Feeds

Iacobucci out in Citrix top level reorg

Fallout from profits warning spreads widely

  • alert
  • submit to reddit

HP ProLiant Gen8: Integrated lifecycle automation

Citrix founder and wise old friend of The Register Ed Iacobucci has been axed as part of a management shake-up that also downgraded company veteran and CEO Mark Templeton, and removed Michael Brown from the board.

Templeton remains as president, while former CEO and long-term company backer Roger Roberts moves in as chairman, and has commenced a search for a new CEO. Iacobucci's exit is however near total. According to the company announcement: "The company's founder and former chairman, Edward E Iacobucci, resigned as a director and left his position as an officer and employee of the company to pursue his vision of software as a service in cooperation with Citrix and other industry leaders."

Over the past couple of years Iacobucci has fulfilled the role of company visionary rather than being intimately involved in day to day management. Today's reorganisation however makes it pretty clear that Roberts sees the company as having fallen victim to a management gap.

Earlier this month Citrix stock plunged when the company warned that Q2 earnings would be half of expectations, due to problems associated with moving over from packaged software to licence sales. This was almost instantly followed up by a clutch of shareholder lawsuits accusing company execs of misrepresenting its financial position. ®

Related Stories

Citrix takes a whack on Wall Street

The Power of One eBook: Top reasons to choose HP BladeSystem

More from The Register

next story
Apple fanbois SCREAM as update BRICKS their Macbook Airs
Ragegasm spills over as firmware upgrade kills machines
HIDDEN packet sniffer spy tech in MILLIONS of iPhones, iPads – expert
Don't panic though – Apple's backdoor is not wide open to all, guru tells us
NO MORE ALL CAPS and other pleasures of Visual Studio 14
Unpicking a packed preview that breaks down ASP.NET
Captain Kirk sets phaser to SLAUGHTER after trying new Facebook app
William Shatner less-than-impressed by Zuck's celebrity-only app
Cheer up, Nokia fans. It can start making mobes again in 18 months
The real winner of the Nokia sale is *drumroll* ... Nokia
Mozilla fixes CRITICAL security holes in Firefox, urges v31 upgrade
Misc memory hazards 'could be exploited' - and guess what, one's a Javascript vuln
EU dons gloves, pokes Google's deals with Android mobe makers
El Reg cops a squint at investigatory letters
Chrome browser has been DRAINING PC batteries for YEARS
Google is only now fixing ancient, energy-sapping bug
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.