SYMC Symantec Corporation

By Patrick Thomas

Symantec Corp. (SYMC) said Thursday that Greg Clark will step down from his role as chief executive effective immediately, sending shares of the cybersecurity company down 9% during after-market trading.

The California company said board director Richard Hill would succeed Mr. Clark on an interim basis while a search process for a permanent CEO is underway.

Mr. Clark had led the company since 2016. He will also step down as a Symantec director, shrinking the size of the company's board to 12.

Mr. Hill has been a member of Symantec's board since January. He has served as chairman of semiconductor company Marvell Technology Group Ltd. since May 2016.

Separately, Symantec said Vincent Pilette, the financial chief of Logitech International SA (LOGI) and a former Hewlett Packard Enterprise Co. (HPE) executive, will be its new CFO, effective May 21. The company's former CFO, Nicholas Noviello, left the company in January to pursue other opportunities, the company said.

Write to Patrick Thomas at patrick.thomas@wsj.com

(END) Dow Jones Newswires

May 09, 2019 17:06 ET (21:06 GMT)

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