ANSYS Announces Senior Management Transition in Apache Design Business
February 10 2014 - 4:02PM
ANSYS, Inc. (Nasdaq:ANSS), today announced that Dr. Andrew Yang,
ANSYS Vice President and General Manager, and President of its
Apache Design business, will officially step down from his current
role. Dr. Yang will remain working as part of the ANSYS management
team through August 1, 2014, reporting directly to Walid Abu-Hadba,
Chief Product Officer of ANSYS. In his new role, Dr. Yang will
focus on the leadership transition, working closely with Walid and
other members of the organization to ensure that the Apache team
and business are well positioned to continue their long record of
creating leading-edge technology for our customers and delivering
positive results for our stockholders.
"The Apache Design business, employees and customers have been a
great addition to the ANSYS family since the closing of the
acquisition in August 2011," said Jim Cashman, ANSYS president and
CEO. "The combination of ANSYS and Apache has given us the most
comprehensive electronics engineering simulation software in the
industry. I want to personally thank Andrew for being part of the
ANSYS team for these past several years, and for the contributions
that he individually and the entire Apache team has made, and will
continue to make, towards our success. We wish Andrew the best as
he moves onto his next exciting endeavor," Cashman stated.
"The Apache business is well-positioned to continue its record
of delivering results for our customers and our stockholders," said
Andrew Yang, Apache president. "Working closely with Walid and the
Apache leadership team, we will ensure that we continue to execute
on our strategic plan for the business, and prepare for my
transition out of the day-to-day business of leading Apache. This
has been an incredible experience for me. I wish ANSYS and the team
years of continued growth and success."
About Apache Design, Inc.
Apache Design, an ANSYS subsidiary, enables simulation-driven
integrated circuit and electronic systems design by providing
advanced chip-level power analysis, optimization, and sign-off
solutions. Apache's integrated products and methodologies advance
low-power innovation and address chip-package-system power and
noise challenges. Using Apache's engineering simulation software
early in the design and throughout the process enables the world's
top semiconductor companies to gain a competitive advantage
delivering more power-efficient, high-performance, and noise immune
chips. Apache's products help lower power consumption, increase
operating performance, mitigate design risks, reduce system cost,
and shorten time-to-market for a broad range of end-markets and
applications. Learn more at: http://www.apache-da.com/.
About ANSYS, Inc.
ANSYS brings clarity and insight to customers' most complex
design challenges through fast, accurate and reliable engineering
simulation. Our technology enables organizations ― no matter their
industry ― to predict with confidence that their products will
thrive in the real world. Customers trust our software to help
ensure product integrity and drive business success through
innovation. Founded in 1970, ANSYS employs over 2,500
professionals, many of them experts in engineering fields such as
finite element analysis, computational fluid dynamics, electronics
and electromagnetics, and design optimization. Headquartered south
of Pittsburgh, Pennsylvania, U.S.A., ANSYS has more than 75
strategic sales locations throughout the world with a network of
channel partners in 40+ countries. Visit www.ansys.com for more
information. ANSYS also has a strong presence on the major
social channels. To join the simulation conversation, please
visit: www.ansys.com/Social@ANSYS
ANSS-F
CONTACT: Investors:
Annette Arribas, CTP
724.514.1782
annette.arribas@ansys.com
Media:
Yukari Ohno
(408) 457-2000
yukar.ohno@ansys.com
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