Challenged Citrix Sticks with CEO Templeton

  • Tweet  
  • LinkedIn  
  • Facebook  
  • Google plus  
  • Send to Kindle
  • Send to  

Virtualization software vendor Citrix Systems announced CEO Mark Templeton would not retire as previously announced. Instead, he’s made a multiyear commitment to lead the company amid mounting market and technology challenges.

[caption id="attachment_37173" align="alignright" width="335"]Citrix Systems CEO Mark Templeton Citrix Systems CEO Mark Templeton[/caption]

No disputing the success virtualization software vendor Citrix Systems has had under the leadership of CEO Mark Templeton. In his tenure, Citrix has gone from $400 million to more than $3 billion in sales. Little wonder that the board decided to keep their CEO, despite announced plans for his retirement.

Related articles

Last week, Citrix announced that Templeton would stay on as CEO in a “multiyear” agreement. Earlier this year, he announced plans to retire after 14 years at the Citrix helm. Last fall, he took a leave of absence to deal with a family crisis.

"After completing our search process, and considering a number of qualified candidates, the board concluded that Mark is the best leader to drive the company forward at this time of dynamic change in our business," Chairman Thomas F. Bogan said in a statement.

Citrix’s plans to replace Templeton were well defined. At the May Synergy conference, partners and customers alike presented tributes – many emotional – to Templeton’s leadership and service to the company and its reseller community. The company had engaged in a broad replacement search, and had hoped to land a high-profile, seasoned replacement.

No telling on how Citrix and Templeton came to the understanding to extend his service into the indefinite future. However, it could be that Templeton put his personal issues behind him and chose to focus on work. As he says, in his own words, circumstances have changed.

“While I had planned to retire within the year following my leave of absence, my personal circumstances have changed, and I am more determined than ever to lead Citrix through its next wave of transformation. Our core businesses have market-leading positions and our early successes in mobile and cloud services put [Citrix] at a pivotal inflection point in its evolution. I deeply appreciate the Board’s support for my continued leadership of the company at this important time. There is much to be done, and my commitment to drive the business forward is unwavering,” Templeton wrote.

Citrix and its peers have enjoyed much success enabling the virtualized world. Thanks to their innovations and products, the virtualization segment has made possible distributed and ubiquitous computing, consolidated and high-efficient data centers, and flexible computing platforms.

In recent years, Citrix has expanded into virtual desktops, mobility management and software defined networks (SDN). While it’s gaining traction in all three segments, growth is increasingly more challenging. Server virtualization reached market saturation a few years ago, when more than 80 percent of the installed servers were running some form of virtualization software. While SDN and mobility are growth opportunities, competition is stiff.

Generally, the Citrix customer and partner communities have greeted the continuation of Templeton’s administration warmly. However, there was much expectation for fresh perspective and leadership that would come with a new CEO. The board is cognizant of this and has pledged to make concerted efforts to bolster Citrix’s leadership succession plan.

"While Mark has made a multi-year commitment, CEO succession remains an important focus for our board and we will continue to manage for the time when he steps down," Bogan said.

 

  • Tweet  
  • LinkedIn  
  • Facebook  
  • Google plus  
  • Send to Kindle
  • Send to  
More on Channel Business
data-quality

Value over volume, RackWare says of expanded channel partner program

Aim is to have the right coverage with close relationships, VP says

divorce-pa

The velvet divorce? Options and disruptions to come from HP split

News that Hewlett-Packard is breaking into two companies continues to reverberate through the channel. While the ultimate impact on HP partners and customers remains unclear, the new entities will have plenty of options for plying their futures

treasure-chest-with-gold-coins

Channel strikes gold selling to non-techies

Tech sales staff busy selling to business units as much as tech staff, according to Gartner

jessica-m-225x300

Welcome to the new Channelnomics

Channelnomics goes live with new-look site. Join us on Twitter to give us your thoughts - @channelnomics

Visitor comments
Add comments
blog comments powered by Disqus
In-depth
Broken heart

An amicable split?

Where will HP and Symantec's conclusion that the sum of their parts is greater than the whole leave partners?

elvis67878787

Suspicious minds in the post-Snowden world

Investment in new technologies being avoided with security experts wary of cloud and new technologies post-Snowden

Old-fashioned cash register

Vendors need to get with the times, Channel conference hears

MSPs need up-to-date support from vendors, including working together

seo-checklist

‘Internet of Things’ shifting IT spending priorities

Analyst firm Gartner says enterprises spent more than $40 billion on what could be called Internet of Things (IoT) programs. As more IP-enabled devices get connected, enterprises may shift spending patterns and disrupt the way IT is acquired and supported