Synopsys, Inc. (Nasdaq: SNPS) today announced that Trac Pham, chief financial officer, intends to retire in 2022. To ensure an orderly transition, Pham will remain in his current role until a successor is in place. Synopsys will initiate a comprehensive search to identify a replacement.
“Trac has made excellent contributions throughout his 15 years at Synopsys, most recently as CFO since 2014,” said Aart de Geus, chairman and co-CEO. “As CFO, he was instrumental in driving our company’s transformation – accelerating margin and EPS growth while ensuring sufficient investments to best serve our customers and accelerate revenue growth. While we will miss his insights, leadership and teamplay, I congratulate him on a successful career and wish him well in the next phase of his life.”
“It has been a privilege to serve as Synopsys’ CFO and to work with Aart, Chi-Foon, and our team to support the enduring success of Synopsys,” said Trac Pham. “I have a deep affection for our company and team, and this experience has been an important part of my life. Knowing that Synopsys is strongly positioned and poised for more success gives me the comfort and flexibility to prioritize my desire to spend more time with my family. I am looking forward to the next phase of life and will work with our leadership team to ensure a smooth transition.”