Citrix Announces Drew Del Matto as New Chief Financial Officer
February 05 2018 - 4:30PM
Business Wire
Citrix Systems, Inc. (Nasdaq: CTXS) today announced that Andrew
“Drew” Del Matto has been appointed executive vice president and
Chief Financial Officer (CFO), reporting to Citrix president and
CEO, David Henshall, effective February 19, 2018. He joins Citrix
from Fortinet, where he has been CFO since 2014.
“Citrix is dedicated to accelerating its cloud transformation,
which has required us to rethink our entire business and financial
model, processes and systems,” said Henshall. “Drew’s extensive
background in financial management at leading cloud security
companies complements our seasoned Citrix leadership team, many of
whom have also helped other leading companies with their cloud
transformations.”
“I am excited to join Citrix at such a pivotal period for the
company,” said Del Matto. “Citrix has a unique opportunity in the
market as the company accelerates its delivery of secure cloud
solutions, and I’m excited to be a part of such a seasoned team as
we continue on the path of transformation.”
As CFO, Del Matto will be responsible for all of the company’s
financial and capital management strategies, budgeting and
planning, financial accounting, tax and treasury, investor
relations and Citrix’s information technology function. He will
succeed Mark Coyle, who has served as Citrix’s Interim CFO since
July 2017. Coyle will remain at Citrix and will report to Del Matto
in his continuing role as Senior Vice President, Finance.
“I want to thank Mark for his work as Interim CFO over the past
several months as we drove the acceleration of our new business
model,” said Henshall. “We are thankful for his many contributions
during this time of rapid change.”
Del Matto helped lead Fortinet through a period of high growth
and business transformation. Prior to Fortinet, Del Matto held a
variety of executive management roles at Symantec, including acting
chief financial officer, as well as senior vice president and chief
accounting officer. He also served as Symantec’s corporate
treasurer and vice president of finance business operations,
responsible for all treasury functions, various aspects of mergers
and acquisitions, pricing and licensing, financial planning and
analysis, and revenue operations. Prior to Symantec, he held senior
finance leadership roles with Inktomi Corporation and SGI
Corporation.
About Citrix
Citrix (NASDAQ:CTXS) aims to power a world where people,
organizations and things are securely connected and accessible to
make the extraordinary possible. We help customers reimagine the
future of work by providing the most comprehensive secure digital
workspace that unifies the apps, data and services people need to
be productive, and simplifies IT’s ability to adopt and manage
complex cloud environments. Citrix solutions are in use by more
than 400,000 organizations including 99 percent of the Fortune 100
and 98 percent of the Fortune 500.
For Citrix Investors
This release contains forward-looking statements which are made
pursuant to the safe harbor provisions of Section 27A of the
Securities Act of 1933 and of Section 21E of the Securities
Exchange Act of 1934. The forward-looking statements in this
release do not constitute guarantees of future performance. Those
statements involve a number of factors that could cause actual
results to differ materially, including risks associated with the
impact of the global economy and uncertainty in the IT spending
environment, revenue growth and recognition of revenue, products
and services, their development and distribution, product demand
and pipeline, economic and competitive factors, the Company's key
strategic relationships, acquisition and related integration risks
as well as other risks detailed in the Company's filings with the
Securities and Exchange Commission. Citrix assumes no obligation to
update any forward-looking information contained in this press
release or with respect to the announcements described herein.
© 2018 Citrix Systems, Inc. All rights reserved. Citrix, is a
trademark of Citrix Systems, Inc. and/or one or more of its
subsidiaries, and may be registered in the U.S. Patent and
Trademark Office and in other countries. All other trademarks and
registered trademarks are property of their respective owners.
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Citrix Systems, Inc.For media inquiries, contact:Julie Geer,
408-790-8543Julie.Geer@citrix.comorFor
investor inquiries, contact:Eduardo Fleites,
954-229-5758eduardo.fleites@citrix.com
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