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MENTOR GRAPHICS NAMES RICHARDS TO SENIOR VP PRODUCT OPERATIONS; COMPANY LAUNCHES CEO SEARCH

 WILSONVILLE, Ore., Feb. 5 /PRNewswire/ -- Mentor Graphics Corporation announced today the appointment of Waldo J. (Jay) Richards, 53, to the position of Senior Vice President of Product Operations. The company also announced that Chairman and CEO Thomas H. Bruggere, 46, remains as chairman and will actively continue in his position as CEO while the company begins an immediate search for a new CEO.
 "As we stated in our fourth quarter earnings announcement this week, Mentor Graphics is well-positioned for solid long term results," stated Thomas H. Bruggere, Chairman and CEO of Mentor Graphics Corporation. "Financially, we ended fiscal 1992 with a profitable fourth quarter, a strong indication that customer support has rallied around our V8 environment. We believe our software release V8.2, on schedule for product shipment this quarter, will deliver the industry's highest performance and most tightly integrated EDA environment.
 "In order to firmly establish Mentor Graphics for financial success in the 1990s, three years ago I identified a number of very specific organizational, product performance/delivery, sales and customer satisfaction goals. With that accomplished, I feel comfortable in moving on to the next phase of my corporate plan which includes recruiting a new CEO and returning to my non-operating role as chairman of the board," Bruggere concluded.
 A 35-year veteran of the computer and software industries, Richards has served in various management and engineering roles at leading corporations including HP, IBM and most recently Sequent Computer Corporation. As Chief Operating Officer of Sequent, he played a major role in the company's return to profitability. In his role at Mentor Graphics, Richards will be fully responsible for the company's worldwide product development and marketing. Richards will begin fulltime employment at Mentor Graphics on March 1, 1993. He holds an M.S. in computer engineering from Stanford University.
 Mentor Graphics Corporation (NASDAQ: MENT), Wilsonville, Ore., was established in 1981 to design, manufacture, market and service electronic design automation (EDA) systems. The company is a leader in worldwide EDA sales, with revenues of $350,766,000 over the past 12 months. The company currently employs approximately 2,200 people. The company has sales and support offices in locations worldwide. The company's headquarters are located at 8005 S.W. Boeckman Road, Wilsonville, Ore. 97070-7777.
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 /CONTACT: Jackie Kraybill, 503-685-1462, or Dottie Wanat, 503-685-7760, both of Mentor Graphics Corp.; or Marge Breya of KVO, Inc., 503-685-1188, for Mentor Graphics Corp./
 (MENT)


CO: Mentor Graphics Corporation ST: Oregon IN: CPR SU: PER

ML -- NYON1 -- 3370 02/05/93 08:31 EST
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Date:Feb 5, 1993
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