Synopsys, Inc. Announces the Appointment of Jeannine Sargent to Its Board of Directors, Effective September 2, 2020
September 02, 2020 at 10:20 am EDT
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Synopsys, Inc. announced the appointment of Jeannine Sargent to its board of directors, effective September 2, 2020. Ms. Sargent is an experienced corporate executive and board member, with background in global business and product strategy, engineering, operations, and sales and marketing. Prior to her current investment advisory roles with a focus on industries ranging from artificial intelligence to energy and sustainability, she served as president of Innovation and New Ventures at Flex, where she was responsible for worldwide innovation, global design and engineering, new product businesses and corporate venture investments. Before joining Flex, Ms. Sargent was CEO of Oerlikon Solar, a leading provider of end-to-end thin film solar photovoltaic solutions, and of Voyan Technology, which supplied software and silicon solutions for the broadband communication and semiconductor equipment industries. Ms. Sargent is currently a member of the boards of Fortive, a diversified industrial technology company, and Proterra, a privately held leader in commercial electric vehicle technology. At Fortive, she is chair of the Audit committee and serves on the Compensation and Nominating & Governance committees. Ms. Sargent was also a director at Cypress Semiconductor, where she served on the Compensation and Nominating & Governance committees.
Synopsys Inc. specializes in the development and marketing of software programs aimed mainly at manufacturers of semi-conductors, computers and electronic equipment. Net sales break down by activity as follows:
- sale of software and hardware (82.4%): sale of software for the automation of integrated circuit design, pre-designed circuits for semiconductors, software and hardware for the validation of electronic systems, etc.;
- provision of services (17.6%): consulting, maintenance and technical assistance services in the areas of software security, quality and compliance.
Net sales are distributed geographically as follows: the United States (47.7%), China (15.2%), Korea (10.9%), Europe (10.2%) and other (16%).