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Tuesday, March 19, 2013

New CEO for mobile processor business ARM

British-based semiconductor technology business ARM Holdings is preparing for a new CEO. Warren East, who joined the company 19 years ago and has been Chief Executive for almost 12 years, has decided to retire from 1st July 2013. Simon Segars, currently the company’s President, will become the new CEO.

Mr Segars, who joined the ARM Board in 2005, has been with the company since 1991.

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.”

ARM processors are produced under licence by a wide range of technology companies and can currently be found in most mobile phones.

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Author: The Fonecast
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