Gulett joins ARC as CEO

Michael Gulett is the new Chief Executive Officer of ARC International with effect from 27th December 2001.

Michael Gulett is the new Chief Executive Officer of ARC International with effect from 27th December 2001.

Gulett has over 25 years experience in technology companies.

From 1998 to 2001, he was President and Chief Operating Officer of Virata, which floated on the NASDAQ in 1999.

The company grew substantially during this period increasing annual revenues from approximately $9 million to in excess of $120 million.

Prior to that he was President and Chief Executive Officer of Paradigm Technology, a supplier of SRAM, which went public in 1995.

He has also worked for VLSI Technology, NCR Microelectronics and Intel and graduated with a bachelor degree in Electrical Engineering from the University of Dayton in 1974.

John Stockton, interim Chief Executive Officer and formerly non-executive Chairman of ARC International will leave the company and resign from the board on 31st January 2002.

Jan Tufvesson, Chairman of ARC International, said: "We are delighted that Michael Gulett is joining ARC to lead the company in the next phase of its development.

Michael's experience in the microprocessor industry and of successful leadership of public companies will be a great asset to us in exploiting the potential of our innovative technology.

I am confident that he will build on our established customer base and help drive the Company forward to profitability.

I wish to thank John Stockton for his contribution to ARC over the past two years.

His commitment to the success of the business in the face of unprecedented market conditions is greatly appreciated by the board".

Commenting upon his appointment, Gulett said: "ARC has excellent technology and represents a unique opportunity.

Although market conditions have been difficult I am pleased to be joining ARC now".

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