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10 Things To Watch For From Symantec's Interim CEO Richard Hill

Here's a deep dive into why Symantec CEO Greg Clark left abruptly and how interim CEO Richard Hill plans to address challenges around channel performance, closing deals, and the company's enterprise security pipeline.

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New Beginnings

Symantec startled the industry with the news Thursday that Greg Clark was immediately resigning as president, CEO and board member after three years in the top job. Following the announcement, the company's stock plummeted $3.30, or 14.88 percent, to $18.87, which is the lowest Symantec's stock has traded since early January.

The cybersecurity giant also announced that former Novellus Systems Chairman and CEO Richard Hill (pictured) would take over as Symantec's president and CEO on an interim basis. The company said it plans to begin the search process to find a permanent CEO.

"I accepted this role because Greg [Clark] and the management team convinced me we had solid industry-leading products with more on the way," Clark said. "I have verified that is true. We have issues and have determined that they are fixable."

Here's a deeper look at why Clark resigned as Symantec CEO, what makes Hill a good fit to be his interim replacement, and what Hill believes are the strengths and weaknesses in the company's business today.

 
 
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