Symantec Splits CEO, Chairman Roles Into Two

By Craig Galbraith Comments
Posted in News, Security

Mountain View, Calif.-based Symantec Corp. is dividing its chairman of the board and chief executive officer positions "in the best interests of our shareholders."Symantec's Steve Bennett

The provider of security, backup and availability solutions says Steve Bennett will remain president and CEO, while director Dan Schulman will take on the role of non-executive chairman.

"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."

"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," said Bennett. "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. He has previously served as president of Sprint's PrePaid Group and CEO of Virgin Mobile USA.

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