John Buchanan, Chairman of ARM Holdings plc, said, “Warren has transformed ARM during his time as CEO. In 2001 ARM had one processor product line found mainly in mobile phones. Now ARM provides the broadest portfolio of technologies in the industry, used by more than 300 semiconductor customers in nearly 9 billion chips last year. 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. The Board looks forward to continuing to work with Simon to build on the strong momentum that has been created over the past years”.
Simon Segars said, “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.”
There are no disclosures to be made under paragraph 9.6.13 (1) to 9.6.13 (6) of the Listing Rules.Analyst Call ARM will be hosting a call for financial analysts at 08:30 GMT on 19 March 2013. Dial in details below: