ARM Holdings CEO to Retire

Warren East, chief executive of ARM Holdings PLC, the microchip designer whose technology powers most smartphones including Apple Inc.’s iPhone, is to step down after presiding over a 12-year period of dramatic growth.

Mr. East, 51 years old, who joined ARM in 1994 when the company was in its infancy, will hand the reins to ARM President Simon Segars on July 1. He said Tuesday it was time for someone with new energy to see the company through its next phase of growth.

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