ARM Holdings CEO, Warren East, is to retire on 1st July 2013 after 19 years with the company.
East, who joined ARM in 1994, took over as CEO in 2001 and has gone on to lead the company through its recent impressive growth period that has seen the company's share price rise from around 100p to just shy of 1,000p.
“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,"
said ARM Chairman, John Buchanan.
“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.”
Taking over from East will be Simon Segars, who is currently the company’s president. Segars has been with the company even longer than East, having started in 1991, just before Apple used the ARM6 design in its Newton PDA. Also, like East, Segars trained as an engineer and has since moved into the sales and business development side of the business.
Both men are largely seen as having been instrumental in turning ARM from a small Acorn Computers spinoff into a company that last year saw the sale of 9 billion chips based on its designs.
Talking of his new appointment, Segars said: "I am honored 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 [Buchanan, Chairman ARM], the board, our employees and our customers as well as continuing to develop the ARM partnership."
Chips based on ARM's low-power oriented processor architecture are currently the defacto choice for smartphones and tablets, with customers including Apple, Intel, Qualcomm and Samsung. Indeed its designs power all the current top smartphones - Samsung Galaxy S4
, iPhone 5, HTC One, LG Optimus G and Sony Xperia Z. It's this expansion in the mobile market that is the primary reason for the company's recent huge growth.
However, long time rival, Intel, has recently made inroads into this space with it successfully integrating its own low-power chip solution into a couple of phones that have sold in reasonable numbers, namely the Orange San Diego and the Motorola Razr i.
What do you think, can Segars possibly hope to enjoy such company growth as East?