secwatch / observer
8-K filed August 16, 2023, 7:59 PM ET ticker SNPS CIK 0000883241
leadership confidence high sentiment neutral materiality 0.75

Synopsys CEO Aart de Geus to step down Jan 1, 2024; COO Sassine Ghazi to become CEO

SYNOPSYS INC

Executive movements

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

Appointed

Sassine Ghazi

Director
SNPS · SYNOPSYS INC
Effective
2023-08-13
Filed
August 16, 2023, 7:59 PM ET
On August 13, 2023, the Board also approved an increase in the size of the Board from ten to eleven directors, and appointed Mr. Ghazi as a director, in each case, effective as of August 13, 2023.
Role change

Aart J. de Geus

Executive Chair of the Board
SNPS · SYNOPSYS INC
Effective
2024-01-01
Successor
Sassine Ghazi
Filed
August 16, 2023, 7:59 PM ET
On August 12, 2023, Aart J. de Geus informed the Board of Directors (the “ Board ”) of Synopsys, Inc. (“ Synopsys ”) of his intent to step down as Chief Executive Officer of Synopsys, effective January 1, 2024 (the “ Effective Date ”). In connection therewith, on August 13, 2023, the Board promoted Sassine Ghazi, Synopsys’ President and Chief Operating Officer, to the role of President and Chief Executive Officer, and appointed Dr. de Geus to the role of Executive Chair of the Board, in each case, effective as of the Effective Date.
Role change

Sassine Ghazi

President and Chief Executive Officer
SNPS · SYNOPSYS INC
Effective
2024-01-01
Filed
August 16, 2023, 7:59 PM ET
the Board promoted Sassine Ghazi, Synopsys’ President and Chief Operating Officer, to the role of President and Chief Executive Officer

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Sassine Ghazi was appointed as Director at SYNOPSYS INC.

Action
appointed
Role
Director
Exact text from the filing
On August 13, 2023, the Board also approved an increase in the size of the Board from ten to eleven directors, and appointed Mr. Ghazi as a director, in each case, effective as of August 13, 2023.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 1.0

Aart J. de Geus changed role as Executive Chair of the Board at SYNOPSYS INC.

Action
stepped down as Chief Executive Officer
Role
Executive Chair of the Board
Exact text from the filing
On August 12, 2023, Aart J. de Geus informed the Board of Directors (the “ Board ”) of Synopsys, Inc. (“ Synopsys ”) of his intent to step down as Chief Executive Officer of Synopsys, effective January 1, 2024 (the “ Effective Date ”). In connection therewith, on August 13, 2023, the Board promoted Sassine Ghazi, Synopsys’ President and Chief Operating Officer, to the role of President and Chief Executive Officer, and appointed Dr. de Geus to the role of Executive Chair of the Board, in each case, effective as of the Effective Date.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 1.0

Sassine Ghazi changed role as President and Chief Executive Officer at SYNOPSYS INC.

Action
promoted
Role
President and Chief Executive Officer
Exact text from the filing
the Board promoted Sassine Ghazi, Synopsys’ President and Chief Operating Officer, to the role of President and Chief Executive Officer
View on SEC.gov

SYNOPSYS INC filing history →

Source: SEC EDGAR
accession 0001193125-23-214352
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