|[June 26, 2014]
Mark Templeton to Continue as CEO of Citrix Citrix Appoints Robert M. Calderoni to Board of Directors
SANTA CLARA, Calif. --(Business Wire)--
Citrix Systems (News - Alert), Inc. (NASDAQ:CTXS) today announced that its President
and Chief Executive Officer, Mark B. Templeton, will remain in his
current role and will not retire next year as previously announced. In
addition, as part of its ongoing commitment to evolve its board of
directors, Citrix announced the addition of Robert (Bob) M. Calderoni to
its board, effective immediately.
Citrix Chairman Thomas F. Bogan said, "Since January, the Board has been
working diligently with outside advisors to select our next CEO. During
the search, Mark informed us that, after much consideration, his desire
was to stay on as CEO. After completing our search process, and
considering a number of qualified candidates, the Board concluded that
Mark is the best leader to drive the Company forward at this time of
dynamic change in our business."
"While Mark has made a multi-year commitment, CEO succession remains an
important focus for our Board and we will continue to manage for the
time when he steps down," Bogan said.
Templeton said, "While I had planned to retire within the year following
my leave of absence, my personal circumstances have changed, and I am
more determined than ever to lead Citrix through its next wave of
transformation. Our core businesses have market-leading positions and
our early successes in mobile and cloud services put the Company at a
pivotal inflection point in its evolution. I deeply appreciate the
Board's support for my continued leadership of the company at this
important time. There is much to be done, and my commitment to drive the
business forward is unwavering."
Templeton joined Citrix in 1995 as Vice President of Marketing, prior to
its initial public offering. He was appointed President in 1998 and
Chief Executive Officer in 2001. During his tenure, Citrix has
transformed from a one-product, $15 million organization, to a globa
leader with revenues of $2.9 billion in 2013. He has played a key role
in shaping Citrix's culture, market direction, product strategy and
passion for customers. He holds a bachelor's degree in product design
from North Carolina State University and an MBA from the University of
Virginia, Darden School of Business.
Citrix also announced today the addition of Bob Calderoni to its board.
Mr. Calderoni previously served as President and Chief Executive Officer
of Ariba, Inc., an SAP (News - Alert) company, and as a member of the Global Managing
Board at SAP AG between 2012 and 2014.
Prior to the acquisition of Ariba by SAP in May 2012, Mr. Calderoni was
Chairman and Chief Executive Officer of Ariba, beginning in July 2003.
Prior to that, he held the roles of president and CEO and Executive Vice
President and Chief Financial Officer.
Prior to joining Ariba in November 2000, Mr. Calderoni served as Chief
Financial Officer at Avery Dennison Corporation, Senior Vice President
of Finance and Controller at Apple Computer, and Vice President of
Finance at IBM (News - Alert) Corp.
"Bob brings to us a wealth of industry experience and proven
capabilities in governing and managing competitive, global scale
enterprises," said Thomas Bogan. "We are honored to have a new director
of Bob's capabilities and character serve on the Citrix board."
Mr. Calderoni also serves as a member of the board of directors of
Juniper Networks (News - Alert) and KLA-Tencor. Mr. Calderoni is a Certified Public
Accountant and holds a Bachelor of Science Degree in Business
Administration, Public Accounting & Finance from Fordham University.
Citrix (NASDAQ:CTXS) is a leader in mobile workspaces, providing
virtualization, mobility management, networking and cloud services to
enable new ways to work better. Citrix solutions power business mobility
through secure, personal workspaces that provide people with instant
access to apps, desktops, data and communications on any device, over
any network and cloud. This year Citrix is celebrating 25 years of
innovation, making IT simpler and people more productive. With annual
revenue in 2013 of $2.9 billion, Citrix solutions are in use at more
than 330,000 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. These
forward-looking statements 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 products, their development, integration and distribution, product
demand and pipeline, customer acceptance of new products, economic and
competitive factors, Citrix's key strategic relationships, acquisition
and related integration risks as well as other risks detailed in
Citrix'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
Citrix® is a registered trademark of Citrix Systems, Inc. in the U.S.
and other countries. All other trademarks and registered trademarks are
property of their respective owners.
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