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Salem To Replace Thompson As Symantec CEO Salem To Replace Thompson As Symantec CEO
 
Symantec's CEO John Thompson will retire in early April, at the end of the company's fiscal year.

EFY News Network  (544)

Wednesday, November 19, 2008:  Symantec's chairman and chief executive officer John W. Thompson will retire as CEO at the end of the fiscal year. The board has appointed Enrique T. Salem, Symantec’s chief operating officer, as president and chief executive officer effective 4 April 2009. Following the transition, Thompson will remain chairman of the board and Salem will join the board of directors.
Salem has worked closely with John the past few years to set the company’s strategic direction. In January 2008, Salem was appointed chief operating officer responsible for the company’s day-to-day operations, global product development, sales and marketing. During the past year, he leveraged R&D investments to enhance integration across the portfolio and established a common set of metrics to improve execution and drive results. Salem will continue in his current role as chief operating officer until the end of the fiscal year.

Salem said, “I am delighted to have this opportunity to lead a great company through its next phase of growth and shareholder value creation.”

“I am proud of our team’s accomplishments over the past 10 years as we’ve transformed the company from a consumer software publisher to the leader in Internet security, data protection and storage management,” said Thompson. “I’ve always believed planning for succession was a critical part of my role and, for the past two years, have been working with the board on a thoughtful succession plan. Through that process, Enrique emerged as the right person to lead the company, and I am confident in his ability to continue to drive the success of our team.”

“Over the past 10 years, John has led the effort to diversify Symantec’s customer base and has grown the company’s revenue tenfold. The board appreciates all he has done for Symantec and his leadership in driving the succession planning process,” said Robert S. Miller, lead independent director of Symantec’s board. “We are grateful that John will remain chairman of the board and work with the team to ensure a smooth transition.”

“Enrique is a strong leader with extensive knowledge of our business and great relationships with our customers and employees,” said Miller. “His breadth of experience throughout his career and the depth of his knowledge about Symantec uniquely qualify him to lead the company in its next stage of growth.”

Salem was named 2007 Corporate Executive of the Year by Hispanic Net as well as 2004 Entrepreneur of the Year of Northern California by Ernst and Young.

EFY News Network


 
 
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