CDRInfo Forum CDRInfo Forum

Forums  Register  Login  My Profile  Inbox  Address Book  My Subscription  My Forums 

Photo Gallery  Member List  Search  Calendars  FAQ  Ticket List  Log Out

McAfee CFO Richards To Retire In December!   Logged in as: Guest
Viewers: 1373 You can click here to see Today's Posts | Most Active Topics | Posts Since Last Visit
  Printable Version
All Forums >> [News Around The Web] >> General Computing News >> McAfee CFO Richards To Retire In December! Page: [1]
Login
Message << Older Topic   Newer Topic >>
McAfee CFO Richards To Retire In December! - 9/7/2004 4:06:11 PM   
SiliconFreak


Posts: 12103
Joined: 7/4/2003
From: Melbourne, Victoria, AUS
Status: offline
Internet security company McAfee Inc. Monday said Stephen Richards, its chief operating officer and chief financial officer, will retire at the end of the year to spend time with his family.

Santa Clara-based McAfee, the former Network Associates Inc., said that it has begun a search for a new financial chief and will eliminate the title of operating chief.

Richards, 50, joined McAfee as finance chief in April 2001, was named chief operating officer in November 2001, and served as a member of the company's core management team. Richards came to McAfee from E-Trade Financial Corp. where he was chief financial officer.

In morning trading, shares of McAfee were at $19.61, down 17 cents, or 0.9 percent, on the New York Stock Exchange.

"Steve has been instrumental in restoring McAfee's financial health, and the company's credibility with its shareholders and the investment community," Chairman and Chief Executive George Samenuk said.

McAfee, with 2003 revenue of $936.3 million, recently completed a major overhaul of its business, including a number of unit divestitures and acquisitions, to return to its roots as a security company.

The strategic shift culminated in April, when it announced the sale of its Sniffer Technologies unit and changed the company name from Network Associates to McAfee after its well-known security-product brand.

In August, McAfee agreed to buy Foundstone Inc., a closely held network-vulnerability management company, for $86 million.


Source : The Associated Press
Post #: 1
Page:   [1]
All Forums >> [News Around The Web] >> General Computing News >> McAfee CFO Richards To Retire In December! Page: [1]
Jump to:





New Messages No New Messages
Hot Topic w/ New Messages Hot Topic w/o New Messages
Locked w/ New Messages Locked w/o New Messages
 Post New Thread
 Reply to Message
 Post New Poll
 Submit Vote
 Delete My Own Post
 Delete My Own Thread
 Rate Posts




Forum Software © ASPPlayground.NET Advanced Edition 2.4.5 ANSI

0.031