MOUNTAIN VIEW, Calif.–(BUSINESS WIRE)–Symantec Corp. (NASDAQ:SYMC) today announced that Michael A. Brown will be stepping down as President and Chief Executive Officer. Mr. Brown will continue to serve as CEO and as a director of the company until a successor has been appointed. The Symantec Board of Directors has begun the search for the Company’s next CEO.
To facilitate a continued focus on the Company’s strategic priorities throughout the CEO search and transition, the Board has created an Office of the President composed of: Ajei S. Gopal, who is joining the Company as Interim President and Chief Operating Officer; Thomas J. Seifert, Symantec’s Executive Vice President and Chief Financial Officer; and Scott C. Taylor, Symantec’s Executive Vice President, General Counsel and Secretary. The Office of the President is expected to remain in place until a new CEO has joined the Company.
On behalf of Symantec’s Board, Chairman Daniel H. Schulman said, “We thank Mike for guiding Symantec through a critical period of transition as President and CEO. Under his leadership, Symantec has successfully executed against the five priorities of its transformation, including divesting Veritas, developing a new product roadmap in enterprise security, improving our cost structure, strengthening our executive team, and continuing to return significant cash to shareholders. Given our solid financial foundation and clear path forward as the leader in cybersecurity, this is the right time to transition leadership for Symantec’s next chapter of growth. We appreciate Mike’s continued support as the Board conducts a thoughtful and comprehensive search for Symantec’s next CEO.” For the full article click here
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