Citrix Announces CEO Succession Plan, in Talks to Sell ByteMobile

Cloud computing firm, Citrix Systems, Wednesday announced that the company’s long time president and chief executive officer, Mark Templeton will be retiring. Citrix said that Mark will continue to serve his current position until a successor is 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. The company also announced plans to appoint Jesse Cohn of Elliott Management to its board of directors.

During the second quarter announcement, the company announced that it is in talks with buyers to sell the ByteMobile businesses that it acquired in 2012 as part of a major restructuring initiative. Citrix ByteMobile Adaptive Traffic Management solution helps to improve mobile network efficiency with video caching and TCP optimization.

Mark Templeton, President & CEO, Citrix
I will continue to focus on leading Citrix and driving value-creating change until we are ready to make a smooth transition. I have total confidence that the board will identify a great candidate to serve Citrix into the future.

Thomas Bogan, lead independent director for Citrix
Mark Templeton is a software industry giant. Under his 20 years of leadership, Citrix has transformed to a $3b global technology leader. 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.

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