Arm appointed Karen Dykstra, former Chief Financial and Administrative Officer of AOL and Jeff Sine, Co-Founder and Partner of The Raine Group to its board, effective immediately. These leaders bring expertise to Arm as the company prepares for a potential public listing.
Arm also announced the appointment of Jason Child as CFO. Child has over 30 years of experience in leadership at high growth companies and scaling finance functions. Child will join Arm on Nov 2, 2022 and lead the company’s finance and IT firms, reporting to Haas.
What do the appointees bring to Arm in their new roles?
Ms. Dykstra previously served as Chief Financial and Administrative Officer of AOL, a web portal and online service provider. She was also a Partner at Plainfield Asset Management, and served as COO and CFO of Plainfield Direct, Plainfield’s business development company.
Karen Dykstra previously spent over 25 years with Automatic Data Processing (ADP), a provider of human capital management solutions to employers, serving most recently as Chief Financial Officer. Ms. Dykstra is currently a director on the boards of VMware and Gartner, and has also served on the boards of Boston Properties, Crane and AOL.
Jason Child’s career spans more than 30 years across all aspects of global finance and strategy, accounting, capital markets/treasury, IPO execution and investor relations. Jason has extensive experience in scaling disruptive technologies within enterprise software/SaaS, e-commerce, local commerce, consumer hardware/IOT, and online residential real estate.
Child most served as SVP and CFO at Splunk from 2019. Prior to Splunk, Child held multiple CFO positions including at Groupon, which he helped to take public in 2011 and as CFO at Amazon. Jason spent more than 11 years leading various global finance teams at Amazon.
Jason has served as a member of the board of directors of Coupang, Inc., an e-commerce company. He holds B.A. from the Foster School of Business at the University of Washington, where he currently serves on the Global Advisory Board. “Since its founding, Arm has had an incredible history of leadership in the semi-conductor industry. Arm is a world-class, category leader and I am thrilled to join as CFO during this exciting time for the company,” said Child.
Mr. Sine is the Co-Founder and Partner of The Raine Group, a global merchant bank focused on tech, media and communications. He also served as Vice Chairman and Global Head of Technology, Media & Telecom Investment Banking at UBS Investment Bank, was a MD at Morgan Stanley and was an attorney at Sullivan & Cromwell in New York and London.
Mr. Sine also serves on the boards of many Raine portfolio companies and subsidiaries. He also serves on the boards of National Public Radio (NPR) (Vice-Chair), ITHAKA, Educational Testing Service (ETS) (Chair), American University and The Manhattan Theatre Club.
What were the executive’s thoughts on the appointments?
Arm CEO Rene Haas said: “I extend a warm welcome to Karen and Jeff, both exceptional business leaders who will bring a depth and breadth of experience to the Arm Board.”
Haas added, “Jason is an experienced leader in global finance and technology. His extensive experience in financial management at public companies and IPO execution will be invaluable in preparation for a potential public listing. I look forward to working with him as part of the Arm leadership team as we continue to define the future of computing, built on Arm.”
Child will replace current CFO Inder Singh who will remain at Arm in an advisory role and assist in the transition through November before moving to a new opportunity. Haas said, “I’d like to thank Inder for his contributions and leadership over these past few years.”
“He has helped the company navigate many changes since joining in 2019, including building a strong organization with upgraded systems and processes in the finance, IT and cybersecurity teams. We wish him all the best moving forward,” Haas further commented.