Cadence names new ceo
Cadence has appointed Lip-Bu Tan as president and chief executive officer. Tan, who was Cadence’s interim vice chairman following the resignation of Mike Fister, was also a member of the interim office of the chief executive.
Dr John Shoven, Cadence chairman, said: “While leading Cadence over the past few months, Tan has been instrumental in refining the company’s strategy, optimising its R&D structure, implementing audit committee recommendations resulting from its investigation of accounting issues, monitoring the completion of the financial restatement and executing on a significant restructuring plan.”
According to Tan: “Cadence is widely recognised for its product leadership, innovation and robust technology portfolio. I am confident that Cadence is solidly positioned to execute on its business strategy to help customers succeed, while improving efficiency and productivity, and investing in areas that enhance our competitive position.”
Now Tan has been appointed ceo, Cadence has been dissolved the interim office of the chief executive and its members will resume their previous positions.
