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Templeton To Step Down from Citrix Within a Year

Citrix Systems Inc. is looking for a new CEO.

Mark Templeton, who has been the public face of Citrix for more than a decade, is returning from a leave of absence, but intends to retire within the next year, subject to naming a successor, the company announced Wednesday.

Templeton went on a leave in October, following the death over the summer of his youngest child, Pierce, 27. Executive Vice President and Chief Financial Officer David Henshall filled in as acting CEO.

Templeton is returning to the CEO role, and the Citrix board of directors has started a search process to find the next CEO. Henshall has been promoted to chief operating officer, and will also retain his previous titles.

"I would like to express my deep appreciation to the board of directors for allowing me time to support my family," Templeton said in a statement. "I remain fully committed to Citrix until my successor is named and the CEO transition is complete."

According to his company bio, Templeton joined Citrix in 1995 as vice president of marketing and became president in 1998 and CEO in 2001.

"Under his leadership, Citrix has been transformed from a $15 million organization with one product, one customer segment and one go-to-market path, to a global powerhouse," the bio states.

On Wednesday, Citrix reported revenues of $2.92 billion and net income of $340 million for all of 2013. The company has also built a powerful channel presence in that time, with an estimated 10,000 business partners.

Posted by Scott Bekker on January 30, 2014 at 10:11 AM


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