Tomahawk, WI 11/01/2013 (BasicsMedia) – Citrix Systems, Inc. (NASDAQ:CTXS) is set to be without Mark Templeton, its President and CEO. While such news might attract a lot of negative feedback, the reasons behind it are important. The CEO and President of CTXS lost his 27-year old son recently. The effect that his absence will have on the company is worth examining. Mark Templeton plays a crucial role in the day-to-day running of the company and one can only hope that his absence will not have a negative effect since it is only for a short period, and is purely for family reasons.

CEO’s Absence is for Family Reasons

Normally, most companies react poorly in the financial market when its top executive is set to be out of office for any length of time. Fortunately, in the case of CTXS, the negative effect is minimal. What needs to mentioning is if there is a competent person to assume Mark’s roles during the few days when he will be absent. Luckily, the company has a deluge of talent in this area and the current CFO and Executive President in charge of operations, David Henshall, is set to assume Templeton’s responsibilities until he is through mourning his recently departed son.

Templeton’s absence from CTXS is quite telling, regardless of the reasons. Under his tenure, the company has seen growth in its financials. It has reported growth in its core business, that of cloud computing, and will surely be missed during the time he will be absent. CTXS announced that Templeton will still be up to date with what is going on in the company since he will sit in the board. Templeton will only step back from fulfilling his executive responsibilities to the company. His presence in the board of CTXS will not suffer in any way during this period.

CEO’s Absence to Last for an Unknown Period

These could be trying times for CTXS since it is unclear when Mark will resume his responsibilities as the CEO and President of this cloud computing company. I do not see too much trouble ahead. The acting CEO, David Henshall, has been with CTXS since 2003 and knows what is required for anyone at the helm of this cloud computing giant. His main task in the past has been to provide oversight to the company’s operations as well as finances, and he has performed remarkably well during his tenure as he COO.

It is critical to remember that Mark Templeton asked to be excused from his responsibilities, and the company saw it fit to grant him these wishes. If the company had asked him to step out for any reason, any sort of negative reaction from the financial market towards CTXS would be understandable and perfectly justified. However, since this is not what happened, CTXS is safe. It has recently released its third quarter results and while they fell short of what I expected, I believe the company is in a healthy position financially and in terms of operations as well.

CTXS remains a good option for anyone interested in adding it to his or her portfolio.

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