Feeds

Iacobucci out in Citrix top level reorg

Fallout from profits warning spreads widely

  • alert
  • submit to reddit

Combat fraud and increase customer satisfaction

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

3 Big data security analytics techniques

More from The Register

next story
Ubuntu 14.04 LTS: Great changes, but sssh don't mention the...
Why HELLO Amazon! You weren't here last time
This time it's 'Personal': new Office 365 sub covers just two devices
Redmond also brings Office into Google's back yard
Next Windows obsolescence panic is 450 days from … NOW!
The clock is ticking louder for Windows Server 2003 R2 users
Half of Twitter's 'active users' are SILENT STALKERS
Nearly 50% have NEVER tweeted a word
OpenBSD founder wants to bin buggy OpenSSL library, launches fork
One Heartbleed vuln was too many for Theo de Raadt
Got Windows 8.1 Update yet? Get ready for YET ANOTHER ONE – rumor
Leaker claims big release due this fall as Microsoft herds us into the CLOUD
Microsoft TIER SMEAR changes app prices whether devs ask or not
Some go up, some go down, Redmond goes silent
Batten down the hatches, Ubuntu 14.04 LTS due in TWO DAYS
Admins dab straining server brows in advance of Trusty Tahr's long-term support landing
Red Hat to ship RHEL 7 release candidate with a taste of container tech
Grab 'near-final' version of next Enterprise Linux next week
prev story

Whitepapers

Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.