- Push-out Score suggests push-out forces
- After less than a year and a half on the job
- Praise and thanks for Tatarinov
- David Henshall taking over
(exechange) — Fort Lauderdale, Florida, July 10, 2017 — Kirill Tatarinov, chief executive of Citrix, leaves — “upon mutual agreement”. It is an abrupt change. As announced by Citrix Systems, Inc. in a news release and in a regulatory filing published on Monday, July 10, 2017, Kirill Tatarinov has already left the post as chief executive officer at the software company in a surprising move after less than a year and a half on the job, effective July 07, 2017.
No company wants a CEO to flame out in the first years.
Tatarinov’s duties are taken over by David Henshall, currently chief financial officer and chief operating officer at Citrix Systems, Inc.
In connection with Henshall’s appointment, Mark M. Coyle, Senior Vice President, Finance, has been appointed interim CFO, effective immediately.
“The Company has retained a leading executive search firm to assist in a comprehensive search process to identify a permanent CFO with both internal and external candidates being considered,” Citrix said.
“To drive the company’s long-term strategy and growth”
A reason for the sudden change was not explicitly given. Citrix said: “The Citrix board has identified the leadership team to drive the company’s long-term strategy and growth, led by David Henshall.”
Precise information about the future plans of Tatarinov was not immediately available.
“Mutual separation decision”
Citrix said: “Mr. Henshall’s appointment follows the mutual separation decision between the Citrix board and Kirill Tatarinov, president, CEO and director of Citrix.”
Citrix further said that Tatarinov “stepped down from his roles as President and Chief Executive Officer and director of the Company on July 7, 2017, upon mutual agreement with the Board of Directors”.
Share price decline
The change follows a decline in the share price of Citrix Systems, Inc. since May 2017.
Chaired by Bob Calderoni
Citrix Systems, Inc. is chaired by Bob Calderoni.
Bob Calderoni has served as a member of the Board since June 2014 and was appointed as Executive Chairman of the Board in July 2015.
On the job as CEO since 2016
Kirill Tatarinov has been the Chief Executive Officer and President of Citrix Systems, Inc. since January 25, 2016.
With over 30 years of industry experience, Tatarinov previously served as Executive Vice President of the Microsoft Business Solutions Division (MBS) with responsibility for the Microsoft Dynamics business across development, sales, marketing, and operations.
Prior to joining MBS in 2007, Tatarinov led the Management and Solutions Division at Microsoft, where he was in charge of the Microsoft Windows management technologies and products, including Microsoft System Center, as well as Windows Server solutions.
Before joining Microsoft in 2002, Tatarinov was Senior Vice President and Chief Technology Officer for BMC.
Before BMC, Tatarinov was co-founder, chief architect, and head of Research and Development for Patrol Software, the developer of innovative software solutions for systems and network management acquired by BMC in 1994.
Before co-founding Patrol Software, Tatarinov worked in several systems, networking and consulting companies in Russia, Israel and Australia.
Additionally, Tatarinov holds two patents for managing computer resources and related technologies.
Tatarinov grew up in Moscow, Russia, and earned a master’s degree in systems engineering from Moscow University of Transport Engineering and a master’s in business administration from Houston Baptist University.
At the time of Tatarinov’s appointment as chief executive officer at Citrix, Robert Calderoni had said: “The Board is delighted to welcome Kirill as the new President and CEO of Citrix. Following a thorough review of candidates, the Board determined that Kirill’s strong product management background and extensive technology leadership experience make him the right person to oversee Citrix’s innovation and growth strategy.”
Push-out Score suggests push-out forces
It is not completely certain what forces eventually triggered Kirill Tatarinov’s sudden move.
The Push-out Score™ determined by exechange suggests that push-out forces may have contributed to the management change.
Read the full story in the exechange report 29.2017 ($).