SAN FRANCISCO, June 19, 2017 /PRNewswire/ -- Autodesk, Inc.
(NASDAQ: ADSK) today announced that its board of directors has
appointed Andrew Anagnost, current
interim co-chief executive officer and chief marketing officer, as
the company's new president and CEO, effective immediately. He will
also join Autodesk's board of directors.
"The board and I are delighted that Andrew will lead Autodesk
into its next stage of growth," said Crawford W. Beveridge,
chairman of the board of Autodesk. "Andrew has been instrumental in
the development and execution of Autodesk's successful business
model transition, and with his leadership, we are confident that
our move to the cloud and subscription will continue to be
successful."
Anagnost, who holds a PhD in Aeronautical Engineering and
Computer Science from Stanford
University, began his career at Lockheed Aeronautical
Systems Company and as an NRC fellow at NASA Ames Research Center.
After joining Autodesk in 1997, he held various technical and
strategic roles.
He led engineering for Autodesk Inventor, the company's 3D
model-based product design and engineering tool, growing revenue
five-fold during his tenure. As senior vice president of
business strategy and marketing, he led the company's successful
transition to a subscription business model, and drove adoption of
Autodesk's cloud technologies. For more on Anagnost's background
and a full bio, visit http://autode.sk/anagnost.
"This is an exciting time for Autodesk, and I am thrilled
to be taking on the CEO role," said Anagnost. "Autodesk transformed
the design industry by bringing CAD to the PC 35 years ago, and in
the last 10 years became the clear technology leader. We were first
to bring design to the cloud and mobile, and now we're
bringing construction and manufacturing to the cloud as
well. I can't wait to lead Autodesk into our next phase of
growth, where we will combine business and product innovation to
become an even more customer-focused company."
Anagnost's appointment follows the February 2017 resignation of the company's former
president and CEO, Carl Bass, and a
comprehensive search process conducted by the board over the last
four months.
"I have worked closely with Andrew over the past 20 years, and I
know he will be a great leader for Autodesk," said Bass, Autodesk
board director. "His contributions and dedication to the company,
our employees, and customers have been immeasurable. I look forward
to working with him from my seat on the board and can't wait to see
where he takes Autodesk in the future."
Autodesk also announced that Amar
Hanspal, senior vice president, chief product officer and
interim co-CEO, has decided to leave the company. Anagnost
commented, "I want to thank Amar for his many important
contributions to Autodesk's culture and product line over his 30
years with the company. He is a great colleague and friend, and he
will be missed."
About Autodesk
Autodesk makes software for people who
make things. If you've ever driven a high-performance car, admired
a towering skyscraper, used a smartphone, or watched a great film,
chances are you've experienced what millions of Autodesk customers
are doing with our software. Autodesk gives you the power to make
anything. For more information visit autodesk.com or follow
@autodesk.
Safe Harbor Statement
This press
release contains forward-looking statements that involve risks and
uncertainties, including statements about our ability to
successfully continue to transition to the cloud and subscription.
You can identify forward-looking statements by the fact that they
do not relate strictly to historical or current facts. There are a
significant number of factors that could cause actual results to
differ materially from statements made in this press release,
including: failure to achieve our revenue and profitability
objectives; failure to successfully manage transitions to business
models and markets; general market, political, economic and
business conditions; failure to control our expenses; our
performance in particular geographies, including emerging
economies; weak or negative growth in the industries we serve; the
financial and business condition of our reseller and distribution
channels; dependence on and the timing of large transactions;
failure to achieve sufficient sell-through in our channels for new
or existing products; pricing pressure; unexpected fluctuations in
our tax rate; and changes in the timing of product releases and
retirements.
Further information on potential factors that could affect
the financial results of Autodesk are included in Autodesk's Annual
Report on Form 10-K for the fiscal year ended January 31, 2017 and Quarterly Report on Form
10-Q for the fiscal quarter ended April 30,
2017, which are on file with the U.S. Securities and
Exchange Commission. Autodesk disclaims any obligation to update
the forward-looking statements provided to reflect events that
occur or circumstances that exist after the date on which they were
made.
Autodesk is a registered trademark of Autodesk, Inc.,
and/or its subsidiaries and/or affiliates in the USA and/or other countries. All other brand
names, product names or trademarks belong to their respective
holders. Autodesk reserves the right to alter product and services
offerings, and specifications and pricing at any time without
notice, and is not responsible for typographical or graphical
errors that may appear in this document.
© 2017 Autodesk, Inc. All rights reserved.
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SOURCE Autodesk, Inc.