Broadcom’s Software President Departs, Duties Shift to CEO

The president of Broadcom software program enterprise is leaving the corporate for an additional job, along with his obligations shifting to Chief Executive Hock Tan, in accordance to a regulatory submitting.

Thomas Krause is leaving to turn into CEO of the mixed firm of Citrix Systems and Tibco Software. Vista Equity Partners and Evergreen Coast Capital Corp., the private-equity arm of Elliott Management Corp., in January agreed to buy Citrix for $16.5 billion, together with debt, to mix the cloud-computing firm with Tibco.