ARM president stepping down next year

Another major leader in the tech world is planning to step down.

ARM president and co-founder, Tudor Brown, has announced that he will not seek re-election to the company's board next May.

At that point, Brown also plans to retire from the microchip company at the annual shareholders meeting on May 3, 2012.

And unlike some other noteworthy departures that have taken place in the tech world in the last few months, this announcement seems much quieter and calmer than the rest.

According to The Wall Street Journal, Brown said he is "very proud to have been so closely involved in building ARM to be the highly successful and respected company that it is today." Brown also told the WSJ that ARM is in a "very strong position and I look forward to watching it grow further in the future."

Based in Cambridge, U.K., ARM was founded in 1990, and the company introduced its first embeddable RISC core, the ARM6 solution, in 1991. Over 15 billion ARM based chips have shipped to date, with approximately 600 processor licenses sold to over 200 companies.

Before he helped co-found ARM, Brown served at Acorn Computers. Since then he has served on ARM's board since 2001 and was appointed as president in 2008. Tudor has certainly made his mark on ARM and provides a lengthy resume at the company as his other previous roles included chief technology officer and chief operating officer, among others.

The WSJ also points out that with Brown leaving, only four of ARM's 12 co-founders will still be at the company, which really could be considered remarkable as many founders of tech companies actually do leave and work on something else after a couple years.

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