SANTA CRUZ, Calif. -" A major management shuffle has taken place at Cadence Design Systems as Penny Herscher, executive vice president and general manager of that company's Design and Verification division, has stepped down, EE Times has learned. Herscher will be replaced by Ping Chao, who had subsequently been responsible for Cadence's digital IC solutions business.
Herscher and Chao were not immediately available for comment, but Jan Willis, Cadence's senior vice president for industry marketing, said that Herscher is "looking to go after a CEO position." Willis declined to say whether the management change was initiated by Herscher or Cadence.
Herscher, who was CEO of Simplex Solutions before its acquisition by Cadence in 2002, had taken a high profile at Cadence as the manager of one of its two principal business units. Earlier in 2003, some current and former Cadence employees expressed resentment that former Simplex managers were taking high positions in the company, and complained about layoffs that some attributed to Herscher.
Chao has a long history with Cadence, and with EDA. He was a co-founder of ECAD, the company that merged with SDA Systems to form Cadence in the 1988. He was also a co-founder of emulation provider PiE Design Systems. More recently, he was CEO of Silicon Perspective Corp. (SPC), and he returned to Cadence following that company's acquisition of SPC in 2001.
As general manager of the Design and Verification business, Chao will be responsible for Cadence's functional verification, synthesis, and test tools. Willis said she did not expect any major changes in direction under Chao. "They've got a good roadmap going, and I think we'll see the momentum continue," she said.
Willis said she had no details on what kind of CEO position, or what industry, Herscher may consider in the future.