Citrix announced the appointment of Kirill Tatarinov as President and CEO.
Citrix’s CEO Steps Down, Elliot Mgt. Exec Joins Board
Citrix also announced a cooperation agreement with Elliott Management Corporation, an investment firm whose affiliated funds own approximately 7.5 percent of the company’s common stock. Elliott’s Jesse Cohn has been appointed to the Citrix board of directors to replace Asiff Hirji who has decided to step down from the company’s board, effective immediately. In addition, as part of its continuing board evolution process, the company will commence a search for an additional independent board member, mutually agreeable to Citrix and Elliott, who will replace a current board member when appointed. In addition, Elliott and certain of its affiliates have agreed to customary standstill, voting and other provisions for a period of at least a year. Citrix has also formed an operations committee, which will work closely with the company’s management team on a comprehensive operational review focusing on improving Citrix’s margins, profitability and capital structure.
https://www.citrix.com/news/announcements/jul-2015/cooperation-agreement.html