Symantec acting CFO to leave company for Fortinet

The Associated Press
December 20, 2013

Symantec Corp. said Friday that its acting chief financial officer, Andrew Del Matto, is leaving the company at the end of the year for the CFO job at network security company Fortinet Inc.

Symantec, the security software maker, named Don Rath as interim CFO starting on Jan. 2. Rath is the company's vice president of global tax.

Rath joined Symantec in August 2012 and previously held senior tax and finance roles with software company Synopsys Inc. and others.

Del Matto was named acting CFO in September after Symantec's previous CFO, James Beer, left the company for another job.

Symantec said it expects to name a permanent CFO within the next 30 to 60 days.

"We've made substantial progress in the search for our permanent CFO, which we launched in October, and have identified several promising individuals from among the pool of candidates," said Symantec President and CEO Steve Bennett in a statement.

Shares of Symantec, which is based in Mountain View, Calif., slipped 48 cents to close at $22.51 Friday.