Press release
Autodesk Announces Executive Change
CFO Scott Herren Departing Company; Autodesk Expects Q3 Results Above Guidance Range SAN RAFAEL, Calif., Nov. 12, 2020 /PRNewswire/ -- Autodesk, Inc. (Nasdaq:
About this update from Autodesk, Inc.
[{"type":"text","content":"CFO Scott Herren Departing Company; Autodesk Expects Q3 Results Above Guidance Range\n\n\nSAN RAFAEL, Calif., Nov. 12, 2020 /PRNewswire/ -- Autodesk, Inc. (Nasdaq: ADSK) today announced the departure of Scott Herren, the company's senior vice president and chief financial officer. After more than six years at Autodesk, Herren is leaving the design and engineering software leader in mid-December to become chief financial officer at Cisco. \n\n \n \n \n \n \n \n\n \n\"Scott has played a critical role in driving the business over the last six years and was instrumental in helping Autodesk successfully navigate the business model transition,\" said Andrew Anagnost, Autodesk president and CEO. \"I want to thank Scott for the many contributions he has made to Autodesk and wish him continued success in the next chapter of his career.\" \n\"It's been a great run and I am proud to have been part of six transformational years at Autodesk,\" said Herren. \"It has been a pleasure working with everybody at the company, growing an exceptionally talented finance organization and establishing a leadership position in design and make technology. With the transition to a SaaS business model now complete, I leave knowing Autodesk is well positioned for the future.\" \nAutodesk has initiated a selection process for a new chief financial officer. Fiscal third quarter 2021 results, which will be reported on November 24th, 2020, are expected to be above Autodesk's guidance range across all Q3 guidance metrics. The company remains confident in its fiscal 2023 financial goals and the long-term potential from digitization across AEC, the convergence of design and make in manufacturing, and the monetization of non-compliant and legacy users. \nSafe Harbor StatementThis press release contains forward-looking statements that involve risks and uncertainties, including quotations from management and statements about our financial goals, our strategies, industry and product potential, performance, and results. There are a significant number of factors that could cause actual results to differ materially from statements made in this press release, including: failure to achieve our revenue and profitability objectives; failure to successfully manage transitions to new business models and markets; failure to maintain cost reductions or otherwise control our expen...