ARM chief executive Warren East is stepping down from the position, the semiconductor firm has announced.
East will retire and be replaced by Simon Segars, who now serves as ARM’s president. The executive switch-up will go into effect on 1 July 2013.
East first joined ARM in 1994 to help boost the company’s consulting division. He was appointed CEO in 2001, and since then has helmed the firm’s massive growth, with component deals for Apple’s iPhone and iPad helping to propel ARM architecture to the forefront of the chip market.
Under his leadership, ARM’s sales multiplied from £146 million in 2001 to £577 million in 2012, with profits jumping from £46 million to £263 million. During the same 11-year span, the number of chips based on ARM architecture ballooned from 420 million in 2001 to 8.7 billion last year.
"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,” said ARM chairman John Buchanan.
“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 East.