James J. Felcyn, Jr. Announces Plans to Resign From Position as Citrix CFO
PR Newswire - September 22, 1999 18:17
FORT LAUDERDALE, Fla., Sept. 22 /PRNewswire/ -- Citrix Systems Inc. (Nasdaq: CTXS) today reported that its chief financial officer, James J. Felcyn, Jr., plans to resign in order to pursue personal interests. With an active search for a new CFO already underway, Felcyn plans to continue in the CFO role through either the rest of this calendar year or until a replacement is found, whichever comes first. After transitioning his responsibilities, he plans to serve in a consulting capacity to the company.
"Jim has been vital in building Citrix into a world-class enterprise software company and was key in successfully positioning us for our IPO in 1995," said Mark Templeton, Citrix president and chief executive officer. "He will continue to play a key role as we search for a replacement, and then as a consultant. With Citrix well positioned for a smooth and effective transition during the upcoming months, the timing here is good. Everyone at Citrix wishes Jim all the best in his new endeavors."
"It has been a great run for Citrix over the past 10 years, and I am proud to have been a part of helping the company become an industry leader in server-based computing," said Felcyn. "Today, Citrix is solid financially and the time is right for me to focus on other aspects of my life from which I would be precluded while serving as CFO of the company. I look forward to continuing to contribute to the company's growth through the end of the year."
About Citrix
Founded in 1989, Citrix Systems, Inc. is a world leader in system software for server-based computing. The MetaFrame(TM) and WinFrame(R) product lines and Independent Computing Architecture (ICA(R)) technology give organizations the independence, speed and flexibility needed to extend any application to anyone, anywhere. The company's server-based computing solutions are marketed through a worldwide business alliance of value-added resellers, system integrators, OEM licensees and industry associates. Citrix is based in Fort Lauderdale, Fla. and is traded on the Nasdaq National Market under the symbol CTXS. For more information, please visit the Citrix website at citrix.com .
For Citrix Investors
Forward-looking statements in this release are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. Investors are cautioned that statements in this press release which are not strictly historical statements, including, without limitation, statements regarding current or future financial performance, management's plans and objectives for future operations, product plans and performance, management's assessment of market factors, as well as statements regarding the strategy and plans of the company and its strategic partners, constitute forward-looking statements which involve risks and uncertainties, including, without limitation, risks associated with the company's reliance upon its strategic relationships with Microsoft and other strategic partners, dependence upon broad-based acceptance of the company's ICA protocol, management of growth, market acceptance of new products or new versions of existing products, the possibility of undetected software errors, and dependence on proprietary technology, as well as risks of downturns in economic conditions generally, and in the software industry specifically, and risks associated with competition, competitive pricing pressures and year 2000 compliance efforts of the company and third parties on which the company is dependent. For a more detailed description of the risk factors associated with the company, please refer to the company's Annual Report or Form 10-K for the year ended December 31, 1998, on file with the Securities and Exchange Commission, and the company's Form 10-Q for the quarter ended June 30, 1999, on file with the Securities and Exchange Commission.
Citrix(R), WinFrame(R) and ICA(R) are registered trademarks of Citrix Systems, Inc. MultiWin(TM) and MetaFrame(TM) are trademarks of Citrix Systems, Inc. for which there are pending applications for registration in the U.S. Patent and Trademark Office. All other trademarks and registered trademarks are property of their respective owners.
SOURCE Citrix Systems Inc.
/CONTACT: Scott Davidson, 954-267-2388, Jeff Lilly, 954-267-2886, or Joe
Horine, 954-267-23042, all of Citrix; or Media Inquiries, Marty Gitlin,
212-661-8030, or Investor Inquiries, Julie Creed, 312-640-6724, both of the
Financial Relations Board for Citrix Systems Inc./
|
