Aug 6 (Reuters) - Starboard Value has been engaging with
the board of Autodesk ( ADSK ), continuing its push to improve
the design software maker's operations and financial
performance, the activist investor said in a presentation on
Tuesday.
Starboard wants Autodesk's ( ADSK ) board to assess whether CEO
Andrew Anagnost, who has helmed the software maker for seven
years, is the right choice to lead the company.
The activist investor, which disclosed a $500 million stake
in the company earlier this year, is also pushing for cost cuts
and a realigned executive compensation plan.
Autodesk ( ADSK ) did not immediately respond to Reuters' request for
comment.
Last month
, Starboard said that Autodesk's ( ADSK ) management had
"intentionally" misled investors after it disclosed an
accounting issue in May.
It accused Autodesk ( ADSK ) of "subpar operational and financial
performance", while identifying significant cost reduction
opportunities.
CNBC reported the news earlier in the day.