Board Continues Search for Permanent CEO
Citrix (NASDAQ:CTXS) today announced that Robert Calderoni, Citrix’s
Executive Chairman, has been unanimously appointed interim president and
CEO, effective immediately. Mr. Calderoni will continue serving as
Executive Chairman on the Citrix Board of Directors. Mark Templeton,
current president and CEO, will serve in an advisory role through the
end of the year.
The Board’s previously announced CEO search process remains underway,
led by a search committee consisting of Mr. Calderoni (committee chair),
Godfrey R. Sullivan and Jesse A. Cohn, with the assistance of executive
search firm, Heidrick & Struggles.
“On behalf of the Board, I would like to thank Mark for his vision,
talent and leadership over the last two decades,” said Thomas Bogan,
lead independent director for Citrix. “Mark’s contributions in
transforming our company into a $3 billion global technology leader, to
our customers, and to our industry have been remarkable, and the entire
Citrix team wishes him the very best.”
Mr. Bogan continued, “We are fortunate that Bob has agreed to step into
the role of interim CEO during this important time for Citrix. With more
than 30 years of executive experience in the technology sector, and as a
director of Citrix, Bob has a deep understanding not only of the
marketplace, but of our business as well. We thank Bob for assuming
these additional responsibilities while the committee continues to
conduct its CEO search process, and believe that he is the right choice
to lead Citrix as we continue to focus on the transformative initiatives
announced in July.”
Mr. Calderoni said, “The Citrix team has a deep bench of talented
employees, and I look forward to working together, alongside the Board
and leadership team, as we execute on our strategy to securely deliver
the world’s most important apps. In addition to our CEO search, I will
be focused on continuing the momentum we have in our operational and
strategic review of the business. Citrix remains well positioned to
build on its positive momentum, as evidenced by the strong financial
results announced today.”
Mr. Templeton said, “It has been an honor and a truly rewarding
experience to lead this company and to work with the finest team in the
industry, as well as the best customers and partners in the world.
Citrix will continue to excel under Bob’s leadership, and the Board will
continue its thoughtful and deliberate process of selecting a permanent
CEO. Every day that I have spent at Citrix has been a privilege, and I
look forward to staying on in an advisory role to ensure a smooth
transition.”
About Robert Calderoni
Bob Calderoni was appointed as a director of the Citrix Board in June
2014, and as Executive Chairman of the Board in July 2015. Mr. Calderoni
previously served as Chairman and CEO of Ariba, Inc., from 2001 until it
was sold to SAP in October 2012. Following the acquisition, Mr.
Calderoni remained CEO of Ariba and was also appointed a member of the
global managing board at SAP AG between 2012 and 2014. Prior to his role
as CEO, Mr. Calderoni was CFO of Ariba from January 2001 to October
2001. Prior to joining Ariba in January 2001, Mr. Calderoni served as
CFO at Avery Dennison Corporation, Senior Vice President of Finance at
Apple, and Vice President of Finance at IBM. He is also a member of the
Board of Directors of Juniper Networks and KLA Tencor.
About Mark B. Templeton
Mark Templeton has served as President of Citrix since 1998 and CEO
since 2001. He joined Citrix in 1995 as Vice President of Marketing,
prior to the company’s initial public offering. Under his leadership,
Citrix has been transformed from a $15 million organization with one
product, one customer segment and one go-to-market path, to a global
powerhouse with annual revenues of $3.14 billion and 100 million users
worldwide. Since 2008, Mr. Templeton has served on the Board of
Directors of Equifax, a global information solutions provider. Mr.
Templeton holds a Bachelor’s degree in product design from North
Carolina State University and an MBA from the University of Virginia.
About Citrix
Citrix (NASDAQ:CTXS) is leading the transition to software-defining the
workplace, uniting virtualization, mobility management, networking and
SaaS solutions to enable new ways for businesses and people to work
better. Citrix solutions power business mobility through secure, mobile
workspaces that provide people with instant access to apps, desktops,
data and communications on any device, over any network and cloud. With
annual revenue in 2014 of $3.14 billion, Citrix solutions are in use at
more than 400,000 organizations and by over 100 million users globally.
Learn more at www.citrix.com.
For Citrix Investors
This release contains forward looking statements which are made pursuant
to the safe harbor provisions of Section 27A of the Securities Act of
1933 and of Section 21E of the Securities Exchange Act of 1934. The
forward looking statements in this release do not constitute guarantees
of future performance. Those statements involve a number of factors that
could cause actual results to differ materially, including risks
associated with changes and transitions in management personnel, the
Board’s ongoing CEO search, the impact of the global economy and
uncertainty in the IT spending environment, revenue growth and
recognition of revenue, products and services, their development and
distribution, product demand and pipeline, economic and competitive
factors, the Company’s key strategic relationships, as well as other
risks detailed in the Company’s filings with the Securities and Exchange
Commission. Citrix assumes no obligation to update any forward looking
information contained in this press release or with respect to the
announcements described herein.
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