Symantec CEO Enrique Salem has stepped down

Security software vendor Symantec said Wednesday that Enrique Salem, its president and chief executive officer, had stepped down with immediate affect, after the company reported that its revenue for the quarter ended June 29 grew 1 per cent year-over-year to US$1.7 billion.

Symantec said its board of directors has appointed Steve Bennett, the current chairman of the board, to also hold the posts of president and chief executive officer.

The board’s decision to make a leadership change was not based on any particular event or impropriety but was instead made after ongoing consideration and a deliberative process, said Dan Schulman, Symantec’s newly-appointed lead director, in a statement. Bennett however said that in his view “Symantec’s assets are strong and yet the company is underperforming against the opportunity.”

Would you recommend this article?

Share

Thanks for taking the time to let us know what you think of this article!
We'd love to hear your opinion about this or any other story you read in our publication.


Jim Love, Chief Content Officer, IT World Canada

Featured Download

Related Tech News

CDN in your inbox

CDN delivers a critical analysis of the competitive landscape detailing both the challenges and opportunities facing solution providers. CDN's email newsletter details the most important news and commentary from the channel.