CUPERTINO, Calif. --February 6, 1997-- Symantec Corporation (Nasdaq: SYMC) today announced the appointment of Howard Bain III, 50, to Vice President, Worldwide Operations and Chief Financial Officer. Effective today, Mr. Bain reports to President and CEO Gordon E. Eubanks, Jr.
"I am very pleased to announce the appointment of Howard to my Executive Staff. He has demonstrated a high level of reliability and leadership as our Vice President of Finance and I look forward to his future contributions to the senior management team," said Mr. Eubanks.
Mr. Bain has over twenty-five years of experience in all phases of corporate operations. He has been Symantec's Vice President of Finance for the last 5 years. During the 10 years prior to joining Symantec in 1991, he served as CFO for a number of entrepreneurial technology companies in the semiconductor, semiconductor capital equipment, large screen video/graphics display and computer disk drive industries. His previous experience includes senior financial and accounting management positions with Fairchild Camera and Instrument Corporation and as a consultant with Arthur Andersen & Company.
Mr. Bain is a CPA and hold a B.S. in Business from California Polytechnic University.
Symantec also announced today that Robert Dykes, 47, will be appointed to Symantec's Board of Directors. After eight years with Symantec, most recently as the Executive Vice President of Worldwide Operations and Chief Financial Officer, Bob will be leaving for a new position with Flextronics International. "Bob has made tremendous contributions to Symantec, and we know he will continue to do so as a member of our board of directors," said Mr. Eubanks.
Prior to joining Symantec, Mr. Dykes was vice president of finance and corporate development at Adept Technology, Inc. a robotics firm. He oversaw all financial and human resource procedures and developed venture capital and funding strategies from 1984 to 1988. Mr. Dykes also served as executive vice president of finance and administration at Xebec Corporation, responsible for all financial, legal and administrative matters. Mr. Dykes started his career while with Ford Motor Company from 1971 to 1983 where he held various financial management positions.
The press release contains forward-looking statements concerning product development efforts by Symantec. There are certain important factors that could cause Symantec's future development efforts to differ materially from those anticipated by some of the statements made above. Additional information concerning these and other risk factors is obtained in the "Risk Factors" section of the Proxy statement dated July 29, 1996, the company's annual report on Form 10-K for the fiscal year ended March 29, 1996 and the Company's Form 10-Q for the fiscal quarter ending September 27, 1996.
About Symantec Corporation
Symantec Corporation develops, markets, and supports a complete line of application and system software products designed to enhance individual and workgroup productivity as well as manage networked computing environments. Platforms supported include IBM personal computers and compatibles, Apple Macintosh computers as well as all major network operating systems. Founded in 1982, the company's global operations span North America, Europe and several fast growing markets throughout Asia Pacific and Latin America. Information on the company and its products can be obtained by calling (800) 441-7234 toll free or (541) 334-6054 or on the Symantec Press Center at http:// www.symantec.com/PressCenter/ on Symantec's website.
NOTE TO EDITORS: If you would like additional information on Symantec Corporation and its products, please view the Symantec Press Center at http://www.symantec.com/PressCenter/ on Symantec's Website.