Monday, 13 October 2014 04:02

Breaking News: Symantec Splits into Two Companies; Announces Management Changes Featured

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Symantec Splits Security and Information Management Businesses as Two Publicly-Traded Companies; Announces Management Changes

Symantec announced that it will split itself into two, independent publicly-traded companies, one with focus on the security business and the other on information management. Recently appointed CEO, Michael A. Brown will remain the president and CEO of Symantec while Thomas Seifert will continue to serve as CFO. John Gannon will be the EVP and GM of the new information management business, Don Rath will be its acting CFO and Matt Cain was named Chief Product Officer.

Brown served as interim CEO since March 2014, ever since the board fired previous CEO, Steve Bennett. Bennett himself only held the job for 18 months, following in the footsteps of Enrique Salem, who was also fired. Earlier, Brown served as chairman and CEO of a variety of tech companies, most notably Quantum. He joined Symantec's board following its merger with Veritas in 2005.

Thomas Seifert joined Symantec as EVP and CFO in March 2014. Previously he served as EVP and CFO at Brightstar, CFO and chief accounting officer and interim CEO at Advanced Micro Devices, COO for Qimonda AG, group VP and GM of the Memory Products Group at Infineon Technologies AG, and SVP, COO and CEO of Wirelines Communications Business Group.

John Gannon joined Symantec as EVP and GM of the Information Management Business. He comes to Symantec after working at Quantum, his last role being President and COO. Prior to Quantum, Gannon worked at Hewlett-Packard where his last position was GM of the Commercial PC business. He is a retired Lieutenant Colonel, having served in the U.S. Air Force, where he served as a Flight Examiner Pilot and Aircraft Commander.

Don Rath was named acting CFO of the Information Management Business. Rath joined Symantec in 2012. Most recently, he was VP, Global Tax and Corporate Risk Assurance. He served as Symantec's interim CFO and Chief Accounting Officer from January through March 2014. He has previously held a number of senior tax executive roles in software (VERITAS, Synopsys) and life science companies (Chiron) and spent nine years in the tax practice of Ernst & Young.

Matt Cain was named Chief Product Officer of the Information Management Business, responsible for leading all aspects of the product and support group responsible for Symantec’s Backup and Recovery, Archiving and eDiscovery, Storage Management, and Information Availability portfolio. Cain joined Symantec in 2012, and most recently was SVP of Symantec’s Appliance Solutions organization. Prior to Symantec, he spent over a decade at Cisco Systems.

Date: October 13, 2014

Read 2540 times Last modified on Tuesday, 03 April 2018 08:19
Dora Vell

Dora Vell is the Managing Partner of Vell Executive Search, a boutique executive search firm in Boston focused on recruiting technology executives and board members. Vell has successfully completed numerous board member and C-level executive searches, including CEOs, COOs, CIOs, and Vice Presidents - at both public and private companies.

Prior to founding the firm in 2005, Vell was a Partner at Heidrick & Struggles' Technology practice for seven years.  Before her career in executive search, she worked at IBM for 11 years, managing software engineering organizations of 100 people and software sales organizations with revenues of $150 million. She has also served as an executive assistant to the CEO of IBM Canada for one year.

Vell holds seven worldwide software patents. She has published several Business of Leadership reports on governance and leadership and has been quoted in numerous articles including The Wall Street Journal, Forbes, Business Week, Fortune, Agenda Week, MSNBC, Mass High Tech, the OPUS for the World Economic Forum, Boston Business Journal, The Globe & Mail, CIO Magazine, and IEEE. She also has been a featured speaker on leadership at numerous conferences and at Columbia University's MBA program.

Vell is a member of the National Association of Corporate Directors (NACD), the Boston CEO Roundtable. She has served on the boards of Framingham State, Entrepreneur's Organization, Goodwill, Mary Centre for developmentally handicapped adults, garage.ca, and RBC Capital Partners.

She has received an MBA from the University of Toronto, a Master in Computer Science from the University of Waterloo, and a Bachelor in Computer Science from Carleton. She has also completed the MIT Entrepreneurial Master’s program.

www.vell.com/

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