Synopsys appoints Sassine Ghazi as President and COO; Chi-Foon Chan to step down as co-CEO by April 2022

SYNOPSYS INC

Sassine Ghazi appointed President and COO effective November 1, 2021; previously COO since August 2020.
Chi-Foon Chan to transition from co-CEO role by April 30, 2022 and will continue in new supporting role.
Ghazi has 23 years at Synopsys; former GM of Design Group; aims to scale Synopsys to $5 billion revenue.
Ghazi has no family relationships or material interests in transactions with Synopsys; standard indemnification.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Sassine Ghazi

President and Chief Operating Officer

SNPS · SYNOPSYS INC

Effective: 2021-11-01
Filed: September 13, 2021, 7:59 PM ET

On September 13, 2021, the Board of Directors of Synopsys, Inc. (“ Synopsys ”) appointed Sassine Ghazi, currently Chief Operating Officer of Synopsys, as President and Chief Operating Officer of Synopsys, effective as of November 1, 2021.

Role change

Chi-Foon Chan

co-Chief Executive Officer

SNPS · SYNOPSYS INC

Effective: 2021-11-01
Successor: Sassine Ghazi
Filed: September 13, 2021, 7:59 PM ET

Chi-Foon Chan will transition from his role of President of Synopsys as of November 1, 2021, and will continue as co-Chief Executive Officer until April 30, 2022.

Departed

Chi-Foon Chan

co-Chief Executive Officer

SNPS · SYNOPSYS INC

Effective: 2022-04-30
Filed: September 13, 2021, 7:59 PM ET

Chi-Foon Chan will transition from his role of President of Synopsys as of November 1, 2021, and will continue as co-Chief Executive Officer until April 30, 2022.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Sassine Ghazi was appointed as President and Chief Operating Officer at SYNOPSYS INC.

Action: appointed
Role: President and Chief Operating Officer

Exact text from the filing

On September 13, 2021, the Board of Directors of Synopsys, Inc. (“ Synopsys ”) appointed Sassine Ghazi, currently Chief Operating Officer of Synopsys, as President and Chief Operating Officer of Synopsys, effective as of November 1, 2021.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.9

Chi-Foon Chan changed role as co-Chief Executive Officer at SYNOPSYS INC.

Action: transitioned from President
Role: co-Chief Executive Officer

Exact text from the filing

Chi-Foon Chan will transition from his role of President of Synopsys as of November 1, 2021, and will continue as co-Chief Executive Officer until April 30, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.6

Chi-Foon Chan departed as co-Chief Executive Officer at SYNOPSYS INC.

Action: will continue as co-CEO until
Role: co-Chief Executive Officer

Exact text from the filing

Chi-Foon Chan will transition from his role of President of Synopsys as of November 1, 2021, and will continue as co-Chief Executive Officer until April 30, 2022.

View on SEC.gov

SYNOPSYS INC filing history →

Source: SEC EDGAR

accession 0001193125-21-271490

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