ARM appoints Simon Segars as CEO

ARM Holdings, the world's leading semiconductor intellectual property (IP) supplier has announced Simon Segars as the new CEO.

Simon Segars, currently president of ARM and has operational responsibility for the company's IP divisions. He has been with ARM since 1991 and has held several executive roles including EVP Engineering, when he worked on many of the early ARM processors, as well as EVP Worldwide Sales and EVP Business Development. He has international leadership experience having held senior positions for ARM in both the UK and the USA.

The existing CEO Warren East has decided to retire from the company, effective 1 July 2013, after nearly twelve years as CEO and 19 outstanding years at the company.

Warren East joined ARM in 1994 to establish the company's consulting business and later became VP of business operations. Within three years he was appointed to the Board as chief operating officer. Warren became ARM's CEO in October 2001 and under his leadership ARM has become the foremost designer of semiconductor IP in the world, providing processor technology for nearly all mobile phones and many other consumer and industrial electronic devices in use today.

John Buchanan, chairman of ARM Holdings said, "Warren has transformed ARM during his time as CEO. 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."

The Board is delighted to have someone of Simon Segars' experience and calibre within ARM to appoint to the role of CEO. Following an extensive review of candidates worldwide, Simon's proven technology expertise and management skills across a range of senior executive roles make him an
excellent CEO candidate and highly qualified to take the company forward added Buchanan.

Simon Segars said "I am keen to lead the company into the next phase of growth, working even more closely with John, the Board, our employees and our customers as well as continuing to develop the ARM partnership."