Autodesk appoints new directors for board expansion

By Tamara Parker • Thursday, December 19 10:32 • Permanent Link

Autodesk, Inc. (NASDAQ: ADSK) has announced the appointment of two new independent directors, John Cahill and Ram Krishnan, to its board of directors, effective immediately. This move comes as part of the company's commitment to enhancing its corporate governance and bringing in diverse expertise and experience to oversee its strategy.

John Cahill, former chairman and CEO of Kraft Foods, brings a wealth of experience in global business and strategy, having overseen the merger of Kraft and Heinz to create one of the world's largest food and beverage companies. On the other hand, Ram Krishnan, the executive vice president and chief operating officer of Emerson, offers deep industry and technological expertise, particularly in complex lifecycle automation.

Autodesk has been on a trajectory of transformation and growth, and the addition of these independent directors is aimed at further strengthening its board's leadership and global business experience.

Notably, the company also announced that Lorrie Norrington has informed the board of her intention not to stand for re-election at Autodesk’s 2025 annual general meeting. This decision comes after Norrington's significant contributions to the company during a period of transformational growth.

Furthermore, the appointment of these new directors reflects Autodesk's commitment to reducing the size of its board by the 2025 annual general meeting. This move is part of the company's ongoing efforts to maintain effective oversight and strategic execution to enhance shareholder value.

Autodesk's President and CEO, Andrew Anagnost, expressed his anticipation of working closely with the new directors to benefit from their insights and guidance, as the company continues to focus on driving growth, enhancing margins, delivering robust free cash flow, and creating value for shareholders.

With these developments, Autodesk is signaling its strong reputation of innovation and industry leadership, backed by a disciplined approach and a track record of success. The company is poised to leverage the expertise of its newly appointed directors to continue its strategic execution and profitable growth in the coming years. Following these announcements, the company's shares moved 0.2%, and are now trading at a price of $293.43. For the full picture, make sure to review Autodesk's 8-K report.

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