Symantec CEO Greg Clark Steps Down
May 11 2019Symantec this week announced an executive shakeup that included the departure of CEO Greg Clark and the naming of a new chief financial officer.
Clark, who took over the helm of Symantec in 2016 after the firm acquired Web and cloud security vendor Blue Coat Networks, where he served as CEO, for $4.65 billion. Under Clark’s tenure, Symantec acquired identity protection vendor LifeLock in late 2016 for $2.3 billion, and in 2017 formed a cybersecurity venture capital arm, Symantec Ventures, an incubator for new startups.
Richard S. Hill, Symantec director and former chairman and CEO of Novellus Systems, will serve as interim president and CEO while the company searches for a new CEO.
Meanwhile, Vincent Pilette, CFO of Logitech, was named executive vice president and CFO of Symantec. Pilette fills the slot of former Symantec CFO Nicholas Noviello, who stepped down in January.
The executive changes came as Symantec reported missed earnings for its fiscal fourth quarter. It announced earnings of $34 million on $1.19 billion in sales, a drop from $1.21 billion one year ago, according to MarketWatch.
Join Dark Reading LIVE for two cybersecurity summits at Interop 2019. Learn from the industry’s most knowledgeable IT security experts. Check out the Interop agenda here.
Dark Reading’s Quick Hits delivers a brief synopsis and summary of the significance of breaking news events. For more information from the original source of the news item, please follow the link provided in this article. View Full Bio
Symantec CEO Greg Clark Steps Down
May 11 2019Symantec this week announced an executive shakeup that included the departure of CEO Greg Clark and the naming of a new chief financial officer.
Clark, who took over the helm of Symantec in 2016 after the firm acquired Web and cloud security vendor Blue Coat Networks, where he served as CEO, for $4.65 billion. Under Clark’s tenure, Symantec acquired identity protection vendor LifeLock in late 2016 for $2.3 billion, and in 2017 formed a cybersecurity venture capital arm, Symantec Ventures, an incubator for new startups.
Richard S. Hill, Symantec director and former chairman and CEO of Novellus Systems, will serve as interim president and CEO while the company searches for a new CEO.
Meanwhile, Vincent Pilette, CFO of Logitech, was named executive vice president and CFO of Symantec. Pilette fills the slot of former Symantec CFO Nicholas Noviello, who stepped down in January.
The executive changes came as Symantec reported missed earnings for its fiscal fourth quarter. It announced earnings of $34 million on $1.19 billion in sales, a drop from $1.21 billion one year ago, according to MarketWatch.
Join Dark Reading LIVE for two cybersecurity summits at Interop 2019. Learn from the industry’s most knowledgeable IT security experts. Check out the Interop agenda here.
Dark Reading’s Quick Hits delivers a brief synopsis and summary of the significance of breaking news events. For more information from the original source of the news item, please follow the link provided in this article. View Full Bio
