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Short Take: Cad.Lab appoints Costello chairman and managing director

Cad.Lab an Italian supplier of computer-aided design (CAD) technology, has announced the appointment of Joseph B. Costello to the position of managing director and chairman of the board. Costello most recently served as vice chairman of educational software company Knowledge Universe, which is partly owned by former junk-bond king Michael Milken. A 13-year veteran of Cadence Design Systems before his brief stint at Knowledge, Costello will be responsible for strategy development, globalization, and building sales and marketing infrastructure at Cad.Lab.

    Cad.Lab an Italian supplier of computer-aided design (CAD) technology, has announced the appointment of Joseph B. Costello to the position of managing director and chairman of the board. Costello most recently served as vice chairman of educational software company Knowledge Universe, which is partly owned by former junk-bond king Michael Milken. A 13-year veteran of Cadence Design Systems before his brief stint at Knowledge, Costello will be responsible for strategy development, globalization, and building sales and marketing infrastructure at Cad.Lab.