This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

ANSYS Announces Senior Management Transition In Apache Design Business

Stocks in this article: ANSS

PITTSBURGH, Feb. 10, 2014 (GLOBE NEWSWIRE) -- ANSYS, Inc. (Nasdaq:ANSS), today announced that Dr. Andrew Yang, ANSYS Vice President and General Manager, and President of its Apache Design business, will officially step down from his current role. Dr. Yang will remain working as part of the ANSYS management team through August 1, 2014, reporting directly to Walid Abu-Hadba, Chief Product Officer of ANSYS. In his new role, Dr. Yang will focus on the leadership transition, working closely with Walid and other members of the organization to ensure that the Apache team and business are well positioned to continue their long record of creating leading-edge technology for our customers and delivering positive results for our stockholders.

"The Apache Design business, employees and customers have been a great addition to the ANSYS family since the closing of the acquisition in August 2011," said Jim Cashman, ANSYS president and CEO. "The combination of ANSYS and Apache has given us the most comprehensive electronics engineering simulation software in the industry. I want to personally thank Andrew for being part of the ANSYS team for these past several years, and for the contributions that he individually and the entire Apache team has made, and will continue to make, towards our success. We wish Andrew the best as he moves onto his next exciting endeavor," Cashman stated.

"The Apache business is well-positioned to continue its record of delivering results for our customers and our stockholders," said Andrew Yang, Apache president. "Working closely with Walid and the Apache leadership team, we will ensure that we continue to execute on our strategic plan for the business, and prepare for my transition out of the day-to-day business of leading Apache. This has been an incredible experience for me. I wish ANSYS and the team years of continued growth and success."

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs