Symantec Corp's chief executive officer stepped down unexpectedly on Thursd...
- Symantec Corp’s chief executive officer stepped down unexpectedly on Thursday, the same day the antivirus software maker issued a profit warning, sending the shares plunging in after-hours trading.
Symantec said CEO Greg Clark will be replaced by director Richard Hill on an interim basis. Hill was formerly CEO of semiconductor maker Novellus Systems, giving him experience in enterprise sales, an area where Symantec has faltered. The software company also said it expects first-quarter profit between 30 cents and 34 cents per share, below estimates of 40 cents per share.“This is a disaster of epic proportions. The guidance combined with abrupt CEO departure will be a major gut punch to the Street. There are a lot of questions with minimal answers,” Daniel Ives, analyst at Wedbush said.
The leadership change follows multiple key executive exits at Symantec late last year, including the chief operating officer and the chief marketing officer.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Symantec stock plummets as CEO steps down amid earnings missSymantec Corp. shares were slammed in after-hours trading Thursday, after the company reported an earnings miss and disappointing guidance and Chief...
Read more »
Bridgewater Co-CEO Eileen Murray Weighs Leaving World’s Largest Hedge FundBridgewater co-CEO Eileen Murray has held repeated conversations inside and outside of the firm about leaving the world’s largest hedge fund.
Read more »
'Unsophisticated' investors are overreacting to Democrats' calls for 'Medicare for All,' warns ex-Aetna CEOHealth-care stocks are underperforming the market because of investor alarm over political 'slogans' from Democrats, says former Aetna CEO Ronald Williams.
Read more »
Daimler CEO says successor will have tough jobDaimler's next chief executive will have a tough job to restore margins at ...
Read more »
GE CEO expects weaker quarters for rest of 2019, higher China tariff costsGeneral Electric Co Chief Executive Larry Culp said on Wednesday that the compan...
Read more »
Congress calls virtually everyone to testify on Boeing 737 Max crashes — except Boeing's CEOIn two hearings held in late March and one scheduled for next week, U.S. lawmakers are grilling virtually every major official involved in the 737 Max program — except Boeing CEO Dennis Muilenburg.
Read more »
Watch CNBC's full interview with Dunkin' CEO David Hoffman'Dunkin' is about being bartenders,' Dunkin' CEO David Hoffmann said, elaborating that the difference between a bartender and barista is that bartenders are more authentic and 'gritty.'
Read more »
Match stock soars on strong subscriber growth and CEO says it's largely because of TinderGinsberg was also excited to talk about Hinge. 'We've seen tremendous traction with Hinge ... and real word-of-mouth marketing,'
Read more »
Glenview’s Larry Robbins says he’s shorting 3M shares, likes healthcare stocks: SohnGlenview Capital Management CEO Larry Robbins said at the Sohn Investment Confer...
Read more »
Adidas CEO: Beyonce will be a great addition to our 'dream team''With the signing of Beyonce in addition to Kanye West, we believe we have a dream team,' Adidas CEO Kasper Rorsted said, discussing the company's latest earnings report.
Read more »
This Health CEO Is Calling For Solar Power In The 'Hot And Unforgiving' Pilbara'It’s basically at the centre of the West Australian desert.'
Read more »