12:59 PM EDT, 08/22/2024 (MT Newswires) -- Starboard Value has urged Autodesk's ( ADSK ) board to "objectively" evaluate whether Chief Executive Andrew Anagnost is the right choice to lead the company after recent accounting issues.

"There is an urgent need for significant change at the company," the activist investor said Thursday in a statement.

Starboard said senior executives at Autodesk ( ADSK ) engaged in business practices that were not in the best interest of the company and posed "significant risks." These actions were reportedly intended to "manipulate" results to achieve financial targets, it added.

An Autodesk ( ADSK ) spokesperson told MT Newswires that the company "is fully committed to transparency and focused on creating long-term shareholder value as we execute on our strategy, which is driving strong momentum in our business."

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