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Autodesk To Name New Ceo, Extend Deal With Activist


Ron Burgundy
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Software maker Autodesk Inc said on Tuesday that Chief Executive Carl Bass would step down, less than a year after it struck a deal with two activist investors agitating for changes at the company. Autodesk agreed last March to appoint three new directors to its board, including Scott Ferguson, managing partner of Sachem Head Capital Management. Sachem Head and fellow activist investor Eminence Capital each held nearly 6 percent of the stock as of Sept. 30, making them two of the company's largest top five holders.

 

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