Synopsys names co-CEO to join de Geus

Synopsys names co-CEO to join de Geus

SAN FRANCISCO—EDA and IP vendor Synopsys Inc. Wednesday (May 23) announced the promotion of longtime chief operating officer Chi-Foon Chan to the position of co-CEO, effective immediately.

With the promotion, Chan will formally share responsibility for managing the company with Aart de Geus, who co-founded Synopsys in 1986 and has been the company's CEO since 1992.

Synopsys (Mountain View, Calif.) said the promotion formally recognizes the contributions Chan has made in co-leading Synopsys for more than 10 years.

"Chi-Foon and I have worked successfully as a close-knit team for over a decade to help elevate Synopsys into its present leadership position," de Geus said through a statement.

Chan joined Synopsys in 1990 as vice president of applications and services from NEC Corp. USA, where he was general manager of the microprocessor group. Over the years, he pioneered many aspects of the company including the initiation of Synopsys' IP business, Synopsys said. He was appointed president and chief operating officer in 1998, at which time he also joined the Synopsys board of directors, the company said.

"I am excited about addressing the opportunities that we see ahead for our company," Chan said.

TAG:Chi Foo Chan Aart de Geus Synopsys EDA IP CEO