Feeds

Former Veritas chief quits Symantec

Boardroom exodus continues at security software giant

Combat fraud and increase customer satisfaction

Former Veritas chief exec Gary Bloom is to leave Symantec. Bloom, Symantec's vice chairman and president, will vacate both jobs before the end of March following an "orderly transition". In a statement, Bloom says he is taking a break after 25 years in the IT industry.

Bloom's exit follows the recent departures of Symantec's chief operating officer (and former president), John Schwarz, and chief finance officer, Greg Myers. This leaves Symantec chief exec John Thompson as the only survivor of the senior management team responsible for the mega-merger of Symantec and Veritas.

Thompson described Bloom as a "terrific partner" in the merger and integration of Symantec and Veritas last year while Bloom "still firmly believe[s] in the strategic rationale for bringing Symantec and Veritas together". The lines of business currently reporting to Bloom will report directly to Thompson, with Symantec leaving the position of president vacant, at least for now.

Bloom joined Symantec through the company's merger with storage software firm Veritas. Prior to the merger, Bloom served as Veritas chief exec for five years.

Symantec's share price closed at $17.56 on Tuesday down from $18.60 on Monday and $22.50 a year ago. Investor fears that Microsoft's entry in the consumer anti-virus market will erode revenue for Symantec and McAfee, rather than doubts about the rationale behind the Veritas and Symantec merger, are the likely explanation for this share price dip. ®

3 Big data security analytics techniques

More from The Register

next story
This time it's 'Personal': new Office 365 sub covers just two devices
Redmond also brings Office into Google's back yard
Kingston DataTraveler MicroDuo: Turn your phone into a 72GB beast
USB-usiness in the front, micro-USB party in the back
IBM rides nightmarish hardware landscape on OpenPOWER Consortium raft
Google mulls 'third-generation of warehouse-scale computing' on Big Blue's open chips
It's GOOD to get RAIN on your upgrade parade: Crucial M550 1TB SSD
Performance tweaks and power savings – what's not to like?
AMD's 'Seattle' 64-bit ARM server chips now sampling, set to launch in late 2014
But they won't appear in SeaMicro Fabric Compute Systems anytime soon
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.