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

▤ Summary

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.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.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.Likewise, a global community of more than 50 million people and families rely on Symantecs Norton and LifeLock product suites to protect their digital lives at home and across their devices.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.

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