President of Symantec Gary Bloom to retire
The former CEO of Veritas Software Gary Bloom who became the president of Symantec after the merger of the two companies has announced his decision to retire by the end of March this year. Bloom is also the Vice Chairman of the group, which specializes in making security applications for the various computing platforms.
Symantec officials have confirmed his decision to retire later this year. The company has also confirmed that they have no immediate plans to fill up the position of President. Bloom would also be stepping down as the vice chairman of the board of directors.
Symantec took over the operations of Veritas in December 2004 after paying up as much as $13.5 billion for the deal. The acquisition was completed in June last year. Bloomâ€™s decision to retire comes just months after another senior executive in the company; John Schwarz decided to leave the company to pursue other business interests. Schwarz is now working as the CEO of Business Objects.
Bloom said in a statement on his decision to retire: “The strength of the management team at Symantec gives me comfort in deciding to use this transition to take a break after almost 25 years in the high technology industry. I still firmly believe in the strategic rationale for bringing Symantec and Veritas together.”