On February 11 I received a press release on BusinessWire announcing that Lip-Bu Tan President and CEO of Cadence had been elected to the EDAC Board of Directors. A quick check of the EDAC website at EDAC.org in fact showed his picture as well as those of eight other corporate directors plus those of Bob Gardner, Corporate Treasurer and Mark Cameron White, Secretary. Of course Bob Gardner is also the Executive Director of EDAC. Dave Burow, CEO of Agility and until the previous day shown as a member of the EDAC Board, was conspicuously missing from the page.
I must admit that I did draw a conclusion from these items and did not call Bob Gardner to ask him directly what the press release really meant. It would had been five o'clock in the morning in California!
What has happened since then on the subject, is worth reporting. First I got a call from Bob Gardner telling me that Lip-Bu Tan had been added to the EDAC board, and was not replacing anyone. I did explain to him the reason for my conclusions, and he agreed that he understood where I was coming from, attributing the vagueness of the press release to the need to have it approved by a number of people.
Next I got an email from Dave Burow telling me that although he planned to resign his position on the EDAC Board he had not yet done so. I answered this email with the suggestion that he take a look at the EDAC website under "Board of Directors."
But this morning I got an email from Bob. In it I am told that the EDAC By-Laws allow for up to 15 BoD members. That the BoD may fill vacancies (up to 15) at any time as needed. And that "At this point we have added Lip-Bu Tan from Cadence to the EDAC BoD, and if there is a vacancy or regeneration that will be dealt with as a separate matter."
Following another exchange of emails, the world has regained its proper order. It turns out that removing Dave Burow's picture was an oversight. The EDAC BoD has twelve members, I was premature in announcing Dave Burow's resignation, but it worked out well since now the EDAC site is accurate and has twelve pictures, including Dave's properly displayed.