Citrix Shakes Up C-Suite Once Again as Tatarinov Exits, CFO Henshall in as CEO; Shares Overvalued
On July 10, Citrix announced that the company had parted ways with CEO Kirill Tatarinov and is moving longtime CFO David Henshall into the vacant CEO role. Citrix called Tatarinov’s departure a “mutual decision†in a press release, marking the end of Tatarinov’s 18-month run at the helm of Citrix. The suddenness of Tatarinov’s exit gives us some pause, as we believe the core Citrix business is in a challenging position after the company has undergone so many drastic overhauls in the last two yea...Citrix Systems is an enterprise software company. The company markets and licenses its solutions through multiple channels worldwide, including selling through resellers, direct and over the Web. The company's partner community comprises thousands of value-added resellers known as Citrix Solution Advisors, value-added distributors, systems integrators, independent software vendors, original equipment manufacturers and Citrix Service Providers. The company provides solutions and services that it categorizes into three inter-related and complementary areas: Workspace, Networking and Professional Services.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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