“Warren East, who led ARM Holdings from start-up to near monopoly designer of smartphone chips, with its processors at the heart of Apple’s iPhone and Samsung’s Galaxy, is to step down as chief executive after 12 years,” Rosalba O’Brien reports for Reuters.
“Current group president Simon Segars will replace 51-year-old East from July, the British company said on Tuesday,” O’Brien reports. “East, who trained as an engineer, said it was time to move on but gave few clues on why he was leaving.”
O’Brien reports, “In Cambridge, ARM has been at the heart of the so-called ‘Silicon Fen’, a cluster of high-tech firms at the southern tip of the English Fenland, about an hour’s drive north of London. Founded in 1990, ARM now employs 2,300 people, with 2013 revenues forecast at around $1.03 billion. ‘We’ve built a global company based here in the UK, proving it can be done in technology, and I intend to do a bit more of that,’ said East, who eschews the casual clothes and colourful style of California’s Silicon Valley in favour of smart suits and a sober manner. He said it was too early to talk about his next move, but that another executive role was unlikely in the short term.”
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