For a company whose stocks, revenues andprofits are soaring, Autodesk, is sure living through some troubled times. After ongoing rumors of differences between its “maker-friendly” CEO and several large shareholders, the company (ADSK) announced that Carl Bass has decided to step down as president and CEO, effective February 8.
The company’s board has instituted a CEO search. The executive search firm Egon Zehnder has been retained to assist in the CEO search. The Board has formed an Interim Office of the Chief Executive to oversee the company’s day-to-day operations.
The Interim Office of the Chief Executive will be headed by Amar Hanspal, senior vice president and chief product officer, and Andrew Anagnost, senior vice president and chief marketing officer as interim co-chief executive officers. Crawford W. Beveridge will remain non-executive chairman of the board.
The company also reiterated its non-GAAP business outlook for fourth quarter and full year fiscal 2017 and expects revenue, earnings per share, and subscription additions to be at the high end of guidance disclosed on November 29, 2016.