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Altium restructures top team

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Sydney-based EDA developer Altium has shuffled its boardroom pack. Founder and previously joint chief executive officer, Nick Martin, assumes the role of chief executive officer, with overall responsibility for executive management of the company

Kayvan Oboudiyat, formerly joint chief executive officer, moves to the position of executive vice chairman.

Although the previous arrangements served their purpose well, the board now feels that at this stage of its development, the company will be better served by having its founder, Nick Martin, serve as its CEO, says Carl Rooke, the companys chairman.

In addition, the board have accepted the resignation of Bruce Edwards as an executive of the company and has re-affirmed its support for him as a non-executive director.

Edwards served as a member of the board since 2001.

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