In a statement released after market close on Nov.27, Fortinet said that Rubaie is leaving the company "for personal reasons". Rubaie, who has been with the security specialist for just seven months, will remain employed with Fortinet until Dec.5. He will also be available "on a reasonable basis" through March 5, 2014, to assist with the CFO transition. Nancy Bush, Fortinet's vice president and worldwide corporate controller, will serve as interim CFO.
Fortinet shares plunged 9.62% to $17.75 before market open.
Apple (AAPL), which is touting gift cards for its annual Black Friday promotion, gained 0.73% to $549.97. The iPad maker was also one of the most active pre-market Nasdaq stocks on share volume of 210,174. Facebook (FB) was another gainer, rising 0.3% to $46.63 on share volume of 159,014.
Sirius XM (SIRI) shares gained 0.14% to $3.69 on share volume of 113,987.
--Written by James Rogers in New York.
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