Activist investor Starboard Value urged Autodesk's board to explore a CEO change and cost cuts on Tuesday, saying the design software maker has missed financial targets and underperformed the market for years under current leadership.
The move is the latest by Starboard, which disclosed a more than $500 million stake in Autodesk in June and lost a bid to appoint nominees to the company's board in the run-up to an annual meeting last month.
It said Autodesk's board should "objectively assess" if CEO Andrew Anagnost, who has helmed the software maker for seven years, was the best choice to continue leading the company.
https://www.usnews.com/news/technology/articles/2024-08-06/starboard-pushes-autodesk-board-to-explore-ceo-change-cost-cuts-cnbc-reports