ARM, the U.K.-based company whose low-power chip architectures fuel the majority of today's smartphones and tablets, Tuesday said CEO Warren East is retiring.
East will officially step down on July 1, 2013, after 12 years in the CEO role and 19 years at the company. ARM said President Simon Segars will take over the CEO role.
East first joined ARM in 1994, when he was tasked with establishing the company's consulting business before becoming vice president of business operations. After three years, East was tapped as ARM's COO, prior to taking on the CEO role in October 2001.
Under East's direction, ARM's chip architectures have risen to dominance in the mobility market, with major chip manufacturers including Samsung, Texas Instruments and Qualcomm leveraging ARM IP to make low-power processors for smartphones, tablets and other devices.
"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," East said in a statement. "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."
East said he has worked closely with Segars for years and that he is "an excellent choice to lead ARM."
Segars, 45, has been with ARM since 1991 and has held several executive roles including executive vice president of engineering, when he worked on many of the early ARM processors, as well as executive vice president of worldwide sales and executive vice president of business development.
PUBLISHED MARCH 19, 2013