Bailey Fisher assists CyanConnode with NED appointment - 12/04/17❰ Back
ARM executive committee stalwart Pete Hutton has taken a non-executive director role with Cambridge CleanTech company CyanConnode – a global player in narrowband radio mesh networks.
During the period he spent with ARM from 2008 to 2016, revenues grew from £259 million to £1.234 billion, culminating in the acquisition by SoftBank of Japan for £24 bn cash last September.
He brings a wealth of practical experience in the Internet of Things market, as well as strong relationships from C-Suite down with Asian, European and US technology companies.
During his time at ARM, Hutton served on the board of a number of worldwide subsidiaries and was extensively involved in running product groups across the company.
In total, he has over 30 years of business experience and is well versed in building large businesses using the technology licensing and royalty model, not only from his nine years at ARM, but also from 2003 to 2007 when he was senior VP and general manager at semiconductor IP licensing company ARC International.
He has been involved in a wide range of investment and acquisitions, the largest being the Apical acquisition by ARM for $350m. Hutton said: “This is an ideal time for me to join the board of CyanConnode. The company has now secured multiple contracts in both developing and developed markets across the world.
“Based on my experience at ARM, I look forward to adding value in both migrating the business model from hardware/software to technology licence royalties/software as well as building out the portfolio of strategic partnerships.”
John Cronin, executive chairman of Cyan, added: “Pete’s wealth of experience from ARM and within the IoT sector – as well as in system and product design – will provide additional complementary skills to the Cyan board as the business continues to build momentum.
“His strong network of contacts will undoubtedly be of significant value as we continue to build out the commercial opportunity at CyanConnode through Tier 1 strategic partners.”
Dr John Read, who has served on the Cyan board since 2005, and was chairman from 2007 to 2012, will retire from the business and stand down from the board following the AGM in June. Cronin praised him for his outstanding contribution to the development of the business.
This article appears in Business Weekly.