Cadence Names Lip-Bu Tan CEO - Eric Savitz (Barron's)

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Cadence Names Lip-Bu Tan CEO
Jan 08, 2009 05:08 PM UTC

Eric Savitz (Barron's)

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Via BARRONS.com: Tech Trader Daily - Barron's Online:

Cadence Design Systems (CDNS) finally has a new CEO, and they didnâ€™t have to go far to find him. The company this afternoon named Lip-Bu Tan to the post. Tan had been interim vice chairman, and a member of the interim office of the chief executive, which was created following the departure of former CEO Mike Fister in October. Tan has been on the Cadence board for almost five years.

With the appointment, the other members of the interim office of the CEO go back to their old jobs: Chairman John Shoven keeps his post, Charlie Huang remains chief strategy officer and Kevin Palatnik remains CFO.

Tan also remains chairman of Walden International, a venture firm he founded in 1987.

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