Synopsys Settles with Elliott, Names Firm’s Jesse Cohn to Board

Synopsys Inc. said it has reached an agreement with Elliott Investment Management and is appointing the activist investor’s Jesse Cohn to the chip-design software maker’s board.

Under the settlement, Elliott has agreed to standstill and voting commitments. Cohn, a managing partner at Elliott who has served on other tech company boards, will join the Synopsys board on June 1, the company said in a statement Wednesday. He will also serve on the corporate governance and nominating committee. His appointment will expand Synopsys’ board to 11 members.

“As an experienced board member, Jesse brings a uniquely differentiated perspective,” Aart de Geus ...