Citrix CEO Kirill Tatarinov resigned

Citrix CEO Kirill TatarinovCitrix Systems chief executive officer Kirill Tatarinov has decided to resign. The company did not reveal the seasons for the sudden resignation of Kirill Tatarinov from the CEO position.

David J Henshall, chief financial officer and chief operating officer of Citrix, will be the new president and CEO.

Citrix has identified the leadership team to drive the company’s strategy and growth, led by David Henshall.

Citrix will be aiming for operational efficiency and value creation, in addition to product excellence and revenue growth. Citrix will be planning a series of strategic initiatives to drive operating margin expansion.

Citrix will be making investment in accelerating Citrix’s transformation to a cloud-based subscription business and in high-growth areas, such as data security and analytics services.

“David is a proven leader who knows our company inside and out, and the board has the utmost confidence in him,” said Robert Calderoni, executive chairman of the Citrix board.

Mark M Coyle, senior vice president, Finance, will b the interim CFO. The company will be looking for a permanent CFO.

Citrix board has formed an Operations and Capital Committee to drive margin expansion and return capital to shareholders. Robert Calderoni, David Henshall, and Citrix directors Jesse Cohn and Peter J. Sacripanti are part of the Committee.

Citrix said revenue for the second quarter of fiscal year 2017 ended June 30, 2017 will be in line with the company’s current guidance of $685 million to $695 million with strong demand from customers for subscription-based solutions.

Citrix said its net income for the second quarter of fiscal year 2017 per diluted share is expected to be in line with the company’s current guidance of $0.70 to $0.74 per diluted share.