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Citrix Appoints David Urbani as Acting CFO; John P. Cunningham Retires Due to Personal Matters.


Business Editors/Technology Writers

FORT LAUDERDALE Fort Lauderdale (lô`dərdāl), residential, commercial, and resort city (1990 pop. 149,377), seat of Broward co., SE Fla., on the Atlantic coast; settled around a fort built (c.1837) in the Seminole War, inc. 1911. , Fla.--(BUSINESS WIRE)--May 31, 2002

Citrix Systems Citrix Systems' (NASDAQ: CTXS) is an American technology company, based in Fort Lauderdale, Florida, with subsidiary operations in California and Massachusetts, with additional development centers in Australia, India and the UK. , Inc. (Nasdaq:CTXS CTXS Citrix Systems (NASDAQ stock ticker symbol) ), a global leader in virtual workplace software and services, today announced that David Urbani has been appointed acting chief financial officer for Citrix following the retirement of John P. Cunningham. Mr. Cunningham will retire immediately from Citrix due to personal matters that require his full-time attention.

David Urbani joined Citrix in March 2000 as vice president, corporate controller, responsible for the company's financial operations. Previously, he was vice president and treasurer of Maytag Corporation and he also held a treasury position at Air Products and Chemicals. Mr. Urbani holds an undergraduate degree “First degree” redirects here. For the BBC television series, see First Degree.

An undergraduate degree (sometimes called a first degree or simply a degree
 from the Drexel Institute of Technology, and advanced degrees from MIT MIT - Massachusetts Institute of Technology  and Carnegie Mellon University Carnegie Mellon University, at Pittsburgh, Pa.; est. 1967 through the merger of the Carnegie Institute of Technology (founded 1900, opened 1905) and the Mellon Institute of Industrial Research (founded 1913). .

"Dave Urbani has a solid track record as controller and an extensive background in top-level financial and management posts. He will continue to provide great financial leadership while we search for a permanent CFO See Chief Financial Officer. ," said Mark Templeton Mark Templeton (b. 1975) is Principal Trombone of the London Philharmonic Orchestra.

Mark studied at the Guildhall School of Music and Drama 1994-1998 with Eric Crees, Simon Wills and Peter Gane. During this time he became principal of the Gustav Mahler Youth Orchestra.
, president and chief executive officer for Citrix. "At the same time, we thank John for all he has done for Citrix and we wish him the very best."

About Citrix

Citrix Systems, Inc. is a global leader in virtual workplace software and services that provide access to applications, information, processes and people on any device, over any network, anywhere, anytime. Citrix makes today's digital office completely virtual - instead of having to go to your office, the office follows you. Working with the world's top industry, integration and consulting partners, Citrix delivers enterprise-ready solutions to business challenges including application deployment, remote office connectivity, workforce mobility and business continuity. More than 120,000 companies worldwide use Citrix Solutions for the Virtual Workplace to give users more mobility, give IT organizations more flexibility and reduce the cost of computing.

Citrix offers two families of products that enable virtual access to information: Application Server software, including MetaFrame XP(TM), MetaFrame(R) for Windows(R) and MetaFrame for UNIX UNIX

Operating system for digital computers, developed by Ken Thompson of Bell Laboratories in 1969. It was initially designed for a single user (the name was a pun on the earlier operating system Multics).
(R); and Access Portal software, including NFuse(R) Elite and NFuse Classic. The company markets its products through a well-established indirect channel comprising more than 7,000 resellers, integrators and consultants. In fiscal 2001, the company had net revenues of $591.6 million. Citrix is traded on the Nasdaq Stock Market Nasdaq stock market

The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies.
(SM) under the symbol CTXS, and is part of the Standard and Poor's Noun 1. Standard and Poor's - a broadly based stock market index
Standard and Poor's Index
 500 Index. Citrix is headquartered in Fort Lauderdale, Florida Fort Lauderdale, known as the "Venice of America" due to its expansive and intricate canal system, is a city in Broward County, Florida, United States. The city's population is described as metropolitan, where diverse culture is commonplace. According to 2006 U.S. . For more information, please visit the Citrix Web site at http://www.citrix.com.

For Citrix Investors

This release contains forward-looking statements which are made pursuant to the safe harbor Safe Harbor

1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated.

2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive.
 provisions of Section 21E of the Securities Exchange Act of 1934. The forward-looking statements in this release do not constitute guarantees of future performance. Investors are cautioned that statements in this press release, which are not strictly historical statements, including, without limitation, statements regarding management's plans, objectives and strategies constitute forward-looking statements. Such forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated by the forward-looking statements, including, without limitation, dependence upon key personnel, acceptance of the company's MetaFrame and portal software product line; the company's product concentration and its ability to develop and commercialize new products and services; the company's success in expanding into new geographic and vertical markets; the company's ability to expand its core business in large enterprise accounts; the size, timing and recognition of revenue from significant orders and other revenue recognition changes; increased competition, including potential competition from Microsoft and other companies; the results of the company's new licensing programs; changes in the company's pricing policies or those of its competitors, including Microsoft; the costs and risks of developing, acquiring, or integrating new technologies or enhancements to existing products; the risks associated with third party licensing arrangements; the company's reliance upon its strategic relationships with Microsoft and other strategic partners; management of growth and higher operating expenses Operating expenses

The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted.
; the possibility of undetected software errors; dependence on proprietary technology; charges in the event of the impairment of assets; the maintenance of the company's growth rate; as well as risks of downturns in economic conditions generally, and in the software industry specifically, and other risks detailed in the company's filings with the Securities and Exchange Commission. Citrix assumes no obligation to update any forward-looking information contained in this press release or with respect to the announcements described herein.

Citrix(R), MetaFrame(R), MetaFrame XP(TM) and NFuse(R) are registered trademarks or trademarks of Citrix Systems, Inc. in the U.S. and other countries. UNIX(R) is a registered trademark of The Open Group in the U.S. and other countries. Microsoft(R), Windows(R), and Windows NT(R) are registered trademarks of Microsoft Corporation. All other trademarks and registered trademarks are property of their respective owners.
COPYRIGHT 2002 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2002, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:May 31, 2002
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