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Stephen M. Bennett is an American businessman.[1][2][3] From 2012 until March 20, 2014, he served as the president and chief executive officer of Symantec.[4][5]
Biography
editEarly life
editBennett is the son of former University of Wisconsin Badgers football letterman Steve Bennett. He grew up in Wisconsin, attending Madison West High School before attending the University of Wisconsin, where he became a standout athlete in baseball. He was a two-time All-Big Ten selection and set school records for hits, doubles, and RBIs in a career. Bennett graduated from the UW-Madison in 1976 with a Bachelor’s in Business Administration.[6]
Career
editBennett worked at General Electric for twenty-three years, where he held management roles in GE Capital e-Business, GE Capital Vendor Financial Services, GE Electrical Distribution and Control, GE Appliances, GE Medical Systems and GE Supply. He served as the CEO of Intuit from 2000 to December 2007. During his tenure at Intuit, annual revenue grew from less than $1 billion in 2000 to $2.7 billion in 2007.[4][citation needed]
Bennett joined the board of directors of Symantec in February 2010 and served as chairman from 2011 to 2013. He was named as Symantec’s chief executive officer in July 2012,[4] replacing 19-year Symantec veteran Enrique Salem as CEO. Bennet tried to bring in a lot of structural changes similar to GE which created chaos in the organization, instead of focusing on Symantec's flailing product-line. He served until March 20, 2014, when he was fired for moving too slowly on innovation and new product development, according to The New York Times.[7] He earned $36 million during his 20-month tenure.[8]
He served on the board of directors of Sun Microsystems from May 2004 to December 2009.
References
edit- ^ Stephen Bennett: Executive Profile & Biography – Businessweek[dead link]. Investing.businessweek.com. Retrieved on 2013-03-14.
- ^ Stephen Bennett. Forbes. Retrieved on 2013-03-14.
- ^ Qualcomm Incorporated – Board of Directors Archived 2012-05-21 at the Wayback Machine. Investor.qualcomm.com. Retrieved on 2013-03-14.
- ^ a b c Steve Bennett, President and Chief Executive Officer. Symantec.com. Retrieved on 2013-03-14.
- ^ Symantec Board Terminates Steve Bennett CEO. RTT News. Retrieved on 2014-03-20.
- ^ "Bennett gives back to help current Badgers". Wisconsin Athletics. Retrieved 2019-03-18.
- ^ Perlroth, Nicole (2014-03-20). "Symantec Fires Chief Seen as Too Slow on Innovation". Bits Blog. Retrieved 2019-03-18.
- ^ Millman, Gregory J. (2014-03-25). "Symantec Ex-CEO: $36 Million for 20 Months Work, No Strings Attached". WSJ. Retrieved 2020-01-20.
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