(Pictured: Warren East, Source: Reuters)
ARM Holdings, the semiconductor and software design company, has announced that its current CEO Warren East will retire on 1 July (release).
East joined the company in 1994 and became CEO in 2001. Over this time the company has come to dominate the smartphones market, providing the designs for the production of chips in the vast majority of the world's smartphones. He will be replaced by Simon Seagars, current President, who has been with the company since 1991.
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.