Thursday, January 21, 2016

Citrix Appoints New CEO - Kirill Tatarinov

Citrix announced the appointment of Kirill Tatarinov as President and CEO.

Kirill Tatarinov most recently served as Executive Vice President of the Microsoft Business Solutions Division (MBS) with responsibility for the Microsoft Dynamics business across development, sales, marketing, and operations. Prior to joining MBS in 2007, Mr. Tatarinov led the Management and Solutions Division at Microsoft, where he was in charge of the Microsoft Windows management technologies and products, including Microsoft System Center, as well as Windows Server solutions. Before joining Microsoft in 2002, Mr. Tatarinov was Senior Vice President and Chief Technology Officer for BMC. Tatarinov earned a master’s degree in systems engineering from Moscow University of Transport Engineering and a master’s in business administration from Houston Baptist University.

http://www.citrix.com


Citrix's CEO Steps Down, Elliot Mgt. Exec Joins Board

Mark Templeton has decided to step down as president and CEO of Citrix Systems. He has served in that position since 1998. The Citrix Board has initiated a CEO search process and has retained Heidrick & Struggles to assist with the process of identifying and evaluating candidates.

Citrix also announced a cooperation agreement with Elliott Management Corporation, an investment firm whose affiliated funds own approximately 7.5 percent of the company’s common stock.  Elliott’s Jesse Cohn has been appointed to the Citrix board of directors to replace Asiff Hirji who has decided to step down from the company's board, effective immediately. In addition, as part of its continuing board evolution process, the company will commence a search for an additional independent board member, mutually agreeable to Citrix and Elliott, who will replace a current board member when appointed. In addition, Elliott and certain of its affiliates have agreed to customary standstill, voting and other provisions for a period of at least a year. Citrix has also formed an operations committee, which will work closely with the company’s management team on a comprehensive operational review focusing on improving Citrix’s margins, profitability and capital structure.

https://www.citrix.com/news/announcements/jul-2015/cooperation-agreement.html

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