James E. Cashman III is President (1999) and CEO (2000) of ANSYS. Before assuming these roles, he was the company’s Senior VP of Operations. According to figures released from Forbes, his salary for 2011 was $555,000 with an additional bonus of $617,300. When Cashman first became CEO, Peter J. Smith who had been in the position prior said, “we’re very fortunate to have someone with Jim’s operational and strategic capability and experience to lead the company forward. Jim’s appointment to CEO is both a formalization of the roles we’ve essentially been playing over the last six months and a recognition of the outstanding job he’s done in driving our worldwide business for the last two years. Our Board of Directors and I have tremendous confidence in Jim and the management team we’ve built at ANSYS.”