IQE taps ARM for finance boss

October 15, 2018 // By Nick Flaherty
Substrate provider IQE in Wales has appointed Tim Pullen as chief financial officer, looking to tap his expertise in from ARM.

Pullen, who has been at the Softbank-owned chip designer for just over a year, will join the IQE board after his current notice period in early 2019. During his time at ARM he has been focused on executing the investment strategy and scaling the company’s finance and business capabilities. IQE is at the heart of the growing compound semiconductor cluster in South Wales.

Prior to ARM in Cambridge, Bristol-educated Pullen was Finance Director at O2 / Telefonica UK, where he held a variety of senior financial positions including responsibility for Technology Operations, B2B and Digital segments and Finance Operations. He was also a Non-Executive Director of Tesco Mobile, O2’s joint venture with Tesco Mobile and was a Director of Cornerstone Telecommunications Infrastructure, O2’s network sharing joint venture with Vodafone. He is currently a director of Stream Technologies and IOT-X.

The move follows the early death of the previous CFO, Phillip Rasmussen. Dr Godfrey Ainsworth, Executive Chairman and interim CFO, has agreed to remain in post to oversee the handover to Pullen.  As previously announced, Dr Ainsworth will retire from the Board on or before the date of the 2019 AGM. Phil Smith, former Chairman of Cisco who joined the board in December 2016, will become Non-executive Chairman on 31 March 2019.

“It is with great pleasure that I welcome Tim to the Board of IQE. Tim has built a successful career leading the finance functions of some of the UK’s leading technology and outsourcing companies. I believe, with Tim’s very relevant sector industry experience, leadership and overall vision for the finance function at IQE, he will continue to build upon the exceptional work achieved by the late Phillip Rasmussen, his predecessor. I would also like to take this opportunity to thank Godfrey for his outstanding support in his role as interim CFO,” said Dr Drew Nelson, Chief Executive Officer of IQE.


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