Symantec Chief Strategy Officer Brian Kenyon is leaving the company, according to multiple people familiar with the matter. In an interview with The Information, Mr. Kenyon confirmed he left the company last week and said he just needed some time off. Mr. Kenyon joined Symantec, one of the largest security companies with a market capitalization of more than $12 billion, through its $4.65 billion acquisition of Blue Coat Systems in 2016. Since then, he has led strategy for the company’s enterprise security business.
Symantec has struggled to get growth from its enterprise security business, even while its consumer business grows. In its most recent earnings call, Symantec CEO Greg Clark addressed the shortcomings of the enterprise security business directly, which had a 20% decline in billings year over year. It has been a tough year for the company, which faces increased competition for its security products, as well as a recently closed SEC investigation into how it recognized revenues and activist investors from Starboard that forced it to change up its board of directors. In August, it also announced plans to lay off about 8% of staff.