Synopsys Appoints Former Deloitte Executive Peter Shimer to Board of Directors and Announces Board Transitions

Rhea-AI Summary

Synopsys (NASDAQ: SNPS) appointed Peter A. Shimer to its board of directors effective Feb 19, 2026, and named him to the board's audit committee. Shimer brings four decades at Deloitte, where annual revenue rose over 135% to $30 billion during his tenure. The board will not renominate Luis Borgen and Dr. Ajei Gopal for re-election and they will remain through the 2026 annual meeting. Leadership said the changes support director refreshment amid the ongoing Ansys integration.

Positive

• Appointment of Peter Shimer to board and audit committee
• Shimer's Deloitte tenure coincided with revenue +135% to $30 billion
• Board cites refreshment while Ansys integration continues

Negative

• Two directors (Luis Borgen, Ajei Gopal) not renominated for 2026

SUNNYVALE, Calif., Feb. 19, 2026 /PRNewswire/ -- Synopsys, Inc. (NASDAQ: SNPS) today announced the appointment of Peter A. Shimer to its board of directors. Shimer brings four decades of experience at international public accounting firm Deloitte where he held numerous executive roles, including serving as its interim chief executive officer (CEO). During his tenure on the Deloitte executive committee and under his financial stewardship, the firm increased annual revenue by more than 135% to $30 billion. Shimer's appointment is effective immediately, and he will serve on the board's audit committee.

"Pete is an expert at advising executive teams on complex business matters from strategy, to financials, to corporate governance," said Sassine Ghazi, president and CEO of Synopsys. "He will be an excellent addition to the board as we continue to transform Synopsys to empower engineers across industries with leading solutions that help them design and deliver AI-powered products from silicon to systems."

Shimer currently serves as the executive committee chair of the Cancer Artificial Intelligence Alliance (CAIA), a consortium of four leading academic medical centers focused on building the world's most comprehensive and sophisticated cancer laboratories, using AI and a federated learning platform to advance cancer research and clinical outcomes. He previously served in a variety of senior executive roles including chief operating officer and chief financial officer at Deloitte. In addition, he was unanimously selected to serve as the interim CEO of Deloitte in 2022 and 2023. He was responsible for driving improvements in Deloitte's operational performance and strategic initiatives, including the expansion and development of Deloitte University and the global implementation of Deloitte's enterprise resource planning (ERP) system. Shimer also serves on the board of Alaska Airlines. He holds a BA in accounting from the University of Washington.

"It's an honor and an exciting time to join the Synopsys board," said Shimer. "R&D teams across industries are increasingly designing silicon-powered, software-defined and AI-enhanced systems. Synopsys has never had a greater opportunity to provide essential solutions that make modern innovation possible. I look forward to partnering with the board and the leadership team to advance Synopsys' mission to empower innovation that drives human advancement."

Synopsys also announced the board's decision not to renominate Luis Borgen and Dr. Ajei Gopal for re-election to the board, which reflects the board's commitment to ongoing director refreshment. Mr. Borgen and Dr. Gopal will continue to serve on the board through Synopsys' 2026 annual meeting of stockholders.

"Luis and Ajei have been great partners in transforming and positioning Synopsys as a powerful leader in the growing silicon-to-systems engineering market. We're very grateful for their leadership and wish them continued success in their next chapters," said Aart de Geus, executive chair and founder of Synopsys. "With the Ansys integration well underway, and with Pete strengthening an already exceptional team, these transitions underscore the Board's own thoughtful evaluation and commitment to continued refreshment and forward evolution."

About Synopsys

Synopsys, Inc. (Nasdaq: SNPS) is the leader in engineering solutions from silicon to systems, enabling customers to rapidly innovate AI-powered products. We deliver industry-leading silicon design, IP, simulation and analysis solutions, and design services. We partner closely with our customers across a wide range of industries to maximize their R&D capability and productivity, powering innovation today that ignites the ingenuity of tomorrow. Learn more at www.synopsys.com.

© 2026 Synopsys, Inc. All rights reserved. Synopsys, Ansys, the Synopsys and Ansys logos, and other Synopsys trademarks are available at https://www.synopsys.com/company/legal/trademarks-brands.html. Other company or product names may be trademarks of their respective owners.

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Contacts

Media
Cara Walker
cara@synopsys.com
corp-pr@synopsys.com 

 

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SOURCE Synopsys, Inc.

FAQ

Who is Peter Shimer and why did Synopsys (SNPS) appoint him on Feb 19, 2026?

Peter Shimer is a former Deloitte executive with four decades of experience; he joined Synopsys' board effective Feb 19, 2026. According to the company, he served in CFO, COO and interim CEO roles and will serve on the board's audit committee.

What Deloitte track record does Synopsys cite for Peter Shimer in the SNPS announcement?

Synopsys highlights that Deloitte's annual revenue increased more than 135% to $30 billion during Shimer's tenure. According to the company, that performance underpins his financial and operational experience for the audit committee role.

Which Synopsys board members will not be renominated ahead of the 2026 annual meeting?

Luis Borgen and Dr. Ajei Gopal will not be renominated and will serve through the 2026 annual meeting. According to the company, this decision reflects a commitment to ongoing director refreshment.

How does Synopsys say the board changes relate to the Ansys integration for SNPS?

Synopsys links the director transitions to continued evolution while the Ansys integration is underway. According to the company, adding Shimer strengthens the board as integration and strategic transformation proceed.

Will Peter Shimer serve on any Synopsys board committees after his appointment?

Yes, Peter Shimer will serve on Synopsys' audit committee following his appointment effective Feb 19, 2026. According to the company, his financial stewardship and executive experience informed that committee placement.