Yesterday Citrix announced that CEO Mark Templeton is not going to retire this year after all, instead making a "multi-year commitment." This is a surprise because a few months ago they officially announced that he'd retire by the end of the year, so this is a definite surprise.
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Templeton staying on ends the speculation of who would replace him as CEO. His successor was one of the top questions people have been asking, as well as a source of conversation over drinks at all the industry gatherings. (Names ranged from Meg Whitman to Bob Muglia to AppDetective.)
We don't know why Templeton is staying on. Some have speculated on Twitter that maybe the role is too big to fill, while others responded, "meh, if Microsoft can do it, than so can Citrix."
Templeton is generally liked and has been CEO for 14 years, and he was at the helm as Citrix grew from $400m in annual revenue to $3B today.
This isn't the first time Citrix's search committee gave up and went with Templeton. He joined the company in the nineties and was VP of Sales before becoming interim CEO while the company looked for a permanent CEO. At some point during their search, they must've said, "Hey! How about if you just stay on as our permanent chief?" (Or actually, for all we know, it would have been the other way around, with Mark saying, "Guys, I think I found the CEO—me!"
Personally I like the guy so I'm glad to see him stay on. The only awkward thing is that at Synergy this past May, everyone knew that Mark was leaving and it was very emotional. He got choked up talking to the CTPs, during the keynote, during the interviews. It was all bittersweet. And now next year we're all going to meet again and think, "Oh, sooo... yeah. Hi." (It's like when you run into a friend on the street corner and catch up and then say, 'ok, nice to see you, I have to go,' and then it turns out that you're both walking in the same direction.
On the bright side, any other Citrix execs who were worried that a new CEO would bring in his or her own executive team to replace them can breathe a sigh of relief.