CHIP DESIGNER ARM's CEO Warren East announced on Tuesday that he will step down after 19 years at the company.
East joined ARM in 1994 before becoming CEO in 2001. During his time as head of the company the firm's revenues have soared from £146m to £577m and he has also overseen the company's move into mobile processors, with ARM chip designs now found in many popular smartphones and tablets including the Apple iPhone.
On Tuesday, East announced his retirement at the age of 52, effective 1 July, which will see him succeeded by ARM president Simon Segars.
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."
Simon Segars added, "I am honoured to have been appointed to succeed Warren, who has achieved so much in his time leading the business. Above all, Warren's vision of the ARM business model and commitment to the ARM partnership has been inspirational and has created a tremendous platform for future growth.
"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."
Intel CEO Paul Otellini announced last year that he is also stepping down as head of the company, although his successor has not been announced. µ
Next-gen devices enabled by integrating novel materials on silicon
Plus there's a new way to read comics in town
Find out which six games have most impressed us so far this year
Video shows off upcoming handset in Rose Gold compared to iPhone 6S predecessor