Symantec has confirmed that CEO Michael Brown is to step down, as it reported a drop in shares and its estimated revenue was $12 million lower than its forecast of $885 million-$915 million.
Brown, who has been the CEO for more than one-and-a-half years, will continue in his post until a successor has been appointed. The company said Ajei Gopal, who is also going to be part of the office, is rejoining Symantec as chief operating officer, according to Reuters. The security software maker said it formed an "office of president" to focus on the company's strategic priorities as it continues its search for Brown's successor.
Read more Symantec confirm CEO Michael Brown to step down
Brown, who has been the CEO for more than one-and-a-half years, will continue in his post until a successor has been appointed. The company said Ajei Gopal, who is also going to be part of the office, is rejoining Symantec as chief operating officer, according to Reuters. The security software maker said it formed an "office of president" to focus on the company's strategic priorities as it continues its search for Brown's successor.
Read more Symantec confirm CEO Michael Brown to step down
