Symantec Announces New Leadership Structure for Enterprise Security Segment to Propel Next Phase of Growth and Industry Leadership

Business Wire 29-Nov-2018 4:15 PM

Art Gilliland Appointed EVP and GM Enterprise Products

Marc Andrews Continues as SVP of Worldwide Sales

Michael Fey Resigns as President and COO

Symantec Corp. (NASDAQ:SYMC) today announced a new leadership structure within Enterprise Security to best position the business segment for its next phase of growth and industry leadership. Art Gilliland has been appointed EVP and GM Enterprise Products and Marc Andrews will continue in his role as SVP of Worldwide Sales with expanded responsibilities; these roles will report directly to Symantec President and CEO Greg Clark.

Art Gilliland is a widely respected industry figure in Enterprise Security. Mr. Gilliland served as SVP of Software Enterprise Security Products at HP, where he played a critical role in security products such as managed security services, network security and security information management systems. Most recently, he served as President and CEO of Skyport Systems, which was acquired by Cisco Systems in 2017. Mr. Gilliland brings more than 20 years of executive leadership experience to the Company as well as a deep knowledge of, and respect for, the Symantec organization, having formerly served as the Company's SVP and GM of the Information Security Group. As EVP and GM Enterprise Products, Mr. Gilliland will oversee the Enterprise Security product and engineering teams, the Security Technology and Response (STAR) research team and the Enterprise Security customer support organization.

Marc Andrews is an accomplished leader who has played a pivotal operational role following Symantec's acquisition of Blue Coat. Mr. Andrews has served as SVP of Enterprise Security Worldwide Sales since 2016, leading the engagement with the Company's largest customers, transactions and partners. In addition, Mr. Andrews successfully integrated the Symantec and Blue Coat global sales teams, and has actively driven the rollout of the Integrated Cyber Defense platform strategy to the Company's global customer base. At Blue Coat, he led worldwide field operations from 2011 to 2016. Mr. Andrews brings over 25 years of experience leading global organizations through turnarounds and growth. Mr. Andrews has also served as President of Micro Focus International, where he was responsible for the go-to-market organization, President of International Operations at Saba Software, and COO of NetIQ until the company was acquired by Attachmate in 2006. Mr. Andrews' background also includes executive and management roles at BMC Software, C 2000 and Novell in EMEA, including the emerging markets.

Mr. Clark said, "The Blue Coat acquisition was a defining moment for Symantec, and we set an ambitious goal to transform our Enterprise Security segment with the vision of delivering an integrated cyber defense platform to our customers. As we position Enterprise Security for its next phase of growth and industry leadership, we are implementing an enhanced organizational structure that allows for greater scale on product development and sales generation, with two cyber security veterans reporting directly to me. I am very confident Symantec is well positioned to execute on our strategy to drive technology leadership by protecting consumers and enterprises from an increasing threat environment."

Mr. Clark continued, "Art is a widely respected executive both inside and outside our organization, and we are excited to welcome him back to Symantec. We look forward to benefitting from his extensive enterprise security expertise and years of endpoint and network experience in his new role. Additionally, I am very pleased to have Marc overseeing our Enterprise Security Worldwide Sales organization to ensure seamless continuity. Marc's record of execution as a leader of Enterprise Security will continue to serve Symantec well."

Michael Fey, who joined Symantec upon closing of the Blue Coat acquisition two years ago and successfully led the Enterprise Security product and field integration, has resigned as President and COO. In addition to serving as CEO, Mr. Clark has been named President of Symantec. All leadership changes are effective immediately.

About Symantec

Symantec Corporation (NASDAQ:SYMC), the world's leading cyber security company, helps organizations, governments and people secure their most important data wherever it lives. Organizations across the world look to Symantec for strategic, integrated solutions to defend against sophisticated attacks across endpoints, cloud and infrastructure. Likewise, a global community of more than 50 million people and families rely on Symantec's Norton and LifeLock product suites to protect their digital lives at home and across their devices. Symantec operates one of the world's largest civilian cyber intelligence networks, allowing it to see and protect against the most advanced threats. For additional information, please visit www.symantec.com or connect with us on Facebook, Twitter, and LinkedIn.

Forward-Looking Statements

This press release contains statements which may be considered forward-looking within the meaning of the U.S. federal securities laws, including statements regarding the new leadership structure within Enterprise Security, the appointment of Art Gilliland as Symantec's EVP and GM Enterprise Products, and the expected benefits to Symantec, its customers, stockholders and investors. These statements are subject to known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from results expressed or implied in this press release. Such risk factors include those related to: our ability to continue to integrate and fully achieve the expected benefits from acquired businesses; matters arising out of our completed Audit Committee investigation and the ongoing U.S. Securities and Exchange Commission investigation; general economic conditions; fluctuations and volatility in Symantec's stock price; the ability of Symantec to successfully execute its strategic plans; the ability to maintain customer and partner relationships; the ability of Symantec to achieve its cost and operating efficiency goals; the anticipated growth of certain market segments; Symantec's sales pipeline and business strategy; fluctuations in tax rates and foreign currency exchange rates and the impact of any tax reform legislation; the impact related to Symantec's future adoption of the new revenue and other accounting standards; the timing and market acceptance of new product releases and upgrades; and the successful development of new products and the degree to which these products gain market acceptance. Actual results may differ materially from those contained in the forward-looking statements in this press release. Symantec assumes no obligation, and does not intend, to update these forward-looking statements as a result of future events or developments. Additional information concerning these and other risk factors is contained in the Risk Factors sections of Symantec's most recent reports on Form 10-K and Form 10-Q.

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