As a part of its ongoing evolution and scaling of the business, the silicon-to-software provider Synopsys, Inc. (NASDAQ: SNPS) has appointed Sassine Ghazi as the new president and chief operating officer, effective November 1, 2021. Chi-Foon Chan will transition from his co-CEO position over the first half of fiscal 2022. He will continue to support the company’s long-term success in a new role after that.
Having joined Synopsys in 1998, Sassine became the COO of the company in August 2020. Since then he has had significant impact on Synopsys, bolstering its EDA and IP strategy and portfolio. He further broadened customer collaborations, enhancing a strong management team, and providing exceptional corporate leadership.
“Throughout his 23 years at Synopsys in technical, sales, general management and corporate leadership positions, Sassine has always brought a ‘Yes, if…’ mindset, skill and perseverance toward making Synopsys a stronger and better company,” said Aart de Geus, chairman and co-CEO. “He is a motivating and impactful leader, and we look forward to extending his impact throughout the company as we build on our current momentum and further enhance our very strong position.”
Sassine brings several decades of experience in chip design, applications engineering, customer support, sales, and business management. Before becoming the COO, he was the general manager of Synopsys’ Design Group. Before joining Synopsys, he has worked as a design engineer at Intel.
“I am both humbled and excited to take on the expanded role of president and COO of Synopsys,” said Sassine Ghazi. “The strategy we’ve implemented over the past several years has led to a portfolio of solutions that is stronger than it has ever been, at a critical moment when customer challenges are increasing substantially. I look forward to working with the team to continue to scale the company to $5 billion in revenue and beyond.”
Chi-Foon was appointed co-CEO in 2012, after serving as president and COO for 14 years. During his tenure, he has been a key driver of corporate strategy, strong customer and ecosystem relationships and excellent operational execution.
“Since his first day at Synopsys, Chi-Foon has had a profound impact on building and growing our company into what it is today. Be it instituting a culture of excellence and dedication to customer success, or incubating and growing TAM-expanding businesses such as IP and Software Integrity, or role-modeling values and dedication to our employees, Chi-Foon’s impact is visible in everything Synopsys stands for,” said Aart de Geus. “Personally, for more than three decades, Chi-Foon has been a close partner and confidant, culminating in the unique sharing of the co-CEO role. I look forward to working closely with Chi-Foon and Sassine as we strategize the next phase of Synopsys.”
“It’s been an honor to serve as president of Synopsys for the past 23 years,” said Chi-Foon Chan. “As we build on the considerable strength of today’s Synopsys and scale the company to its next phase of growth and value, I am confident in Sassine’s success in driving the company to even greater heights.”
