Cadence Elects Young K. Sohn to Board of Directors

Cadence Elects Young K. Sohn to Board of Directors 
Donald L. Lucas to Retire 
SAN JOSE, CA -- (Marketwire) -- 02/12/13 --  Cadence Design Systems,
Inc. (NASDAQ: CDNS) today announced the election of Young K. Sohn,
president and chief strategy officer of Samsung Electronics to its
board of directors. Mr. Sohn brings substantial industry, financial,
operational and governance expertise to Cadence through his
experience in executive leadership at leading semiconductor firms and
advisory roles in investment firms. The company also announced the
retirement of Donald L. Lucas from the board.  
"We are pleased and honored to have Young Sohn join our board," said
John B. Shoven, Ph.D., Cadence's chairman of the board of directors.
"Cadence is committed to continuing its leadership role in the
development of the next generation of electronics. Young's broad
industry experience and business expertise will be valuable in
helping Cadence deliver on this commitment as our customers develop
increasingly complex systems based on advanced semiconductors."  
In addition to his position at Samsung, Sohn also serves as a senior
advisor at Silver Lake, a private investment firm, and Inphi
Corporation. He previously served as president and chief executive
officer of Inphi Corporation from August 2007 to February 2012, and
as a director of Inphi Corporation from July 2007 to February 2012.
Prior to joining Inphi, Sohn served as president of Agilent
Technologies, Inc.'s Semiconductor Group from August 2003 until his
retirement in March 2005, as chief executive officer of Oak
Technology, Inc. from 1999 until it was acquired by Zoran Corporation
in August 2003, and in executive positions at Quantum Corporation
from 1992 to 1999, including as co-president and general manager.
Sohn also serves on the board of directors of Cymer, Inc., and he is
on the North American Executive Board for the MIT Sloan School of
Management. 
Donald L. Lucas, who has served as a director of Cadence since the
company was formed in 1988 and served as chairman of the board from
1988 to 2004, announced his retirement from the board, effective
immediately.  
"Don Lucas has played a foundational role in the creation and
successful growth of Cadence over more than twenty five years," said
Dr. Shoven. "We are very grateful to him for his vision and
leadership and his years of service to Cadence. We wish him well in
his retirement." 
About Cadence 
 Cadence enables global electronic design innovation
and plays an essential role in the creation of today's integrated
circuits and electronics. Customers use Cadence(R) software,
hardware, IP, and services to design and verify advanced
semiconductors, consumer electronics, networking and
telecommunications equipment, and computer systems. The company is
headquartered in San Jose, Calif., with sales offices, design
centers, and research facilities around the world to serve the global
electronics industry. More information about the company, its
products, and services is available at www.cadence.com.  
Cadence and the Cadence logo are registered trademarks of Cadence
Design Systems, Inc. All other trademarks are the property of their
respective owners. 
Media contact:  
Anna del Rosario 
(408) 914-6884 
newsroom@cadence.com  
Investor contact: 
Alan Lindstrom
(408) 944-7100 
investor_relations@cadence.com 
 
 
Press spacebar to pause and continue. Press esc to stop.