For only the fourth time since its inception, earlier this week ANSYS announced a leadership succession plan with a new CEO. James E. Cashman, who has served as ANSYS’ CEO since 2000, will step down as CEO and become Chairman of the Board of Directors effective January 1, 2017. Dr. Ajei S. Gopal, a technology industry veteran who has served as a member of the ANSYS Board since 2011, has been appointed President and CEO effective immediately and will continue to serve on the Board. Dr. Gopal will become CEO on January 1, 2017. Ronald W. Hovsepian, who currently serves as Chairman of the ANSYS Board, will assume the role of Lead Independent Director as part of this transition.