Citrix kicks off CEO search

Citrix is starting the process of searching for a new CEO after Mark Templeton announced plans to retire in the next year

Citrix has used the announcement of its fourth quarter results as the moment to clarify the future of its CEO position revealing that Mark Templeton will leave the firm within the next year.

Templeton has been on a leave of absence since October following a family bereavement and although he has now returned to the helm it will not be a permanent resumption of duties.

David Henshall, who had been serving as an interim CEO steps into a position of COO and the vendor indicated that it will be starting a search for a replacement for Templeton.

“I remain fully committed to Citrix until my successor is named and the CEO transition is complete," said Templeton, who also thanked the Board for giving him the time to support his family.

The cloud specialist saw its revenues improve by 8% year-on-year for the quarter ended 31 December with $802m being generated and net income also improved in Q4 although for the year as a whole it dropped from $353m to $340m.

“We continued to see strong growth in our networking business for both the quarter and for the full year,” said David Henshall, acting chief executive officer and chief financial officer. “In the mobility space, XenMobile, while still early stage, also showed strong momentum. We are well positioned to help our customers embrace enterprise mobility by providing infrastructure and cloud services to build and manage secure, mobile workspaces.”

The fourth quarter numbers were an improvement on the previous quarter, which had led the vendor to warning the market it would not hit the numbers because of a slowness by some customers to sign off contracts.

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