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8-K - FORM 8-K - NortonLifeLock Inc. | d472123d8k.htm |
Exhibit 99.1
News Release
FOR IMMEDIATE RELEASE MEDIA CONTACTS |
INVESTOR CONTACT | |||
Cris Paden |
Sarah Meron | Helyn Corcos | ||
Symantec Corp. |
American Express | Symantec Corp. | ||
650-527-5526 |
212-640-5503 | 650-527-5523 | ||
cpaden@symantec.com |
Sara.b.meron@aexp.com | hcorcos@symantec.com |
Symantec Splits Chairman and CEO Position
MOUNTAIN VIEW, Calif. Wednesday, Jan. 23, 2013 Symantec Corp. (Nasdaq: SYMC) today announced that it has split the roles of chairman of the board and chief executive officer. The board of directors has elected director Dan Schulman to the position of non-executive chairman while Steve Bennett remains president and chief executive officer.
Click to Tweet: Dan Schulman to be named chairman of # Symantec
Click to Tweet: Steve Bennett president and chief executive of # Symantec
Im excited about Symantecs prospects and for the opportunity to contribute to its continued success, said Schulman. As CEO, Steve has a vision for where he wants to take the company and help it reach its fullest potential. I look forward to working with him, the board, and everyone at Symantec to help transform the company to deliver greater value for employees, customers and shareholders.
The board and I agree that having an independent director serve as the non executive chairman is in the best interests of our shareholders, said Bennett. Separating the positions of chairman and CEO allows me to focus on executing the companys strategic plan and managing the companys operations and performance. It enhances the boards independent oversight of the companys senior management team and enables better communications and relations between the board, the CEO and other senior management segments of the company.
Schulman has been a member of Symantecs board of directors since March 2000. Since August 2010, he is president of American Express Enterprise Growth group. Previously, Schulman served as president of Sprints PrePaid Group and chief executive officer of Virgin Mobile USA, until its acquisition by Sprint in the Fall of 2009.
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Dan Schulman to be Named Chairman of Symantec
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From May 2000 until May 2001, Schulman was president and chief executive officer of priceline.com, after serving as president and chief operating officer from July 1999. Previously, Schulman was president of the AT&T Consumer Markets Division of AT&T Corp., a telecommunications services company, and was appointed to the AT&T Operations Group, the companys most senior executive body.
Schulman serves on the board of directors of Flextronics. He received a bachelors degree in economics from Middlebury College, and a masters degree in business administration, majoring in Finance, from New York University.
About Symantec
Symantec protects the worlds information, and is a global leader in security, backup and availability solutions. Our innovative products and services protect people and information in any environment from the smallest mobile device, to the enterprise data center, to cloud-based systems. Our world-renowned expertise in protecting data, identities and interactions gives our customers confidence in a connected world. More information is available at www.symantec.com or by connecting with Symantec at: go.symantec.com/socialmedia.
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NOTE TO EDITORS: If you would like additional information on Symantec Corporation and its products, please visit the Symantec News Room at http://www.symantec.com/news. All prices noted are in U.S. dollars and are valid only in the United States.
Symantec and the Symantec Logo are trademarks or registered trademarks of Symantec Corporation or its affiliates in the U.S. and other countries. Other names may be trademarks of their respective owners.
FORWARD-LOOKING STATEMENTS: Any forward-looking indication of plans for products is preliminary and all future release dates are tentative and are subject to change. Any future release of the product or planned modifications to product capability, functionality, or feature are subject to ongoing evaluation by Symantec, and may or may not be implemented and should not be considered firm commitments by Symantec and should not be relied upon in making purchasing decisions.