Symantec CEO Salem ousted for board chairman Bennett
Symantec's CEO Enrique Salem stepped down today after the company's board of directors designated chairman of the board Steve Bennett as the new president and CEO.
This executive switch-over comes as the security software giant reported an abysmal year for revenue -- second-quarter growth was just 1 percent to $1.67 billion, and profits decreased by 10 percent to $172 million, according to Bloomberg.
"Enrique Salem has been a significant contributor during his 19 years' associated with Symantec, including the last three years as CEO," Bennett said in a statement. "While progress has been made … Read more