ARM Holdings Witnesses CEO Succession
ARM Holdings’ CEO Warren East, 51, has decided to retire, after nearly twelve years as CEO and nineteen outstanding years at the company. Simon Segars, 45, 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 COO. Warren became ARM's CEO in 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 network devices and storage, with many other consumer and industrial electronic devices.
GE Board Nominates Former SEC Chair to Board
General Electric has nominated Mary Schapiro, 57, former chairman of the U.S. Securities and Exchange Commission (SEC), as a GE director. Prior to becoming SEC chairman, Schapiro served as CEO of the Financial Industry Regulatory Authority (FINRA), president, vice-chair and chair of the National Association of Securities Dealers (NASD) Regulation. She served as a commissioner of the SEC before that, and left the SEC when appointed chairman of the CFTC.