SUBSCRIBE TO TMCnet
TMCnet - World's Largest Communications and Technology Community

TMCNet:  Symantec says it terminated CEO Steve Bennett

[March 20, 2014]

Symantec says it terminated CEO Steve Bennett

(Associated Press Via Acquire Media NewsEdge) NEW YORK (AP) — Security software maker Symantec says it terminated President and CEO Steve Bennett's employment and named director Michael Brown as his temporary replacement.

Bennett had been president and CEO of the company since July 2012, and Symantec says he resigned from the board of directors after his termination. The Mountain View, Calif., company did not cite a precise reason for Bennett's ouster.


"This considered decision was the result of an ongoing deliberative process, and not precipitated by any event or impropriety," Symantec Chairman Dan Schulman said in a press release.

Brown has been with the company since July 2005, and he is a former chairman and CEO of Quantum Corp.

Symantec Corp. shares fell $1.58, or 7.5 percent, to $19.33 in aftermarket trading.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

[ Back To Technology News's Homepage ]

OTHER NEWS PROVIDERS







Technology Marketing Corporation

800 Connecticut Ave, 1st Floor East, Norwalk, CT 06854 USA
Ph: 800-243-6002, 203-852-6800
Fx: 203-866-3326

General comments: tmc@tmcnet.com.
Comments about this site: webmaster@tmcnet.com.

STAY CURRENT YOUR WAY

© 2014 Technology Marketing Corporation. All rights reserved.