Symantec Corp chief executive officer Greg Clark has embarked on a major shake-up of the cybersecurity software maker.
Chief marketing officer Michael Williams and Bradon Rogers, senior vice-president of the company’s Go-to-Market teams, have left the company, according to a memo obtained by Bloomberg. Symantec announced on Thursday that president and chief operating officer Michael Fey had resigned, but didn’t publicise the other executive departures. A company spokesman said Symantec wouldn’t be making any further public comments on the executive changes.
The Mountain View, California-based company is the world’s biggest maker of cybersecurity software and has struggled as it shifts towards selling more to businesses in the face of dwindling consumer interest in personal computer antivirus programs. An internal investigation based on concerns raised by a former employee about accounting practices, announced in May, sent Symantec shares down 35% in a single day — the most in 17 years. Activist investor Starboard Value LP then secured three board seats in an agreement reached in September.
The internal accounting investigation concluded in September and the company announced it would revise its fiscal 2018 fourth-quarter results and fiscal 2019 first-quarter results after determining that $12mn of $13mn in recognised revenue should have been deferred.
In light of Thursday’s departures, chief technology officer Hugh Thompson will serve as interim chief marketing officer, while the Go-to-Market teams will report to Marc Andrews, whose duties as senior vice president of worldwide sales were expanded.
With Fey’s departure, CEO Clark takes on the additional title of president. Clark announced on Thursday that Art Gilliland, former CEO of Skyport Systems Inc and a former Symantec senior vice-president, would return to the company as executive vice president and general manager of its enterprise products unit.