AUSTIN, Texas--(BUSINESS WIRE)--Jan. 29, 2019--
NI (Nasdaq: NATI), a leader in software-defined automated test and
automated measurement systems, today announced that Jim Cashman,
Chairman of ANSYS, Inc., and Liam Griffin, Chief Executive Officer and
President of Skyworks Solutions, Inc., have been appointed to the NI
Board of Directors effective March 1, 2019.
“We are excited to welcome Jim and Liam to the board,” said Alex Davern,
NI Chief Executive Officer. “Their proven leadership and deep knowledge
of the key markets we serve will help guide us as we continue to address
more of our customers' system needs and accelerate our vision to be the
leader in software defined automated test and automated measurement
systems. I look forward to collaborating with them as we continue to
focus on delivering value to our customers while driving growth and
profitability in 2019 and beyond.”
“Jim and Liam are both very experienced leaders that bring a long-term
view to value creation and deep knowledge of the industries that we
serve,” said Michael McGrath, Chairman of NI. “They are also experienced
Board members and we look forward to working with them to help continue
NI’s long-term track record of success.”
Since 2017, Cashman has served as the Chairman of ANSYS Inc., an
engineering simulation software company. Prior to that, he served as CEO
of ANSYS for 17 years. During his tenure, Cashman led the company to
deliver a 15X increase in revenue from $63 million in 1999 to $988
million in 2016 and today the company is a market leader in
computer-aided engineering software. Cashman’s insight into technology
trends, deep technical knowledge and collaborative nature makes him a
strong addition to the NI Board. Cashman studied mechanical engineering
at the University of Cincinnati in Cincinnati, OH where he also received
his MBA.
“I am honored to be joining the NI Board. The company’s focus on
innovation and consistent investment in R&D has developed a highly
differentiated software-defined platform that serves as a critical tool
to the success of their customers in key markets,” said James Cashman,
Chairman of ANSYS, Inc. “The company’s long-term track record is
inspiring, and I look forward to sharing my experiences as we continue
on this path of success.”
Since 2016, Griffin has served as President and Chief Executive Officer
of Skyworks Solutions, a producer of analog semiconductors. Prior to
this he held several positions at Skyworks Solutions, including
Executive Vice President and General Manager, Executive Vice President
of the High-Performance Analog Group, and Senior Vice President of Sales
and Marketing. During his tenure at Skyworks Solutions, he played a
crucial role in growing revenue from $400M in 2001 to over $3B today.
Griffin brings a strong global perspective and experience as a key
architect of Skyworks' strategy to cement its leadership position in
mobile communications. Griffin studied mechanical engineering at the
University of Massachusetts Amherst and received his MBA from Boston
University.
“NI has long been a disruptor in the test and measurement industry. The
company’s focus on the long-term has led to consistent results and
enabled them to be at the forefront of technology innovation,” said Liam
Griffin, Chief Executive Officer and President of Skyworks Solutions,
Inc. “The strong NI brand and the value customers see in their platform
is clear, as is their strategy for growth across an expanding set of end
markets. I look forward to joining the NI Board and helping to continue
the long track record of success.”
Forward-Looking Statements
This release contains "forward-looking statements" including statements
regarding our vision, driving growth and profitability in 2019 and
beyond and the experience and expected contributions of the new board
members. These statements are subject to a number of risks and
uncertainties, including the risk of adverse changes or fluctuations in
the global economy, foreign exchange fluctuations, fluctuations in
demand for NI products including orders from NI's large customers,
component shortages, delays in the release of new products, the
company's ability to effectively manage its operating expenses,
manufacturing inefficiencies and the level of capacity utilization, the
impact of any recent or future acquisitions by NI, expense overruns,
adverse effects of price changes or effective tax rates or the impact of
the Tax Cuts and Jobs Act of 2017. Actual results may differ materially
from the expected results. The company directs readers to its Form 10-K
for the year ended Dec. 31, 2017, its Form 10-Q for the quarter ended
September 30, 2018 and the other documents it files with the SEC for
other risks associated with the company's future performance.
About NI
NI (www.ni.com)
empowers engineers and scientists with a software-centric platform that
incorporates modular hardware and an expansive ecosystem. This proven
approach puts users firmly in control of defining what they need to
accelerate their system design within test, measurement and control.
NI’s solution helps build high-performance systems that exceed
requirements, quickly adapt to change and ultimately improve the world.
(NATI-F)
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are trademarks of National Instruments. Other product and company names
listed are trademarks or trade names of their respective companies.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190129005831/en/
Source: NI
Marissa Vidaurri
Investor Relations
(512) 683-5215