Synopsys Appoints Sassine Ghazi as President and Chief Operating Officer; Chi-Foon Chan to step down as co-CEO

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MOUNTAIN VIEW, CALIFORNIA., September 13, 2021 / PRNewswire / – Synopsys, Inc. (Nasdaq: SNPS) announced today that as part of its continued evolution and development, Sassine Ghazi was appointed President and Chief Operating Officer, effective November 1, 2021. Chi-foon chan will step down as Co-CEO in the first half of FY2022, after which he will continue to support the long-term success of the company in a new role.

Since becoming COO in August 2020, Ghazi has had a significant impact on the business, strengthening its EDA and IP strategy and portfolio, expanding collaborations with clients, strengthening a strong management team and providing leadership in the field. exceptional company.

“During his 23 years at Synopsys in technical, commercial, general management and corporate management positions, Sassine has always brought a mindset, skills and perseverance to make Synopsys a stronger company. and better, ”said Geus art, president and co-CEO. “He is a motivating and impactful leader, and we look forward to expanding his impact across the company as we build on our current momentum and further strengthen our very strong position.”

Ghazi joined Synopsys in 1998 and brings decades of experience in chip design, application engineering, customer support, sales and business management. Prior to becoming COO, he was Managing Director of the Synopsys Design Group, where he accelerated the development of new products that change the market and accelerate the company’s revenue growth. Before Synopsys, he worked as a design engineer at Intel. He holds a bachelor’s degree in business administration and electrical engineering and a master of science in electrical and computer engineering.

“I am both honored and delighted to assume the expanded role of President and Chief Operating Officer of Synopsys,” said Sassine Ghazi. “The strategy we have implemented over the past few years has led to a stronger solution portfolio than ever before, at a critical time when customer challenges are increasing dramatically. I look forward to working with the team to continue to size the business for $ 5 billion in revenue and beyond. ”

Chan was appointed co-CEO in 2012, having served as president and chief operating officer for 14 years. During his tenure he was a key driver of corporate strategy, strong customer and ecosystem relationships, and excellent operational execution.

“From her first day at Synopsys, Chi-Foon has had a profound impact on building and growing our business into what it is today. as the integrity of intellectual property and software, or model values ​​and dedication to our employees, Chi-Foon’s impact is visible in everything Synopsys stands for, ”said Geus art. “Personally, for over three decades Chi-Foon has been a close partner and confidant, resulting in the unique sharing of the role of Co-CEO. I look forward to working closely with Chi-Foon and Sassine as we strategize for the next phase. by Synopsys. “

“It has been an honor to serve as President of Synopsys for the past 23 years,” said Chi-foon chan. “As we build on the tremendous strength of Synopsys today and move the business into its next phase of growth and value, I am confident in Sassine’s success in leading the business towards even higher peaks. “

About Synopsys

Synopsys, Inc. (Nasdaq: SNPS) is the Silicon to Software â„¢ partner for innovative companies developing the electronics and software applications we rely on every day. As a S&P 500 company, Synopsys has long been a global leader in electronic design automation (EDA) and semiconductor intellectual property and offers the broadest portfolio of testing tools and services. sector application security. Whether you are a system-on-a-chip (SoC) designer creating advanced semiconductors or a software developer writing more secure, high-quality code, Synopsys has the solutions to deliver innovative products. Learn more about www.synopsys.com.

Safe Harbor for forward-looking statements

This press release contains forward-looking statements, including statements relating to Synopsys’ business and financial objectives, such as revenue growth, scaling of business transition and management plans. Forward-looking statements are subject to known and unknown risks and uncertainties which may cause actual results to differ materially from those expressed or implied. These risks and uncertainties include, without limitation, the risks set out in the risk factors section of the latest quarterly report filed by Synopsys on Form 10-Q. Synopsys assumes no obligation to update any forward-looking statements contained in this press release.

Editorial contact:

Simone Souza
Synopsys, Inc.
650-584-6454
[email protected]

Investor contact:

Lisa L. Ewbank
Synopsys, Inc.
650-584-1901
[email protected]

SOURCE Synopsys, Inc.

Related links

http://www.synopsys.com

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