Activist investor Starboard Value has been engaging with the board of Autodesk , continuing its push to improve the company's operations and financial performance, according to a presentation viewed by CNBC.
Starboard wants Autodesk's board to reassess whether CEO Andrew Anagnost, who has helmed the software maker for seven years, is the right person to lead the company forward, according to the presentation.
The activist investor has shared the presentation's findings with Autodesk's board in recent weeks, after disclosing a $500 million stake in the company earlier this year.
Starboard is also pushing for cost cuts and a realigned executive compensation plan, all of which it believes can drive margin improvement of up to 1,000 basis points.
But Starboard has shown no signs of relenting, continuing to press the company and shareholders for change.
Persons:
Andrew Anagnost, Anagnost, Dow Jones, Deborah Clifford, Jeff Smith
Organizations:
Autodesk, CNBC, GoDaddy
Locations:
Delaware, Salesforce