Pursuits
Autodesk Settles With Activists Sachem Head, Eminence
- Company adds three new directors, including Sachem founder
- Two incumbent board members won't stand for re-election
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Autodesk Inc., the maker of architectural and engineering design software, agreed to settle with activist investors Sachem Head Capital Management and Eminence Capital Friday and announced three new members would join the board.
Sachem Head founder Scott Ferguson will be a director, along with Richard Hill, chairman of Tessera Technologies Inc., and Jeff Clarke, chief executive officer of Eastman Kodak Co., Autodesk said in a statement Friday.