Tuesday, March 19, 2013
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ARM Holdings plc announced today that Chief Executive Officer
Warren East has decided to retire from the company, effective 1
July 2013, after nearly twelve years as CEO and nineteen years at
Simon Segars, currently President of ARM, will become the company?s
Warren East joined ARM in 1994 to establish the company?s
consulting business and later became VP of business operations.
Within three years he was appointed to the Board as Chief Operating
Officer. Warren became ARM?s CEO in October 2001 and under his
leadership ARM has become the foremost designer of semiconductor IP
in the world, providing processor technology for nearly all mobile
phones and many other consumer and industrial electronic devices in
Simon Segars, 45, joined ARM's board in January 2005, is President
of ARM, and has operational responsibility for the company's IP
divisions. Simon has been with ARM since 1991 and has held several
executive roles including EVP Engineering, when he worked on many
of the early ARM processors, as well as EVP Worldwide Sales and EVP
Business Development. He has international leadership experience
having held senior positions for ARM in both the UK and the USA.
Warren East said, "It has been a privilege to lead ARM during such
a momentous and exciting time for our industry and I am proud of
what the ARM team of employees and partners has achieved together
while I have been CEO; ARM is a great company with a strong market
position and a unique culture. We take a very long-term view about
our business, and we believe that now is the right time to bring in
new leadership, to execute on the next phase of growth and to plan
even further into the future. I have worked with Simon in the
senior leadership team for many years and we share a global
perspective and belief in the ARM approach to partnership and
collaboration; he is an excellent choice to lead ARM."
John Buchanan, Chairman of ARM Holdings plc, said, "Warren has
transformed ARM during his time as CEO. In 2001 ARM had one
processor product line found mainly in mobile phones. Now ARM
provides the broadest portfolio of technologies in the industry,
used by more than 300 semiconductor customers in nearly 9 billion
chips last year. During Warren?s tenure the company has received
royalties for over 40 billion ARM-based chips. As CEO he has
created a strong platform for growth and consistently created value
for shareholders even in a challenging external environment. On
behalf of the Board, and the wider ARM team, deep thanks are due to
Warren for his passion, service and leadership."
Simon Segars said, "I am honoured to have been appointed to succeed
Warren, who has achieved so much in his time leading the business.
Above all, Warren?s vision of the ARM business model and commitment
to the ARM partnership has been inspirational and has created a
tremendous platform for future growth. I am keen to lead the
Company into the next phase of growth, working even more closely
with John, the Board, our employees and our customers as well as
continuing to develop the ARM partnership."