CITRIX SYSTEMS INC appointed Mr. Krause as new CEO

Item 5.02 
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. 


The information set forth in the Introductory Note and Item 2.01 of this Current Report on Form 8-K is incorporated by reference into this Item 5.02. 

In connection with the Merger, Robert M. Calderoni, Nanci E. Caldwell, Murray J. Demo, Thomas E. Hogan, Moira A. Kilcoyne, Robert E. Knowling, Jr., Peter J. Sacripanti and J. Donald Sherman each resigned from the Board of Directors of the Company (the "Board") and from any and all committees of the Board on which they served and ceased to be directors of the Company at the Effective Time. At the Effective Time, Thomas Krause, Jesse Cohn, Jason Genrich, Chris Hsu, Betty Hung, David Kerko, Isaac Kim, Maneet S. Saroya, Robert F. Smith, John Stalder and Steven White became the directors of the Company. In addition, at the Effective Time, each of the Company's executive officers ceased serving in their respective positions at the Company, with the exception of Antonio Gomes and Hector Lima. Also, Mr. Krause was appointed President and Chief Executive Officer of the Company and Thomas Berquist was appointed Chief Financial Officer of the Company. 

Mr. Krause, 44, assumed the role of Chief Executive Officer of the Company upon closing of the Merger. Mr. Krause most recently served as President of the Broadcom Software Group, overseeing the company's six software divisions as well as software sales, customer support and software operations. Mr. Krause previously served as Chief Financial Officer at Broadcom Inc. from October 2016 to December 2020, where he was responsible for all financial functions, mergers and acquisitions, information technology, human resources and investor relations. He joined the company as Vice President of Corporate Development in January 2012. Prior to joining, Mr. Krause ran his own financial advisory firm where he represented several public and private technology companies. Prior to this, he served as Vice President of Business Development at Techwell, a mixed-signal fabless semiconductor company that went public in 2006 and was acquired by Intersil in 2010. Additionally, he has had roles with Technology Crossover Ventures and Robertson Stephens. Mr. Krause received a B.A. in Economics from Princeton University. 

Mr. Berquist, 58, was appointed Chief Financial Officer of TIBCO in October 2015 and assumed the role of Chief Financial Officer of the Company upon closing of the Merger. Mr. Berquist is responsible for worldwide financial operations and reporting, investor relations, information technology, and facilities. Prior to joining TIBCO, Mr. Berquist held CEO and CFO roles at software companies including Saba, Corel, and Actian. In addition, he spent 10 years on Wall Street with Citigroup, Goldman Sachs, and Piper Jaffray, and six years at Deloitte. Mr. Berquist earned a B.A. degree in Accounting and an M.B.A. in Management & Marketing from the University of St. Thomas.