ARM says CEO to step down, group president to take helm

LONDON, March 19 Tue Mar 19, 2013 3:23am EDT

LONDON, March 19 (Reuters) - The chief executive of British chip designer ARM Holdings Warren East is retiring after nearly twelve years in the role, the company said on Tuesday.

He will step down on July 1, making way for new CEO Simon Seagars, the current group president, who has been at ARM since 1991.

The British firm has seen strong share performance in recent years, on buoyant demand for its processors, used in smartphones and tablets.

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