ARM Holdings plc Announces CEO Succession

  ARM Holdings plc Announces CEO Succession

Business Wire

CAMBRIDGE, United Kingdom -- March 19, 2013

ARM Holdings plc [(LSE: ARM); (NASDAQ: ARMH)], the world’s leading
semiconductor intellectual property (IP) supplier, announces today that Chief
Executive Officer Warren East has decided to retire from the company,
effective 1 July 2013, after nearly twelve years as CEO and nineteen
outstanding years at the company. Simon Segars, currently President of ARM,
will become the company’s new CEO.

Warren 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. Warren became ARM’s CEO in
October 2001 and under his leadership ARM has become the foremost designer of
semiconductor IP in the world, providing processor technology for nearly all
mobile phones and many other consumer and industrial electronic devices in use
today.

Simon Segars, 45, joined the Board in January 2005, is President of ARM, and
has operational responsibility for the company’s IP divisions. Simon has been
with ARM since 1991 and has held several executive roles including EVP
Engineering, when he worked on many of the early ARM processors, as well as
EVP Worldwide Sales and EVP Business Development. He has international
leadership experience having held senior positions for ARM in both the UK and
the USA.

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.

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:

Analyst dial-in number: +44 (0) 1452 555566
Conf call ID: 23897329

Contact:

Brunswick
Sarah West/Eilis Murphy, +44 207 404 5959
or
ARM Holdings plc
Ian Thornton/Jonathan Lawton, +44 1628 427800
 
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