARM processors has announced to onboard Splunk Inc's top executive Jason Child as its new chief financial officer, as the chip designer prepares for a public listing.
The new crucial appointment comes just ahead of the company's plan to go public. Masayoshi Son, the founder and chief executive officer of Soft Bank Group Corp, said in June the conglomerate was most likely to list Arm on Nasdaq and that there were requests to list the company in London.
Child, who stepped down as software maker Splunk Inc's finance chief on Monday, will succeed Inder Singh and join the company on Nov. 2 this year, Arm said.
Child's experience in financial management at public companies and initial public offering (IPO) execution will be invaluable in preparation for a potential public listing, Arm Chief Executive Officer Rene Haas said in a statement.
The plans for an Arm IPO come after its sale to Nvidia Corp collapsed earlier this year. The Cambridge-based firm was listed in Britain with a secondary listing in the United States prior to its acquisition by SoftBank in 2016 for $32 billion.