CDNS Shareholders, meet your new CFO. Geoff Ribar, Silicon Valley veteran ?

CDNS Shareholders, meet your new CFO
Geoff Ribar, Silicon Valley veteran ?

From http://www.cadence.com/cadence/executive_team/Pages/bio_gribar.aspx
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Geoff Ribar
Senior Vice President and Chief Financial Officer

Geoff Ribar is Senior Vice President and Chief Financial Officer. Ribar is responsible for managing the company’s global finance organization, including Investor Relations, Information Technology, Workplace Resources, Order Fulfillment, Internal Audit and Controller functions.

Prior to his appointment as CFO at Cadence, he served as Chief Financial Officer for Telegent Systems in Sunnyvale, California, where he led the company’s Finance, Legal, IT and HR teams in supporting a sales growth that was among the fastest ever in the semiconductor industry.

Ribar has extensive experience in the semiconductor industry in both private and public companies. He held the CFO position at a number of semiconductor companies including SiRF, Matrix Semiconductor and nVidia. In addition he worked at AMD for 15 years, ending as corporate controller. During his career, Ribar has facilitated many M&A transactions, helping companies successfully scale during periods of rapid growth.

Ribar received his Bachelor of Science degree in Chemistry, as well as an MBA, from the University of Michigan.

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Check for yourself, all information is publicly available:
Cadence (CDNS) CFO Quick Facts:
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Total years spent as CFO as of 2011: 9.5 years
CFO career span as of 2011: 12 years
Total number of companies as CFO: 7
Number of companies taken public: 0
Total IPOs filed and pulled: 2
Number of companies unwillingly sold or shutdown: 3
Number of companies bankrupt: 2
Total M&A Activity: 2

Total personal earnings 1995-2010: $xxx million undetermined at this time
Total investor losses 1998-2011: $xxx million undetermined at this time

Executive career timeline:
=============================

1. Nov 1995-Nov 1997
VP, Corporate controller
AMD
2 years


2. Jan 1998-Sep 1998
CFO
Nvidia
8 months

Facts:
Fired from Nvidia in September 1998
Nvidia goes public Jan 25 1999
Christine Hoberg CFO

Filed with SEC in 2000 that became CFO of Packard-Bell-NEC
from Oct 1998 to January 2000

Facts:
April 1998 - packard bell appoints Marvin Burkett as CFO
November 1999 - packard bell US shuts down

3. Aug 2000-Aug 2001
CFO
iBeam
12 months

Fact: Oct 2001: iBeam files for bankruptcy

4. Sep 2001-Aug 2003
CFO
Asyst
24 months

Fact: Sep 11 2003 Asyst fires CFO Ribar

5. Aug 2004-Dec 2005
CFO
Matrix Semiconductor
18 months

6. Jan 2006-Apr 2008
CFO
SiRF
26 months

Facts:

February 2008
SiRF earnings down 98%
SiRF stock crashes
Multiple shareholder lawsuits aggregated in one class-action lawsuit,
Geoff Ribar named as defendant
April 2008
CFO Ribar fired


7. June 2008 - Sep 2010
CFO
Telegent Systems
26 months

Facts:

Dec 2009 - Telegent files for IPO
March 2010 - Telegent pulls IPO
Sep 2010 - CFO Ribar resigns


References:
===========

1. AMD
http///www.sec.gov/Archives/edgar/data/2488/0000898430-95-002116
http///www.sec.gov/Archives/edgar/data/2488/0001012870-97-001536
http///www.sec.gov/Archives/edgar/data/2488/0001012870-97-002210
http///www.sec.gov/Archives/edgar/data/2488/0001012870-98-001068

2. Nvidia
http://www.sec.gov/Archives/edgar/data/1045810/0001012870-98-003234.txt
http://www.sec.gov/Archives/edgar/data/1045810/0001012870-98-003021.txt
http://www.sec.gov/Archives/edgar/data/1045810/0000929624-98-001285.txt

Packard Bell NEC
http://articles.sfgate.com/1998-04-03/business/17719690_1_packard-bell-nec-marvin-burkett-pcs
http://www.zdnet.com/news/nec-disables-packard-bell-nec/103884
http://www.sec.gov/Archives/edgar/data/1098570/000100547701002203/0001005477-01-002203.txt
http://findarticles.com/p/articles/mi_m0EIN/is_2000_August_3/ai_63848951/?tag=content;col1
http://www.highbeam.com/doc/1G1-62851680.html
http://news.cnet.com/Packard-Bell-plans-massive-layoffs/2100-1001_3-232342.html
http://news.cnet.com/Packard-Bell-to-lay-off-1%2C000/2100-1001_3-216492.html?tag=mncol
http://news.cnet.com/Packard-Bell-to-lay-off-200/2100-1001_3-227840.html?tag=mncol

3. iBeam
http://www.sec.gov/Archives/edgar/data/1098570/000100547701002203/0001005477-01-002203.txt
http://www.sec.gov/Archives/edgar/data/1098570/000109238800500088/ibeam_8-kv6.htm
http://www.sec.gov/Archives/edgar/data/1098570/000101287000004315/0001012870-00-004315.txt
http://www.streamingmedia.com/Articles/News/Featured-News/iBEAM-Files-for-Bankruptcy%3B-Williams-Purchases-iBEAM-Assets-for-$25-Million-64396.aspx
http://www.allbusiness.com/banking-finance/financial-markets-investing-securities/6483797-1.html
http://www.sec.gov/Archives/edgar/data/1098570/0001012870-00-001499.txt

4. Asyst

http://smtp.socratek.com/agreement-preview.aspx?num=537204&search=d2normal&hl=B!ZChief%20Financial%20OfficerE!ZB!ZCFOE!ZB!ZChiefE!ZB!ZOfficerE!Z&ex=B!ZDate%20or%20the%20hiring%20of%20a%20successor%20BL!ZChief%20Financial%20OfficerEL!Z%20(%22BL!ZCFOEL!Z%22)%20by%20theE!Z!B!Zinvestor%20relations,%20as%20requested%20by%20the%20BL!ZChiefEL!Z%20Executive%20BL!ZOfficerEL!Z%20Subject%20toE!Z!

http://webcache.googleusercontent.com/search?q=cache:WLDdlx-_FnoJ:www.issueatlas.com/content/free/directors.html+http://www.issueatlas.com/content/free/directors.html&cd=1&hl=en&ct=clnk&gl=us&source=www.google.com

http://www.highbeam.com/doc/1G1-77344640.html
http://www.bizjournals.com/sanjose/stories/2009/04/20/daily5.html
http://findarticles.com/p/articles/mi_m0EIN/is_2001_August_21/ai_77344640/?tag=content;col1

5. Matrix
http://findarticles.com/p/articles/mi_m0EIN/is_2004_August_26/ai_n6170049/

6. SiRF
http://www.sec.gov/Archives/edgar/data/1163943/000119312507172198/dex21.htm
http://www.reuters.com/article/2008/04/24/sirf-idUSBNG10326020080424
http://www.sec.gov/Archives/edgar/data/1163943/000119312507140254/d8k.htm
http://www.xomba.com/sirf_technology_holdings_inc_securities_litigation_or_class_action_lawsuit_settlement_obtain_claim_f
http://www.gpslodge.com/archives/016797.php
http://www.sec.gov/Archives/edgar/data/1163943/000119312507265645/filename1.htm

7. Telegent Systems

http://www.telegentsystems.com/press/2010May6_Milestone.html

http://www.sec.gov/Archives/edgar/data/1296612/000119312510110445/drw.htm

http://venturebeat.com/2009/11/24/telegent-files-for-ipo-as-public-market-thaws-even-more/

http://www.sec.gov/Archives/edgar/data/1296612/000119312510014414/0001193125-10-014414-index.htm

http://venturebeat.com/2010/05/06/amid-market-slump-telegent-cancels-ipo-and-starts-search-for-new-ceo/

8. Cadence is next !

Cadence start date: October 15th, 2010

SAN JOSE, CA -- (Marketwire) -- 09/27/10 -- Cadence Design Systems, Inc. : (NASDAQ: CDNS), a leader in global electronic design innovation, today announced that Geoff Ribar, chief financial officer of Telegent Systems, Inc., will be appointed senior vice president and chief financial officer of Cadence effective on or about November 1, 2010. Kevin S. Palatnik is leaving the company to pursue other interests. Mr. Palatnik will remain with the company as an advisor to ensure a smooth and orderly transition of duties to Mr. Ribar, leaving by the end of the first quarter of 2011.

"The Cadence Board of Directors and I are pleased that Geoff Ribar has agreed to serve as the CFO of Cadence," said Lip-Bu Tan, president and chief executive officer of Cadence. "Geoff is an experienced executive who brings to Cadence a wealth of financial, IT and operational expertise at public and private high tech companies, including SiRF, Matrix Semiconductor, nVidia and Advanced Micro Devices. We are confident Geoff's deep experience will serve Cadence well as we build upon the important progress we have made with our EDA360 :  strategy and further expand Cadence's position with customers, increase top line growth and improve profitability. We look forward to a smooth transition as Kevin will remain with Cadence through February 2011 and share his deep knowledge of Cadence with Geoff."

Mr. Tan continued, "On behalf of our Board of Directors and the entire Cadence team, I want to express our deep gratitude to Kevin for his significant contributions and dedication to Cadence over the last nine years, serving in many capacities, including most recently as CFO and previously as Corporate Controller. Kevin is a world class CFO who has been instrumental in navigating Cadence through tremendous change during the last two years. In particular, Kevin led the transition to a highly ratable revenue model and played an important role in planning and executing a company-wide restructuring plan. We are grateful to have benefitted from Kevin's exceptional financial, operational and strategic leadership and wish him all the best in his future endeavors."

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