Citrix CEO takes leave of absence due to son's death

Reuters News
Posted: Oct 16, 2013 6:27 PM

(Reuters) - Cloud computing software maker Citrix Systems Inc said Chief Executive Mark Templeton is taking temporary leave of absence due to the death of a family member.

Templeton's son Pierce, the youngest of three children, recently passed away at the age of 27, a company spokesman said.

Chief Financial Officer David Henshall would serve as acting CEO during Templeton's absence, Citrix said in a statement. The company did not say when Templeton would return to his role.

"He now needs to step back from his executive responsibilities for a period of time to be with his family and heal from the impact of this loss," Citrix Chairman Thomas Bogan said in the statement.

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Last week, Citrix estimated quarterly results below analysts' expectations, citing delayed contracts.

(Reporting by Supantha Mukherjee in Bangalore; Editing by Robin Paxton)