A major, executive shake-up is under way at security software vendor McAfee, including the firing of the company’s president in the wake of a stock-options investigation.McAfee announced Wednesday that it has terminated the employment of its president, Kevin Weiss. The company’s chief executive officer and chairman, George Samenuk, is retiring from those roles, and the board of directors has appointed Dale Fuller as interim CEO.Fuller joined McAfee’s board in January and was previously CEO and president of development tools vendor Borland Software. Charles Robel becomes executive chairman. He joined McAfee’s board in June and was formerly chief operating officer at venture capital company Hummer Winblad Venture Partners. Samenuk leaves McAfee after almost six years. In a statement, he said that he’s retiring because it’s “in the best interests” of the company, its shareholders and its staff. “I regret that some of the stock option problems identified by the Special Committee occurred on my watch,” he added in the statement. McAfee set up a special committee of independent directors to look into the company’s practices of stock-option granting. The committee was assisted by independent counsel and forensic accountants. Based on the committee’s findings, McAfee now expects to have to restate financial results over a 10-year period to record pretax non-cash charges of between US$100 million and $150 million for stock-based compensation.The software vendor is one of many high-tech companies having to grapple with the stock-options issue. Others include Apple Computer, Broadcom, Sycamore Networks and Rambus. McAfee is actively engaged in looking for a permanent CEO and will consider both internal and external candidates.-China Martens, IDG News Service (Boston Bureau)Related Links: Novell Launches Internal Stock Options Probe Apple: CEO Steve Jobs Knew of BackdatingCheck out our CIO News Alerts and Tech Informer pages for more updated news coverage. Related content feature 8 change management questions every IT leader must answer Designed to speed adoption and achieve business outcomes, change management hasn’t historically been a strength of IT orgs. It’s time to flip that script by asking hard questions to hone change strategies. By Stephanie Overby Nov 30, 2023 10 mins Change Management Change Management IT Operations feature CIO Darlene Taylor’s formula for success: Listen, drive, care This Motor City CIO says building and maintaining credibility starts with an empathy-driven approach, which has the potential to render you highly appealing to top talent. By Michael Bertha Nov 30, 2023 6 mins Automotive Industry IT Leadership brandpost Sponsored by Huawei 400G: Building bandwidth for the next lap By Jane Chan Nov 30, 2023 5 mins Networking feature 4 remedies to avoid cloud app migration headaches The compelling benefits of using proprietary cloud-native services come at a price: vendor lock-in. Here are ways CIOs can effectively plan without getting stuck. By Robert Mitchell Nov 29, 2023 9 mins CIO Managed Service Providers Managed IT Services Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe