Citrix Systems Names Former Microsoft Executive as Its New CEO

By Josh Beckerman 

Software company Citrix Systems Inc. named former Microsoft Corp. executive Kirill Tatarinov as its next president and chief executive.

Citrix said in July that CEO Mark Templeton would retire and announced the formation of a board committee to review its operations.

The company had faced pressure from activist investor Elliott Management Corp., which had called for Citrix to sell or spin off some divisions, buy back shares and reduce costs.

Citrix increased its buyback authorization by $500 million in September. In November, the company said it would spin off part of its meetings business into a new public company, cut jobs and slash costs.

Citrix said Wednesday that interim CEO Robert Calderoni remains executive chairman.

Mr. Tatarinov, 51, will have an initial base salary of $1 million. He joined Microsoft in 2002 after more than eight years at BMC Software Inc. He was president of Microsoft's Business Solutions Division from 2007 through July 2015.

Write to Josh Beckerman at [e-mail]

(END) Dow Jones Newswires

January 20, 2016 17:02 ET (22:02 GMT)

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