Synopsys Appoints Rival’s CEO to Steer Through Crisis

Following a devastating 35% single-day stock plunge, disappointing quarterly results, and a surge of investor lawsuits, the management at Synopsys is taking decisive action. The software giant for chip design has made a dramatic move by recruiting a new chief revenue officer directly from its key competitor, Siemens EDA. The critical question now is whether Mike Ellow can successfully navigate the company back to calmer waters.

Effective immediately, Mike Ellow assumes the newly created role of Chief Revenue Officer at Synopsys. He brings more than three decades of industry experience, including his tenure as CEO of Siemens EDA and prior leadership roles at Cadence Design Systems. Ellow will report directly to Read more...