Citrix Announces Arlen Shenkman as Chief Financial Officer
August 19 2019 - 8:30AM
Business Wire
Citrix Systems, Inc. (Nasdaq: CTXS) today announced that Arlen
R. Shenkman has been appointed Executive Vice President and Chief
Financial Officer (CFO), reporting to Citrix president and CEO,
David Henshall, effective September 9, 2019. He joins Citrix from
SAP, where he held financial and business development roles
critical to SAP’s cloud transformation.
“Our cloud transformation, and the shift to a subscription
model, is moving rapidly,” said Henshall. “Arlen’s experience in
driving accelerated growth through a shift to a subscription model,
and in accelerating business outcomes through M&A, greatly
bolsters our seasoned leadership team, many of whom have also
helped other leading companies with their cloud
transformations.”
“This is a great opportunity to apply my cloud transformation
experience to a company that is already progressing along its
strategic path so well,” said Shenkman. “I look forward to building
on the company’s clear early success.”
As CFO, Shenkman will be responsible for all of the company’s
financial and capital management strategies, budgeting and
planning, financial accounting, tax and treasury, investor
relations, strategic alliances, and M&A.
He will succeed Jessica Soisson, who has served as Citrix’s
Interim CFO since April 2019. Soisson will remain at Citrix and
will report to Shenkman in her continuing role as Corporate
Controller and Chief Accounting Officer.
“I want to thank Jessica for her work as Interim CFO over the
past several months as we drove the acceleration of our new
business model,” said Henshall. “We are thankful for her many
contributions during this time of rapid change.”
Shenkman most recently served as Executive Vice President and
Global Head of Business Development and Ecosystems at SAP. In that
role, he was responsible for driving business development by
building new ecosystems, fostering strategic partnerships,
incubating new business models, and overseeing investments and
mergers and acquisitions.
Prior to that role, Shenkman served as CFO of SAP North America,
SAP’s largest business unit, responsible for all finance functions
in North America, including forecasting and planning, identifying
efficiencies, and ensuring the region’s overall financial
health.
Shenkman previously served as Global Head of Corporate
Development for SAP and was a principal architect of SAP’s rapid
transformation into a cloud company.
About Citrix
Citrix (NASDAQ:CTXS) is powering a better way to work with
unified workspace, networking, and analytics solutions that help
organizations unlock innovation, engage customers, and boost
productivity, without sacrificing security. With Citrix, users get
a seamless work experience and IT has a unified platform to secure,
manage, and monitor diverse technologies in complex cloud
environments. Citrix solutions are in use by more than 400,000
organizations including 99 percent of the Fortune 100 and 98
percent of the Fortune 500.
For Citrix Investors:
This release contains forward-looking statements which are made
pursuant to the safe harbor provisions of Section 27A of the
Securities Act of 1933 and of Section 21E of the Securities
Exchange Act of 1934. The forward-looking statements in this
release do not constitute guarantees of future performance. Those
statements involve a number of factors that could cause actual
results to differ materially, including risks associated with the
impact of the global economy and uncertainty in the IT spending
environment, revenue growth and recognition of revenue, products
and services, their development and distribution, product demand
and pipeline, economic and competitive factors, the Company's key
strategic relationships, acquisition and related integration risks
as well as 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. The
development, release and timing of any features or functionality
described for our products remains at our sole discretion and is
subject to change without notice or consultation. The information
provided is for informational purposes only and is not a
commitment, promise or legal obligation to deliver any material,
code or functionality and should not be relied upon in making
purchasing decisions or incorporated into any contract.
© 2019 Citrix Systems, Inc. Citrix, the Citrix logo, and other
marks appearing herein are the property of Citrix Systems, Inc. and
may be registered with the U.S. Patent and Trademark Office and in
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version on businesswire.com: https://www.businesswire.com/news/home/20190819005039/en/
Media Contact: Karen Master Citrix +1 216-396-4683
Karen.master@citrix.com
Investor Contact: Traci Tsuchiguchi Citrix +1 408 790
8467 Traci.tsuchiguchi@citrix.com
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