Symantec Corp. (NASDAQ:SYMC) today announced that Thomas Seifert, Executive Vice President and Chief Financial Officer, has informed the Board of Directors of his plans to step down as CFO at the end of the month. Mr. Seifert, who has led Symantec's finance organization since March 2014, will continue to serve in an advisory capacity until March 2017 to facilitate a smooth transition of responsibilities. Symantec's Board of Directors has appointed Nick Noviello, formerly CFO of Blue Coat, as Executive Vice President and CFO effective December 1, 2016. Mr. Noviello has overseen company-wide integration following the completion of Symantec's acquisition of Blue Coat. As CFO, he will continue to report to Greg Clark, Symantec CEO. On behalf of Symantec's Board of Directors, Chairman Daniel H. Schulman said, "Thomas has been a valued partner to the entire Board and management team. He has led many of our key initiatives, including the acquisition of Blue Coat, the $7 billion divestiture of Veritas, the implementation of Symantec's $5.5 billion capital return program and the execution of our $400 million cost-efficiency initiative. We thank him for his significant contributions toward transforming Symantec into a strong company well-positioned to accelerate our strategy and achieve our financial targets." "Thomas has been a tremendous asset to Symantec," said Greg Clark, Symantec CEO. "His financial and operational experience has been instrumental in successfully executing the Blue Coat acquisition, including the integration efforts, and in establishing Symantec's solid financial foundation, as demonstrated by our second quarter results reported today. It has been an honor to work alongside Thomas, and all of us at Symantec wish him the very best." "I joined Symantec as CFO in order to lay the groundwork for Symantec's strategic and financial transformation, and I'm proud of the incredible progress we have made," said Mr. Seifert. "Symantec is now the leading pure play cyber security company and in a strong financial position, and this is the right time for me to tackle a new challenge. I'm grateful for the support of my colleagues and the talented team at Symantec and am fully committed to ensuring a smooth transition."