Autodesk announces appointment of two independent directors

Core Insights - Autodesk has announced the appointment of Jeff Epstein and Christie Simons to its Board of Directors as part of a cooperation agreement with Starboard Value LP, with their full voting membership commencing at the 2025 Annual Meeting on June 18, 2025 [1][2] - The Board will consist of 12 directors post-appointment, with 11 being independent, enhancing the governance structure of Autodesk [1] - Starboard Value LP will withdraw its director nominees and has agreed to customary standstill, voting, and other provisions as part of the cooperation agreement [3] Company and Board Enhancements - Jeff Epstein brings extensive experience in finance and corporate development, having served as EVP and CFO of Oracle and currently advising Bessemer Venture Partners [4] - Christie Simons has over 30 years of experience in technology and audit, previously a Senior Partner at Deloitte, and currently serves on the Board of Micron Technology [5] - The appointments are expected to strengthen Autodesk's strategy in industry cloud, platform, and AI, aimed at enhancing profitability and shareholder value [2] Strategic Collaboration - Autodesk and Starboard have entered into an Information Sharing and Discussion Agreement to facilitate ongoing collaboration for sustainable value creation [2][3] - Starboard's investment in Autodesk is based on the belief in its potential to improve profitability and create significant value [2]