Citrix Announces Jesse Cohn Will Step Down from the Board

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Citrix Systems, Inc. (NASDAQ:CTXS) announced today that Jesse Cohn will be stepping down from the board and will therefore not be nominated for re-election to the Citrix board of directors at the company’s next Annual Meeting of Shareholders on June 3, 2020.

Mr. Cohn, partner and senior portfolio manager at Elliott Management, has served on the Citrix board since July 2015, and has been a member of the nominating and corporate governance committee since 2016.

“We want to thank Jesse for his dedicated service to the board,” said Bob Calderoni, chairman of the board. “His candor, insights and partnership have been valuable and appreciated as the company was executing a significant shift in our strategy, operations and business model. Today, with leadership from the board and executive team, and execution by our 8,500 plus employees, Citrix is stronger and more valuable than ever, and I want to thank Jesse for his many contributions to our success over the past five years.”

Mr. Cohn commented that “Citrix has been a terrific long-term investment for Elliott Management, and I’m proud to have served as a member of the board during this phase of the company’s growth and transformation. I want to thank David Henshall and his team, my fellow directors on the board, and all of Citrix’s talented employees for making these past five years such a positive and collaborative experience, and I look forward to the company’s continued success.”

About Citrix

Citrix (NASDAQ:CTXS) is powering a better way to work with unified workspace, networking, and analytics solutions that help organizations unlock innovation, engage customers, and boost productivity, without sacrificing security. With Citrix, users get a seamless work experience and IT has a unified platform to secure, manage, and monitor diverse technologies in complex cloud environments. Citrix solutions are in use by more than 400,000 organizations including 98 percent of the Fortune 500.

For Citrix Investors:

This release contains forward-looking statements which are made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 and of Section 21E of the Securities Exchange Act of 1934. The forward-looking statements in this release do not constitute guarantees of future performance. Those statements involve a number of factors that could cause actual results to differ materially, including risks associated with the impact of the global economy and uncertainty in the IT spending environment, revenue growth and recognition of revenue, products and services, their development and distribution, product demand and pipeline, economic and competitive factors, the Company's key strategic relationships, acquisition and related integration risks as well as other risks detailed in the Company's filings with the Securities and Exchange Commission. Citrix assumes no obligation to update any forward-looking information contained in this press release or with respect to the announcements described herein. The development, release and timing of any features or functionality described for our products remains at our sole discretion and is subject to change without notice or consultation. The information provided is for informational purposes only and is not a commitment, promise or legal obligation to deliver any material, code or functionality and should not be relied upon in making purchasing decisions or incorporated into any contract.

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