Aspen Technology’s CFO Departs – C-Suite Transitions
Welcome to edition 64 of C-Suite Transitions, a weekly series on InsideArbitrage that tracks appointments and departures at publicly traded companies during the prior week. We highlight five appointments and departures each week by picking the largest companies from the full list of management changes.
Sudden Departures
- PRST: On October 16, 2023, Presto Automation announced that President Dan Mosher resigned.
- SLCA: On October 18, 2023, U.S. Silica Holdings announced Chief Financial Officer Donald A. Merril was terminated without cause effective as of October 20, 2023.
- FUV: On October 16, 2023, Arcimoto Chief Legal Officer John W. Dorbin, Jr., notified the company of his decision to resign from his position, effective October 19, 2023.
Aspen Technology, Inc. (AZPN) $180.92
Market Cap: $11.55B
EV: $11.40B
Key Insights
- Aspen Technology, Inc., also known as AspenTech provides software and services that empower energy and chemical industry professionals to design facilities and enhance maintenance and operations.
- In October 2021, Emerson Electric (EMR) announced its acquisition of a 55% majority stake in AspenTech for $6 billion.
- On October 19, 2023, AspenTech announced that Chantelle Breithaupt would step down as Chief Financial Officer for another opportunity.
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