logo
Plus   Neg
Share
Email

Symantec Appoints Michael Brown As CEO

Security software maker Symantec Corp. (SYMC) said Thursday that it has appointed Michael Brown as chief executive officer, effective immediately.

Brown has been serving as interim president and CEO of the company since March 2014, when the then CEO Steve Bennett was terminated.

Brown's appointment follows a multistep search process conducted by a special committee of the company's Board of Directors in conjunction with leading executive search firm Russell Reynolds over the last six months. The search included reviewing over 100 qualified candidates, more than 30 of whom were actively vetted, the company noted.

The company said Brown will share its strategic plan with shareholders, customers and employees within the next 30 days. The plan will build upon the company's stated priorities, increase focus on the customer and build shareholder value.

Brown joined Symantec's Board of Directors following the company's merger with VERITAS Software in July 2005, and previously served as chairman and chief executive officer of Quantum Corp.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Nike Inc. (NKE), the world's largest athletic shoes and apparel maker, Tuesday reported a first-quarter profit that increased from a year ago and trumped Wall Street estimates, driven largely by more-than-expected revenues and strong margins. Beaverton, Oregon-based Nike's first-quarter profit rose... German auto giant BMW (BMW.L, BAMXF.PK, BAMXY.PK) Tuesday lowered its earnings and revenue guidance for the full year 2018, hurt largely by emissions-related costs, product recalls and ongoing global trade war. Automotive segment revenues are now expected to be slightly lower than the previous year.... Walt Disney World is introducing a new ticket pricing system in order to better distribute attendance at its theme parks throughout the year. The company plans to begin pricing tickets for its theme parks based on dates so as to reflect the expected demand on specific days. Disney said Monday that beginning October 16, guests will be able to access its new online vacation-booking portal.
Follow RTT