Citrix Systems CEO Mark Templeton to retire

Citrix Systems CEO Mark Templeton to retire
Templeton will stay on until his replacement is named.
Published: 30 January 2014 - 2:33 p.m.
By: Manda Banda

Citrix Systems has announced that CEO Mark Templeton will be retiring within the next year and the vendor's board has begun searching for his successor, the company has said.

Templeton, who joined Citrix in 1995 and has been CEO since 2001, has been on a temporary leave of absence since October. He'll be returning as CEO and will stay on until his replacement is named, Citrix said in its fiscal fourth quarter earnings call.

Templeton is credited with building Citrix from a $15m company into a major cloud and virtualisation player with more than $2.9bn in fiscal 2013 revenue. Citrix, which leads the desktop virtualisation market, has also been pushing hard into software for managing mobile devices and the content stored on them.

Citrix also promoted interim CEO David Henshall to COO and said he'll be keeping some of the executive responsibilities he's been handling during Templeton's absence. Henshall is also Citrix's CFO and oversees its finance and accounting organisations.

For its fourth quarter, Citrix's profit grew 22% year-over-year to $138.6m, or 74 cents per share. Revenue grew more than 8% during the quarter to $802.4m.

Citrix is expecting first-quarter earnings of 57 to 60 cents per share and revenue growth between 8 and 10%.

For fiscal 2014, Citrix is expecting earnings of $2.85 to $2.95 per share and revenue growth of 8 to 10%.

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