Cadence appoints imec CEO Luc Van den hove to board effective Jan 1, 2026

CADENCE DESIGN SYSTEMS INC

Appointment effective Jan 1, 2026; Van den hove receives equity grant of $82,849 vesting by May 8, 2026 or annual meeting.
Van den hove has been imec CEO since 2009 and will continue through March 31, 2026, then become imec board chair.
Board chair ML Krakauer cited Van den hove's AI and semiconductor expertise as key to Cadence's strategy.
Van den hove holds a PhD in electrical engineering from KU Leuven and also serves as a director of Proximus plc.
Cash compensation consistent with other non-employee board members as described in 2025 proxy statement.

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