step down as executive chairman of Cadence Design Systems Inc. on July 31, said in an interview with EE Times Tuesday that he has no definitive plans for his retirement, but that he would continue to contribute to the business world and Silicon Valley community.
"I have always viewed life as an adventure, and I will have a next adventure," Bingham said, adding that nothing was imminent.
"There is nothing like creating a little separation and giving yourself time to sit in a different chair and see what new perspectives you can gain," Bingham said.
Bingham, 59, said he would continue to serve on the boards of directors of Oracle Corp., Freescale Semiconductor and KLA-Tencor Corp.
Bingham said he had recently joined the board of the Children's Discovery Museum, a San Jose, Calif.-based educational museum. He hinted that he might get involved with more such endeavors, but stopped short of making any proclamations about his future plans.
Bingham characterized his 12 years at Cadence as extremely rewarding and successful, noting that the company had staved off challenges from rivals Mentor Graphics Corp. and Synopsys Inc. to claim the undisputed market leadership in EDA.
Joining Cadence as chief financial officer and executive vice president in 1993, Bingham became president and CEO in 1999. In May 2004, Bingham stepped down as CEO, replaced my Mike Fister, and assumed the role of executive chairman.
Bingham indicated that, while he believe you cannot draw "rigid lines" around such things, he believes his departure is in some ways a healthy part of Cadence's evolution.
Likening it to raising children or coaching a team, Bingham said at a certain point a former leader needs to step aside and give the current management team room to be in charge.
"I look at Jack Welch and the very clean separation that he created when he left GE," Bingham said.
While he will have no formal role with Cadence, Bingham said he will continue to support the company and build on the relationships he has established there.
Reflecting on his 12 years at Cadence, Bingham said he was proud of the impact that the company had made during his time on both the EDA industry and the community. He singled out Cadence's Stars & Stripes program, which has raised more than $5.6 million for charities since 1990, as something he is particularly proud of.