FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Feb. 5, 2018--
Citrix Systems, Inc. (Nasdaq: CTXS) today announced that Andrew “Drew”
Del Matto has been appointed executive vice president and Chief
Financial Officer (CFO), reporting to Citrix president and CEO, David
Henshall, effective February 19, 2018. He joins Citrix from Fortinet,
where he has been CFO since 2014.
“Citrix is dedicated to accelerating its cloud transformation, which has
required us to rethink our entire business and financial model,
processes and systems,” said Henshall. “Drew’s extensive background in
financial management at leading cloud security companies complements our
seasoned Citrix leadership team, many of whom have also helped other
leading companies with their cloud transformations.”
“I am excited to join Citrix at such a pivotal period for the company,”
said Del Matto. “Citrix has a unique opportunity in the market as the
company accelerates its delivery of secure cloud solutions, and I’m
excited to be a part of such a seasoned team as we continue on the path
As CFO, Del Matto will be responsible for all of the company’s financial
and capital management strategies, budgeting and planning, financial
accounting, tax and treasury, investor relations and Citrix’s
information technology function. He will succeed Mark Coyle, who has
served as Citrix’s Interim CFO since July 2017. Coyle will remain at
Citrix and will report to Del Matto in his continuing role as Senior
Vice President, Finance.
“I want to thank Mark for his work as Interim CFO over the past several
months as we drove the acceleration of our new business model,” said
Henshall. “We are thankful for his many contributions during this time
of rapid change.”
Del Matto helped lead Fortinet through a period of high growth and
business transformation. Prior to Fortinet, Del Matto held a variety of
executive management roles at Symantec, including acting chief financial
officer, as well as senior vice president and chief accounting officer.
He also served as Symantec’s corporate treasurer and vice president of
finance business operations, responsible for all treasury functions,
various aspects of mergers and acquisitions, pricing and licensing,
financial planning and analysis, and revenue operations. Prior to
Symantec, he held senior finance leadership roles with Inktomi
Corporation and SGI Corporation.
Citrix (NASDAQ:CTXS) aims to power a world where people, organizations
and things are securely connected and accessible to make the
extraordinary possible. We help customers reimagine the future of work
by providing the most comprehensive secure digital workspace that
unifies the apps, data and services people need to be productive, and
simplifies IT’s ability to adopt and manage complex cloud environments.
Citrix solutions are in use by more than 400,000 organizations including
99 percent of the Fortune 100 and 98 percent of the Fortune 500.
For Citrix Investors
This release contains forward-looking statements which are made pursuant
to the safe harbor provisions of Section 27A of the Securities Act of
1933 and of Section 21E of the Securities Exchange Act of 1934. The
forward-looking statements in this release do not constitute guarantees
of future performance. Those statements involve a number of factors that
could cause actual results to differ materially, including risks
associated with the impact of the global economy and uncertainty in the
IT spending environment, revenue growth and recognition of revenue,
products and services, their development and distribution, product
demand and pipeline, economic and competitive factors, the Company's key
strategic relationships, acquisition and related integration risks as
well as other risks detailed in the Company's filings with the
Securities and Exchange Commission. Citrix assumes no obligation to
update any forward-looking information contained in this press release
or with respect to the announcements described herein.
© 2018 Citrix Systems, Inc. All rights reserved. Citrix, is a trademark
of Citrix Systems, Inc. and/or one or more of its subsidiaries, and may
be registered in the U.S. Patent and Trademark Office and in other
countries. All other trademarks and registered trademarks are property
of their respective owners.
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Source: Citrix Systems, Inc.
Citrix Systems, Inc.
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