British Chip Designer Arm Ropes In Splunk's Jason Child As Finance Chief

Softbank Group Corp SFTBY owned British chipmaker Arm Ltd appointed Splunk Inc's SPLK Jason Child as its new CFO.
Child, who will join Arm on November 2, 2022, will replace current CFO, Inder Singh.
Masayoshi Son, the founder, and CEO of SoftBank, were most likely to list Arm on Nasdaq amid requests to list the company in London.
Also Read: SoftBank Founder To Discuss Arm Partnership With Samsung
Softbank opted for the Arm IPO after Nvidia Corp NVDA deal collapsed amid fierce opposition from regulators and customers.
On Monday, Splunk issued a statement that Child is stepping down as its finance chief. He will remain with Splunk until early November.
Splunk reaffirmed its outlook for the third quarter and full-year fiscal 2023.
Splunk's total Q3 revenues will likely be $835 million - $855 million. Total FY23 revenues will likely be between $3.35 billion - $3.4 billion.
Price Action: SPLK shares closed lower by 2.04% at $79.38 on Monday.