The company, which makes cloud computing software, recently announced that David J. Henshall, who has been both chief financial officer and executive vice president of operations, will be acting CEO.
The leave comes as a result of Pierce Templeton’s death during the summer. He was 27, and the youngest of Mark and Yvonne Templeton's three children.
“As many know, Mark recently suffered a tragic death in his immediate family,” Citrix chairman Thomas F. Bogan said in a recent statement. “He now needs to step back from his executive responsibilities for a period of time to be with his family and heal from the impact of this loss. The Board is fully supportive of Mark and we are fortunate to have such a capable management team and an experienced executive in David Henshall ready to step in as Acting CEO. Under this leadership, we are confident that Citrix will continue to drive forward and execute on our strategic plans."
Henshall has been with Citrix for 10 years. In his recent post, he managed the company’s finances and operations. The specific responsibilities included accounting, financial planning and analysis, investor relations, strategic development, tax and treasury. He also led the IT, operations, real estate and supply chain units.
Before Citrix, he was chief financial officer of Rational Software Corporation, a software company acquired by IBM (News - Alert) Corporation in 2003. He received an MBA from Santa Clara University and a bachelor’s degree in finance from the University of Arizona.
The company’s products are used by over 260,000 organizations and over 100 million users. Last year, Citrix’s revenue was $2.59 billion. During the most recent Q3, Citrix fell short of revenue expectations. Revenue for the quarter is predicted to be between $710 million and $712 million, below the company’s predicted revenue amount of between $730 million and $740 million. Details on the quarter will be presented on Wednesday.