Jordan Novet / CNBC
The share prices for cybersecurity leader Symantec fell steeply on Thursday, by as much as 15%, following the announcement that CEO, Greg Clark, has stepped down and that Symantec director Richard Hill, formerly CEO of Novellus Systems, was named interim president and CEO, effective immediately. Clark became CEO after Symantec acquired security company Blue Coat, of which he was CEO.
Reuters: Symantec CEO Greg Clark steps down, revenue misses
Investor’s Business Daily: Symantec Earnings In-Line, Revenue Light As CEO Steps Down, Stock Falls