ARC International Plc
ARC International plc Appoints New Chief Financial Officer
ARC International (LSE:ARK), the world leader in configurable CPU/DSP processor
cores and application subsystems, today announced the appointment of Vic Young
to the position of Senior Vice President and Chief Financial Officer. Reporting
to the president and CEO, Mr. Young is responsible for overseeing ARC's
administrative and financial activities, where he will help grow revenue from
the company's configurable core and subsystem products, assist with mergers and
acquisition (M&A) strategy and liaise with international investors and financial
analysts.
Mr. Young has over 35 years of corporate accounting and management experience
with technology companies such as Selectica, Mobilitech and BOPS. His industry
experience includes service as a partner with PricewaterhouseCoopers, where Mr.
Young established the company's Coopers & Lybrand practice in Taiwan, a partner
with the Asian-based venture capital firm W I Harper Group, and as advisor to
numerous multinational manufacturing, telecommunications and service
corporations.
"The board and I are pleased to welcome Vic to ARC International," said Carl
Schlachte, president and CEO. "Vic has extensive experience in Asia, and an
excellent track record of helping manage international financial organizations
for growing semiconductor companies. His skills come at an important time for
ARC as the company is benefiting from the rapid adoption of configurability,
which is widely considered to be the SoC design methodology for the 21st
century."
"ARC is one of the fastest growing semiconductor IP companies in the industry,
and I am pleased to become part of the management team that is guiding the
company's success," Young commented.
About ARC International
ARC International is the world leader in low-power, high-performance 32-bit
configurable CPU/DSP processor cores, subsystems, real-time operating systems
and development tools for embedded system design. ARC's patented configurable
CPU technology assists customers in the development of next generation digital
media, consumer and communications devices, resulting in lower cost, higher
performance SoC products.
ARC International maintains a worldwide presence with corporate offices in San
Jose, California, USA and Elstree, UK. The company has research and development
offices located in England and the United States. For more information please
visit the ARC website at: www.ARC.com. ARC International is listed on the London
Stock Exchange as ARC International plc (LSE:ARK).
ARC, the ARC logo and ARC-Based are trademarks or registered trademarks of ARC
International. All other brands or product names contained herein are the
property of their respective owners.
This press release may contain certain "forward-looking statements" that involve
risks and uncertainties. For factors that could cause actual results to differ,
visit the company's Website as well as the listing particulars filed with the
United Kingdom Listing Authority and the Registrar of Companies in England and
Wales.
CONTACT: ARC International
Lee Garvin Flanagin, 408-437-3433 (Media)
or
Tulchan Communications Group
Julie Foster or Tim Lynch, +44 207 353 4200 (Analysts)
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