Security software maker Symantec has split the roles of CEO and chairman of the board, with Dan Schulman now in the position of non-executive chairman while Steve Bennett remains the company’s president and CEO.
“The board and I agree that having an independent director serve as the non-executive chairman is in the best interests of our shareholders,” said Bennett.
“Separating the positions of chairman and CEO allows me to focus on executing the company’s strategic plan and managing the company’s operations and performance. It enhances the board’s independent oversight of the company’s senior management team and enables better communications and relations between the board, the CEO and other senior management segments of the company,” Bennett added.
Schulman has been a member of Symantec’s board of directors since March 2000.