ARM CEO Warren East steps down
By Nicole Kobie
Posted on 19 Mar 2013 at 10:03
Warren East has stepped down as CEO of ARM, after leading the firm to success in the mobile world.
East has led the British chip designer for 12 years, after joining ARM 19 years ago. He will retire on 1 July, with company president Simon Segars stepping into his vacated role.
East said he was "proud" of what ARM had achieved under his watch, but added it was best for him to depart with the company in a strong position.
"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, saying Segars was an "excellent" successor.
We take a very long-term view about our business, and we believe that now is the right time to bring in new leadership
John Buchanan, ARM's chairman, described the changes at the company over the past decade, saying ARM had a single processor product line in 2001, but now offers "the broadest portfolio of technologies in the industry". ARM's chip designs dominate the tablet and smartphone space, with even Microsoft now supporting ARM processors with Windows RT.
For the full year 2001, ARM posted revenue of £146 million and profit of £50 million; in 2013, it posted revenue of £913 million and profit of £276.5 million.
In the final quarter of 2001, ARM said 420 million chips based on its designs had shipped; in 2013, that had climbed to 2.5 billion.
"During Warren’s tenure the company has received royalties for over 40 billion ARM-based chips," said Buchanan. "As CEO he has created a strong platform for growth and consistently created value for shareholders even in a challenging external environment."
East started at the firm in 1994, joining the board as COO within three years. Segars has worked for ARM since 1991, and previously run the engineering and IP departments.
East's resignation comes at an intriguing time, with Intel due to announce a successor to its outgoing CEO Paul Otellini.
Is your business a social business? For helpful info and tips visit our hub.
- How to turn off Google Location Tracking
- 20 years of PC Pro: our greatest review mistakes
- 20 years of PC Pro: our first A-List
- Wikipedia's "right to be forgotten" protest hits the wrong note
- 3D printing hits the high street for plastic selfies
- 20 years of PC Pro: What amazed us in our first issue
- How Google Glass ruined my lunch hour
- Smartphone battery packs: can a USB power pack beat the festival battery blues?
- Windows Easy Transfer – not so "easy" in Windows 8.1
- Formula 1: what a difference virtualisation makes
- How to sell more ebooks on Amazon
- 10 ways to make your business more secure
- Top five VoIP mistakes
- How to add in-app purchasing to an iPhone, Android or Windows app
- Remote-control ransomware: TeamViewer and software hardball
- Why laptops with serial ports matter to the Internet of Things
- Make your mobile battery last longer
- Small steps into handling Big Data
- Nexus 5: does it really run stock Android?
- How to get broadband to a garden office