Statement re Board Changes
Statement re Board Changes
LONDON--(BUSINESS WIRE)--Sept. 3, 2003--
ARC International PLC
Board Changes
ARC International plc (LSE: ARK), a world leader in configurable
System-On-Chip (SoC) platform technologies, today announces the
appointment of a new Non-executive Chairman, two Non-executive
Directors and the resignation of three Non-executive Directors.
Appointments
The Board of ARC today announces the appointment of Dr. Peter van
Cuylenburg as Non-executive Chairman, replacing Jan Tufvesson who
resigned earlier this year. In addition, Richard Barfield and Dr.
Geoff Bristow will also join the Board as Non-executive Directors
effective 3 September 2003, to sit alongside Jez San who was appointed
to the Board in November 2002. Dr. Geoff Bristow will serve as Senior
Independent Director.
Dr. Peter van Cuylenburg, 55, has had a distinguished career in the hi-tech industry, spanning more than 30 years.
He is currently Executive Chairman of SealedMedia Ltd and Non-executive Chairman of Anadigm Ltd, Transitive
Corporation and Elixent Ltd. He also serves on the Boards of JNI Corporation and QAD Inc., both NASDAQ listed
corporations.
Dr. Geoff Bristow, 49, currently runs a portfolio of privately-held
technology companies in the UK and California. Previous UK public
company positions have included Chief Executive of Wordplex
Information Systems plc, Executive Chairman of Alphameric plc and
Chairman of Future Internet Technologies plc. In California, he was
Chief Operating Officer of Poqet Computer Corp, before its sale to
Fujitsu.
Richard Barfield, 46, is the Chief Executive of Spring Group plc, the
UK's leading IT staffing and technology recruitment company. Prior to
this he held the position of Finance Director of Northgate Information
Solutions plc. He has also occupied senior financial positions with
BellSouth Corporation and SmithKline Beecham.
Departures
In addition, the Board of ARC today announces the resignation of
Dennis Millard as Non-executive Director, following his three-year
term of office. Mike Risman, who joined in March 2000 and Gregorio
Reyes, who joined in August 2000, have also announced their intention
to resign as part of the Board transition process and will leave the
Company on 21 October 2003.
Mike Gulett, Chief Executive of ARC International PLC, said:
"I would like to thank Dennis Millard, Mike Risman and Greg Reyes for
their valuable contribution and commitment to the business over the
last three years, a period which included great change and progress
for the Company as well as its flotation on the London Stock Exchange.
I'd personally like to pass on my thanks and best wishes.
"I am delighted to welcome Peter van Cuylenburg, Richard Barfield and
Geoff Bristow to the Board. They offer a wealth of experience and
knowledge gained from their strong background in the high-technology
industry and I believe they will be an excellent asset to the
business."
Supplementary Information:
Save as set out below, there are no details required to be disclosed
under Rule 16.4 of the Listing Rules of the UK Listing Authority:
|X| Whilst operating as a company rescue executive in 1990 Dr
Geoff Bristow was Chairman of the The Headland Group plc,
when the Board put the company into receivership.
|X| Dr. Peter van Cuylenburg was formerly a Director of Mitel
Corporation, a Toronto quoted company between 1996 and 2001.
Enquiries:
ARC International plc
Mike Gulett, CEO +1 (408) 437 3400
Monica Johnson, CFO +1 (408) 437 3400
Tulchan Communications
Julie Foster, Consultant +44 (0) 20 7353 4200
Short Name: Arc Intl PLC
Category Code: POT
Sequence Number: 00009213
Time of Receipt (offset from UTC): 20030903T115246+0100