Altium chief executive, Kayvan Oboudiyat, has stepped down to make way for new boss, Aram Mirkazemi, after 14 years at the helm.
Mirkazemi, who has served as Altium’s chief technology officer and is an executive director of the board, will take the reins immediately and brings over 20 years’ experience at the executive level.
Oboudiyat said it was a difficult decision to step down.
“I have been fortunate to lead one of the world’s great electronic design software companies,” he said.
“Deciding the right time was never going to be easy. However, after more than 15 years with Altium, I believe now is the right time to pass on the leadership baton.
“Altium remains well positioned to continue the momentum achieved through the full execution of the company’s strategic plan.”
Altium chairman, Sam Weiss, said Kayvan was instrumental in leading Altium’s IPO in 1999 and had played a key role in driving development of new business opportunites.
“More recently Kayven has led the company through significant change in a period of transformation that has been the restoration of shareholder value through the delivery of products and services that satisfy customer needs,” he said.
“This has resulted in the second successive year of double digit growth through fiscal 2013.”
Mirkazemi joined Altium in 1991 serving as director of research and development from 1992-99.
He left and founded Morfik Technology and then returned in 2010 when Altium acquired his company.
Weiss said Aram brought a unique combination of industry knowledge, global management experience and deep product development understanding to the role.
“Aram is the architect of and champion for Altium’s product development strategy of ‘Closing the Capability Gaps with high-end design tools,” he said.
“He has also been at the forefront of the initiation of strategic partnerships within the EDA industry, and with chip vendors and part suppliers to assist Altium to grow its market share by expanding its reach into the upper and lower market segments.”
Mirkazemi will receive an annual salary of $US400,000, with incentives.