After nearly two decades as part of one of the world’s most dominant chip firms, ARM’s CEO, Warren East, has announced his retirement, with his replacement, current president Simon Segars, set to take over the CEO position from 1st July.
East has done a good job during his tenure too. During his 12 years as CEO, he’s managed to turn ARM into an international chip designing giant, with its chips ending up in everything from Smartphones, to small form factor PCs and the royalties have just poured in. According to Wired, there’s over 40 billion out there that the company has collected on.
“ARM is a great company with a strong market position and a unique culture,” said East in a closing 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. 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.”
Segars, when he takes over in July, has vowed that there will be no talks of takeovers or buyouts of ARM.
KitGuru Says: It’s good to see a British business doing exceedingly well. ARM has gone from strength to strength in recent years and with the announcement that Nvidia’s Tegra 5 chip – that uses an ARM CPU – could be 100 times more powerful than Tegra 2, that trend doesn’t look likely to end.