Citrix Announces CEO Succession Plan
Mark B. Templeton to retire as president and CEO. Board of directors initiates search to identify successor.
SANTA CLARA, Calif. – July 28, 2015 – Citrix Systems, Inc. (NASDAQ: CTXS) today announced that the company’s president and chief executive officer, Mark Templeton, has informed the board of directors of his plans to retire. Mr. Templeton will continue to serve as president and CEO and a director of the company until such time as a successor has been appointed.
The Citrix Board has initiated a CEO search process and has retained Heidrick & Struggles, a leading executive search firm, to assist with the process of identifying and evaluating candidates.
“I will continue to focus on leading Citrix and driving value-creating change until we are ready to make a smooth transition,” said Mr. Templeton. “I have total confidence that the board will identify a great candidate to serve Citrix into the future.”
“Mark Templeton is a software industry giant. Under his 20 years of leadership, Citrix has transformed to a $3b global technology leader,” said Thomas Bogan, lead independent director for Citrix. “We look forward to continuing to work with Mark to drive the strategy we have laid out for the future, while we work to identify his best possible successor.”
About Mark B. Templeton
Mark Templeton has served as President of Citrix since 1998 and Chief Executive Officer 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 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’s Darden School.
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