Synopsys announced the appointment of Peter A. Shimer to its board of directors, adding a veteran financial executive with four decades of experience at Deloitte. Shimer’s appointment is effective immediately, and he will serve on the board’s audit committee.
Shimer spent 40 years at Deloitte, where he held several senior leadership roles, including chief operating officer and chief financial officer. He also served as interim chief executive officer in 2022 and 2023. During his tenure on the firm’s executive committee and under his financial stewardship, Deloitte increased annual revenue by more than 135% to $30 billion. He also led operational performance improvements and key strategic initiatives, including the expansion of Deloitte University and the global implementation of the firm’s enterprise resource planning system.
In addition to his corporate leadership experience, Shimer currently serves as executive committee chair of the Cancer Artificial Intelligence Alliance, a consortium of four leading academic medical centers focused on advancing cancer research and clinical outcomes through artificial intelligence and a federated learning platform. He also serves on the board of Alaska Airlines and holds a BA in accounting from the University of Washington.
The company also announced that Luis Borgen and Dr. Ajei Gopal will not be renominated for re-election to the board. Both directors will continue to serve until the company’s 2026 annual meeting of stockholders. The decision reflects what the board described as its commitment to ongoing director refreshment.
Synopsys, headquartered in Sunnyvale, California, provides engineering solutions spanning silicon design, intellectual property, simulation and analysis, and design services. The company positions itself as a leader in silicon-to-systems engineering, helping customers develop AI-powered products across industries.
KEY QUOTES:
“Pete is an expert at advising executive teams on complex business matters from strategy, to financials, to corporate governance. He will be an excellent addition to the board as we continue to transform Synopsys to empower engineers across industries with leading solutions that help them design and deliver AI-powered products from silicon to systems.”
Sassine Ghazi, President And CEO, Synopsys
“It’s an honor and an exciting time to join the Synopsys board. R&D teams across industries are increasingly designing silicon-powered, software-defined and AI-enhanced systems. Synopsys has never had a greater opportunity to provide essential solutions that make modern innovation possible. I look forward to partnering with the board and the leadership team to advance Synopsys’ mission to empower innovation that drives human advancement.”
Peter A. Shimer, Board Member, Synopsys
“Luis and Ajei have been great partners in transforming and positioning Synopsys as a powerful leader in the growing silicon-to-systems engineering market. We’re very grateful for their leadership and wish them continued success in their next chapters. With the Ansys integration well underway, and with Pete strengthening an already exceptional team, these transitions underscore the Board’s own thoughtful evaluation and commitment to continued refreshment and forward evolution.”
Aart de Geus, Executive Chair And Founder, Synopsys
