Citrix Names John Cunningham Chief Financial Officer; Veteran Executive Brings Broad Financial Experience From Senior Positions at IBM, Wang, Maytag and Whirlpool.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)--Dec. 7, 1999-- 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) ) today announced that John P. Cunningham will become chief financial officer and senior vice president of Finance and Administration effective immediately. Cunningham comes to Citrix(R), a world leader in application server software and services, from Getronics (formerly Wang Global), where he was executive vice president and CFO See Chief Financial Officer. . James J. Felcyn, the current Citrix CFO who announced his plans to resign and pursue personal interests in September, will remain until the end of the year as a consultant. "Our continued success depends in large part on our ability to attract seasoned leaders who understand what our customers, partners and employees need," 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. , Citrix president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "John Cunningham brings tremendous experience in both large, global companies and entrepreneurial ventures, and he is the right leader to help us expand our presence as a global enterprise software provider." "I believe Citrix is well positioned for continued growth and I am excited about the opportunity to be a part of it," said Cunningham. "Citrix already has a leadership position in the application server software arena, and as a company that is critical to the ASP model, I believe it is poised for big things. I look forward to contributing to Citrix's future success." Cunningham's financial experience includes CFO positions at Whirlpool and Maytag in addition to Getronics. He also enjoyed an impressive 20-year career at IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) where he served as corporate controller and in several executive management positions, including vice president and assistant general manager of IBM's Mainframe Division. About Citrix Citrix Systems, Inc. is the global leader in application-server software and services that offer "Digital Independence(TM)" the ability to run any application on any device over any connection, wireless to Web. Citrix's solutions enable organizations of all types, from major enterprises to emerging Application Service Providers (ASPs), to reach more users, with more applications, in more locations - and achieve this with record speed, greater predictability and lower costs. Founded in 1989, Citrix today is one of the world's fastest-growing software companies, with more than 100,000 customers worldwide, including 99 of FORTUNE 100 firms. Its products, including MetaFrame(TM) software and Independent Computing Architecture Independent Computing Architecture (ICA) is a proprietary protocol for an application server system, designed by Citrix Systems. The protocol lays down a specification for passing data between server and clients, but is not bound to any one platform. (ICA Ica (ē`kä), city (1993 pop. 108,724), capital of Ica dept., SW Peru, on the Pan-American Highway. It is a commercial center for the cotton, wool, and wine produced in the region. There are several summer resorts nearby. (R)), a core application-server technology, have been widely adopted by the corporate mainstream to achieve key business goals. The firm, which markets its solutions through value-added resellers, system integrators and OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and licensees, is headquartered in Fort Lauderdale, Fla. Citrix is traded on the Nasdaq National Market under the symbol CTXS and was recently named to the Standard & Poor's 500 Index. For more information, please visit the Citrix Web site at http://www.citrix.com For Citrix Investors Forward-looking statements in this release 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. Investors are cautioned that statements in this press release which are not strictly historical statements, including, without limitation, statements regarding current or future financial performance, management's plans and objectives for future operations, product plans and performance, management's assessment of market factors, as well as statements regarding the strategy and plans of the company and its strategic partners, constitute forward-looking statements which involve risks and uncertainties, including, without limitation, risks associated with the company's reliance upon its strategic relationships with Microsoft and other strategic partners, dependence upon broad-based acceptance of the company's ICA protocol, management of growth, dependence upon and integration of key personnel, market acceptance of new products or new versions of existing products, the possibility of undetected software errors, and dependence on proprietary technology, as well as risks of downturns in economic conditions generally, and in the software industry specifically, and risks associated with competition, competitive pricing pressures and year 2000 compliance efforts of the company and third parties on which the company is dependent. For a more detailed description of the risk factors associated with the company, please refer to the company's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 1998, on file with the Securities and Exchange Commission, and the company's Form 10-Q Form 10-Q See 10-Q. for the quarter ended September 30, 1999, on file with the Securities and Exchange Commission. Citrix(R), WinFrame(R) and ICA(R) are registered trademarks of Citrix Systems, Inc. MultiWin(TM) and MetaFrame(TM) are trademarks of Citrix Systems, Inc. for which there are pending applications for registration in the U.S. Patent and Trademark Office. All other trademarks and registered trademarks are property of their respective owners. |
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