SAN
FRANCISCO, Nov. 26, 2024 /PRNewswire/ -- Autodesk,
Inc. (NASDAQ: ADSK) today announced the appointment of Janesh Moorjani as the company's chief financial
officer, effective December 16, 2024.
Moorjani brings over 20 years of experience in the technology
industry, with deep expertise in driving growth and efficiency at
scale. Most recently, Moorjani served as CFO and COO of Elastic NV
(NYSE: ESTC), the Search AI Company.
Reporting to chief executive officer Andrew Anagnost, Moorjani will lead and oversee
Autodesk's global finance organization. Moorjani will succeed
interim chief financial officer Elizabeth "Betsy" Rafael, who will
serve as an advisor to the company through the end of fiscal 2025
and will continue to serve on Autodesk's Board of Directors,
resuming her status as an independent director following the
transition period and end of her employment by the company.
"We are excited to welcome such a high-caliber and seasoned CFO
in Janesh," said Andrew Anagnost,
president and CEO of Autodesk. "His deep finance and software
experience will be instrumental in supporting Autodesk's continued
momentum with sustained growth and enhanced profitability. I look
forward to partnering with Janesh to drive Autodesk's successful
path forward and continue creating additional value for our
stockholders. I also thank Betsy for stepping into the interim CFO
role at an important time for Autodesk, and for her continued
contributions both through the transition and as a qualified and
experienced board member moving forward."
Moorjani brings strong experience leading dynamic public
software companies. He recently was CFO of Elastic since 2017 and
assumed the additional responsibilities of COO in 2022. Prior to
Elastic, he served in executive and leadership roles at Infoblox,
VMware, Cisco, PTC, and Goldman Sachs. He currently serves on the
Board of Directors of Cohesity, a leading AI-powered data security
and data management company.
"I am thrilled to join Autodesk and work with Andrew, the
company's strong management team and the Board to capitalize on the
compelling growth opportunities we have ahead," said Moorjani.
"Autodesk has established a clear leadership position as a
technology innovator by providing differentiated and connected
solutions that allow customers across industries to design and make
anything. I look forward to working with the team to build on
Autodesk's strong financial foundation to drive continued growth,
profitability and free cash flow to ultimately deliver sustainable
stockholder value."
ABOUT AUTODESK
The world's designers, engineers, builders, and creators trust
Autodesk to help them design and make anything. From the buildings
we live and work in, to the cars we drive and the bridges we drive
over. From the products we use and rely on, to the movies and games
that inspire us. Autodesk's Design and Make Platform unlocks the
power of data to accelerate insights and automate processes,
empowering our customers with the technology to create the world
around us and deliver better outcomes for their business and the
planet. For more information, visit autodesk.com or follow
@autodesk. #MakeAnything
Autodesk is a registered trademark of Autodesk, Inc., and/or its
subsidiaries and/or affiliates in the USA and/or other countries. All other brand
names, product names or trademarks belong to their respective
holders. Autodesk reserves the right to alter product and services
offerings, and specifications and pricing at any time without
notice, and is not responsible for typographical or graphical
errors that may appear in this document.
SAFE HARBOR STATEMENT
This press release contains forward-looking statements that
involve risks and uncertainties, including quotations from
management, statements regarding our strategies, performance,
results, growth, profitability and free cash flow, and all
statements that are not historical facts. There are a significant
number of factors that could cause actual results to differ
materially from statements made in this press release, including:
our strategy to develop and introduce new products and services and
to move to platforms and capabilities, exposing us to risks such as
limited customer acceptance (both new and existing customers),
costs related to product defects, and large expenditures; global
economic and political conditions, including changes in monetary
and fiscal policy, foreign exchange headwinds, recessionary fears,
supply chain disruptions, resulting inflationary pressures and
hiring conditions; geopolitical tension and armed conflicts, and
extreme weather events; costs and challenges associated with
strategic acquisitions and investments; our ability to successfully
implement and expand our transaction model; dependency on
international revenue and operations, exposing us to significant
international regulatory, economic, intellectual property,
collections, currency exchange rate, taxation, political, and other
risks, including risks related to the war against Ukraine launched by Russia and our exit from Russia and the current conflict between
Israel and Hamas; inability to
predict subscription renewal rates and their impact on our future
revenue and operating results; existing and increased competition
and rapidly evolving technological changes; fluctuation of our
financial results, key metrics and other operating metrics; our
transition from up front to annual billings for multi-year
contracts; deriving a substantial portion of our net revenue from a
small number of solutions, including our AutoCAD-based software
products and collections; any failure to successfully execute and
manage initiatives to realign or introduce new business and sales
initiatives, including our new transaction model for Flex; net
revenue, billings, earnings, cash flow, or new or existing
subscriptions shortfalls; social and ethical issues relating to the
use of artificial intelligence in our offerings; our ability to
maintain security levels and service performance meeting the
expectations of our customers, and the resources and costs required
to avoid unanticipated downtime and prevent, detect and remediate
performance degradation and security breaches; security incidents
or other incidents compromising the integrity of our or our
customers' offerings, services, data, or intellectual property;
reliance on third parties to provide us with a number of
operational and technical services as well as software; our highly
complex software, which may contain undetected errors, defects, or
vulnerabilities; increasing regulatory focus on privacy issues and
expanding laws; governmental export and import controls that could
impair our ability to compete in international markets or subject
us to liability if we violate the controls; protection of our
intellectual property rights and intellectual property infringement
claims from others; the government procurement process;
fluctuations in currency exchange rates; our debt service
obligations; and our investment portfolio consisting of a variety
of investment vehicles that are subject to interest rate trends,
market volatility, and other economic factors.
Further information on potential factors that could affect the
financial results of Autodesk are included in Autodesk's Form 10-K
and subsequent Forms 10-Q, which are on file with the U.S.
Securities and Exchange Commission. Autodesk disclaims any
obligation to update the forward-looking statements provided to
reflect events that occur or circumstances that exist after the
date on which they were made.
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SOURCE Autodesk, Inc.