Symantec Splits Chairman and CEO Position
MOUNTAIN VIEW, CA -- (Marketwire) -- 01/23/13 -- Symantec Corp.
(NASDAQ: SYMC) today announced that it has split the roles of
chairman of the board and chief executive officer. The board of
directors has elected director Dan Schulman to the position of
non-executive chairman while Steve Bennett remains president and
chief executive officer.
Click to Tweet: Dan Schulman to be named chairman of #Symantec:
Click to Tweet: Steve Bennett president and chief executive of
"I'm excited about Symantec's prospects and for the opportunity to
contribute to its continued success," said Schulman. "As CEO, Steve
has a vision for where he wants to take the company and help it reach
its fullest potential. I look forward to working with him, the board,
and everyone at Symantec to help transform the company to deliver
greater value for employees, customers and shareholders."
"The board and I agree that having an independent director serve as
the non executive chairman is in the best interests of our
shareholders," said Bennett. "Separating the positions of chairman
and CEO allows me to focus on executing the company's strategic plan
and managing the company's operations and performance. It enhances
the board's independent oversight of the company's senior management
team and enables better communications and relations between the
board, the CEO and other senior management segments of the company."
Schulman has been a member of Symantec's board of directors since
March 2000. Since August 2010, he has been president of American
Express' Enterprise Growth group. Previously, Schulman served as
president of Sprint's PrePaid Group and chief executive officer of
Virgin Mobile USA, until its acquisition by Sprint in the Fall of
From May 2000 until May 2001, Schulman was president and chief
executive officer of priceline.com, after serving as president and
chief operating officer from July 1999. Previously, Schulman was
president of the AT&T Consumer Markets Division of AT&T Corp., a
telecommunications services company, and was appointed to the AT&T
Operations Group, the company's most senior executive body.
Schulman also serves on the board of directors of Flextronics. He
received a bachelor's degree in economics from Middlebury College,
and a master's degree in business administration, majoring in
Finance, from New York University.
Symantec protects the world's information, and is a global leader in
security, backup and availability solutions. Our innovative products
and services protect people and information in any environment --
from the smallest mobile device, to the enterprise data center, to
cloud-based systems. Our world-renowned expertise in protecting data,
identities and interactions gives our customers confidence in a
connected world. More information is available at www.symantec.com or
by connecting with Symantec at: go.symantec.com/socialmedia.
NOTE TO EDITORS: If you would like additional information on Symantec
Corporation and its products, please visit the Symantec News Room at
http://www.symantec.com/news. All prices noted are in U.S. dollars
and are valid only in the United States.
Symantec and the Symantec Logo are trademarks or registered
trademarks of Symantec Corporation or its affiliates in the U.S. and
other countries. Other names may be trademarks of their respective
FORWARD-LOOKING STATEMENTS: Any forward-looking indication of plans
for products is preliminary and all future release dates are
tentative and are subject to change. Any future release of the
product or planned modifications to product capability,
functionality, or feature are subject to ongoing evaluation by
Symantec, and may or may not be implemented and should not be
considered firm commitments by Symantec and should not be relied upon
in making purchasing decisions.
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