BENGALURU, India—Rising West Indies star Carlos Brathwaite made headlines at the Indian Premier League auction yesterday when he was snapped up by Delhi Daredevils for US$626 000...
You are here
Symantec terminates CEO Steve Bennett
NEW YORK—Security software maker Symantec fired President and CEO Steve Bennett’s employment and named director Michael Brown as his temporary replacement. It’s the second time in less than two years that Symantec has fired its CEO. Bennett became president and CEO in July 2012, when Enrique Salem was fired after three years in charge of the company.
The Mountain View, California, company behind Norton Antivirus software did not cite a precise reason for Bennett’s ouster. “This considered decision was the result of an ongoing deliberative process, and not precipitated by any event or impropriety,” Symantec chairman Dan Schulman said in a press release. Symantec Corp. shares fell US$1.43, or 6.8 per cent, to US$19.48 in after-hours trading.
The stock is trading near 52-week lows and is down about 15 per cent over the past year. Symantec has been going through a reorganisation that includes cutting executive and middle-management jobs, splitting its sales force and focusing on the most promising products. The company backed its outlook for the fiscal fourth quarter, which ends this month.
User comments posted on this website are the sole views and opinions of the comment writer and are not representative of Guardian Media Limited or its staff.
Guardian Media Limited accepts no liability and will not be held accountable for user comments.
Guardian Media Limited reserves the right to remove, to edit or to censor any comments.
Any content which is considered unsuitable, unlawful or offensive, includes personal details, advertises or promotes products, services or websites or repeats previous comments will be removed.