Citrix Systems has announced CEO Kirill Tatarinov is leaving and is being replaced by current CFO and COO David Henshall, effective immediately.
Henshall's appointment as CEO and president follows "the mutual separation decision" between the Citrix board and Tatarinov, the group said in a statement. It gave no additional details about the reasons for Tatarinov's exit.
Tatarinov has only been CEO since January 2016, when he replaced former CEO Mark Templeton.
Mark Coyle, who is currently senior VP of finance, has been appointed interim CFO until a permanent replacement for Henshall can be found.
The virtualisation company says the leadership transition "will accelerate cloud transformation, enhance profitability and return capital to shareholders".
"David is a proven leader who knows our company inside and out, and the board has the utmost confidence in him," said Robert Calderoni, executive chairman of the Citrix board.
"Moving forward, the board believes that accelerating our cloud transformation will position the company for even greater success in the years ahead, driving greater value for our shareholders. We now have the right team in place to execute on that vision."
Calderoni thanked Tatarinov for his leadership, saying the progress the company made under his leadership "has positioned Citrix well for the next phase of its corporate transformation".
The Nasdaq-listed company also today reaffirmed its guidance for the second quarter of the fiscal year ended 30 June 2017. Revenue for the quarter is expected to be in line with the company's current guidance of $685 million to $695 million (R9.3 billion to R9.4 billion), with strong demand from customers for subscription-based solutions.
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