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For
Immediate Release
Synplicity
Appoints Thomas Weatherford to its Board of Directors
Former Business Objects CFO also Joins as Chairman of Synplicity’s
Audit Committee
SUNNYVALE, Calif.,
June 3, 2003 — Synplicity Inc. (Nasdaq: SYNP), a leading supplier
of software for the design and verification of semiconductors, today
announced that Thomas Weatherford has been appointed to its board
of directors and as chairman of its audit committee. Weatherford,
who recently retired as chief financial officer of Business Objects,
brings more than 30 years of financial experience in the software,
computing and semiconductor industries to the Synplicity® board
of directors. Weatherford’s addition will increase the total
number of directors on Synplicity’s board to seven with the
majority being outside directors.
“Thomas’
contributions and guidance at Business Objects helped it become
the world's leading provider of enterprise business intelligence
solutions and created a culture of financial discipline and rigor
that was central to their operations and growth in profitability.
Thomas brings tremendous financial, strategic and operational talent
to our already strong board, including an extensive background in
international finance, investor relations, and mergers and acquisitions.
His experience, leadership and industry relations will be a tremendous
asset to Synplicity and it is an honor to have him join our board
of directors,” said Alisa Yaffa, chairman of the board at
Synplicity.
Weatherford
added, “After close to 33 years in the global high-tech industry,
it is a natural career evolution to now focus my efforts at the
advisor and board level. Over the past 10 years, Synplicity has
established itself as a leader in the EDA industry, and I look forward
to working to continue the company’s success and its push
into new markets.”
Weatherford
recently retired as chief financial officer of Business Objects,
where he served from 1997 through 2002. Prior to Business Objects,
Weatherford held chief financial officer or other senior financial
positions at NETCOM On-Line Communication Services, Logitech, Applied
Materials, Texas Instruments, Schlumberger and Tandem Computers.
Weatherford currently serves on the board of directors of Ilog S.A.
(Nasdaq: ILOG), Peregrine Systems, Inc. (Pink Sheets LLC: PRGNQ)
and Saba Software, Inc. (Nasdaq: SABA).
Weatherford
graduated from the University of Houston with a bachelor’s
degree in finance.
About
Synplicity
Synplicity
Inc. (Nasdaq: SYNP) is a leading provider of software products that
enable the rapid and effective design and verification of semiconductors
used in networking and communications, computer and peripheral,
consumer and military/aerospace electronics systems. Recognizing
the company's industry-leading position, since the year 2000 Dataquest
has named Synplicity as the #1 provider of PLD synthesis tools,
announcing a 54 percent market share in 2001, the last year for
which data is available. Synplicity leverages its innovative logic
synthesis, physical synthesis and verification software solutions
to improve performance and shorten development time for complex
programmable logic devices, application specific integrated circuits
(ASICs), structured ASICs and system-on-chip (SoC) integrated circuits.
The company’s fast, easy-to-use products offer high quality
of results, support industry-standard design languages (VHDL and
Verilog) and run on popular platforms. As of March 31, 2003, Synplicity
employed over 260 people in its 20 facilities worldwide. Synplicity
is headquartered in Sunnyvale, Calif. For more information on Synplicity,
visit http://www.synplicity.com.
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Synplicity is
a registered trademark of Synplicity Inc. All other brands or products
are the trademarks or registered trademarks of their owners.
Synplicity
Reader Contact:
Doug Miller
408/215-6000
dmiller@synplicity.com
Synplicity
PR Contact
Steve Gabriel
Porter Novelli
408/369-1500
steve.gabriel@porternovelli.com
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