By Joey Gardiner, 26 June 2000 13:26
NEWS Ed Iacobucci, chairman and founder of Citrix Systems, has resigned following a turbulent few weeks in which Citrix shares have fallen to a third of their former value. Iacobucci is to be replaced by Roger Roberts, current chief executive at Citrix, who will take on the role of chairman and interim chief executive. The management shake-up comes despite the fact Citrix has gone a long way towards rebranding itself as a technology provider for the nascent ASP market. On 12 June Citrix issued a profit warning saying it would not meet earnings estimates, and on 15 June a securities class action lawsuit was filed against the Citrix board for making false and misleading statements. Citrix has said it intends to vigorously fight these allegations.
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