ARM ceo Warren East to retire

The company's current president Simon Segars, who has operational responsibility for the ARM's IP divisions, is to take over the role. 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. He became ceo in 2001. "It has been a privilege to lead ARM during such a momentous and exciting time for our industry," East commented. "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." ARM's chairman John Buchanan attributed East with 'transforming' the company during his time at the helm. "During Warren's tenure the company has received royalties for over 40billion ARM based chips," he commented. "The board looks forward to continuing to work with Segars to build on the strong momentum that has been created over the past years."