Former Qualcomm and Intel executives join Arm board
Arm announced the appointment of new board members, including Dr. Paul E. Jacobs, chairman and CEO of XCOM Labs and former CEO and executive chairman of Qualcomm Inc., and Rosemary Schooler, former corporate vice president and general manager of Data Center and AI Sales for Intel. Arm said that the two will bring Arm experience in technology development, business strategy, and corporate governance to prepare for its IPO.
By 2018, Paul E. Jacobs no longer served as the company’s executive chairman. Paul E. Jacobs then founded XCOM Labs as Chairman and CEO. In addition, Paul E. Jacobs is also a member of the National Academy of Engineering and the American Academy of Arts and Sciences.
It was previously reported that Arm’s IPO plan suffered yet another setback, planning to postpone it from early 2023 to mid-2023, as management worried that a downturn in the economy and a plunge in technology stocks could scare away potential investors.