Citrix CEO Mark Templeton plans to retire

On July 28 Citrix disclosed that Mark Templeton, the company CEO, has plans to retire after over 20 years of service, an unexpected news that drew attention on the next future of the American company.

In his career in Citrix, Mark Templeton has been in charge as President and Chief Executive Officer since 2001. Templeton joined Citrix in 1995 as Vice President of Marketing, he was appointed president in 1998, while leading Citrix he managed to transform the company to become a “software-defined vendor” pushing forward virtualization, mobility management, networking and SaaS solutions.

The Citrix board has already initiated a CEO search process through Heidrick & Struggles, a leading executive search firm, however Citrix announced that Templeton is going to continue serving as president and CEO until a successor has been appointed.

Lately Mark Templeton stated to be “proud but not satisfied” about the company’s performance, his retirement announcement follows the company’s financial reports for Q2 which reported some raises in the revenue after few quarters is decrease and absolutely not totally fulfilling results, the general opinion thinks that the company is underperforming, definitely the next CEO is going to have a very challenging job.

In the announcement Mark Templeton, still President and CEO of Citrix, writes:

I will continue to focus on leading Citrix and driving value-creating change until we are ready to make a smooth transition, I have total confidence that the board will identify a great candidate to serve Citrix into the future.