Information security company Symantec dismisses CEO for second time in two years

The dismissal of Symantec CEO Steve Bennett Sina Science and technology Beijing time March 21 Morning News, information security company Symantec Thursday announced the dismissal of CEO Steve Bennett (Steve Bennett). It was in less than two years that Symantec sacked the CEO for the second time. Symantec's business development is in trouble as PC sales have declined. The news, Symantec's share price plunged 10% per cent in the trading of US equities. Symantec has announced that the appointment of board member Michael (Michael Brown) as interim president and CEO, and the dismissal of Bennett is "carefully considered results unrelated to any incident or improper conduct." Daniel Ives, an analyst at FBR Capital Markets, said: "This is a surprising move, especially given that Bennett plays a key role in Symantec's recovery strategy." Daniel Ives I think this is a major setback. "The market share of Symantec is FireEye, Palo Alto receptacle and checkpoint in the competition of the information security market," said Rick Holland, a Rick Holland analyst at Forrester. Bae and other Up-and-comer preemption. Symantec is known for Norton Anti-Virus software. Symantec said it remains committed to its current goal of achieving more than 5% per cent of its own growth rate in fiscal year 2017 and more than 30% of its adjusted operating margins. However, Chor Feshbern Joel Fishbein, BMO Capital analyst, said Symantec would find it hard to achieve a 5% per cent growth rate in the event of a continued slide in PC security and storage operations without attempting acquisitions or divestiture. Symantec's information security software is pre-installed on many PCs. The company reported in January that revenues fell 5% per cent in the third quarter as of December 27. Bennett has said that the revenue slump is partly due to the restructuring of the company's sales team. Symantec is reorganizing its sales team to set up specialized personnel for each product group, rather than having all the salespeople sell all the products. Bennett was previously a financial software company Intuit CEO. Last July, he was appointed by U.S. President Barack Obama as a member of the National Security Telecommunications Advisory Board. "Over the past 10 years, Symantec has made many unexpected moves in terms of strategy and acquisitions," says Ives. The move will also be one of them. "In 2012, Symantec fired CEO Enrique Salem (Enrique Salem) without warning. Symantec had begun a strategic assessment to try to reverse the company's situation. Symantec says a special committee of the Board will look for new permanent CEOs with the help of headhunting firms. The company reiterated its profit and revenue forecasts for the quarter ending March 2014. (Chu Yue)