Cloud Computing: Citrix actively searching for new CEO
April 24, 2014
Grazed from Sun-Sentinal. Author: Marcia Heroux Pounds.
Cloud computing company Citrix Systems has begun interviewing candidates for CEO, the current chief executive said Wednesday. "We’ve seen candidates," said CEO Mark Templeton, who previously announced plans to retire within the year. Templeton said the Citrix board would look for what Citrix most values in leaders, including cultural fit — "how we do business matters to us as much as how much business we do," he said.
Citrix’s search committee also will look for a "strong product leader" who can steer the company through a more competitive landscape and "a great team leader," he said. Fort-Lauderdale-based Citrix, which makes tools for people to "work from anywhere," said Wednesday that first-quarter revenues rose 12 percent to $751 million, compared with $673 million in the same quarter in 2013…
But profits were lower. Net income for the first quarter of fiscal 2014 was $56 million, or 30 cents a share, compared with $60 million, or 32 cents a share, for same quarter in 2013. Results include a restructuring charge of about $10 million for severance costs "incurred to better align resources to strategic initiatives," the company said in a news release…
Read more from the source @ http://www.sun-sentinel.com/news/palm-beach/fl-citrix-first-quarter-earnings-20140424,0,3220501.story
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