by Anton Shilov
03/19/2013 | 11:45 PM
ARM Holdings, a leading developer of low-power microprocessor technologies, has 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 outstanding years at the company. Simon Segars, currently president of ARM, will become the company’s new CEO.
Warren East joined ARM in 1994 to establish the company’s consulting business and later became vice president 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 use today.
ARM, whose processing architecture power the vast majority of mobile phones, smartphones and media tablets, is in the midst of a major transition period as it wants to place its chips into servers and personal computers. For ARM, this is a major change, as it requires to company to cease concentrating only on low power consumption with gradual increase of performance, but on leaps in performance while sustaining low power consumption.
"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,” said Warren East.
Simon Segars, who joined the 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.
"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," said Simon Segars.