(Bloomberg) -- Symantec Corp., the world’s biggest maker of cyber-security software, cut its earnings and sales forecasts for the fiscal fourth quarter and said Chief Executive Officer Michael Brown will step down. The shares tumbled.

Symantec will create a new Office of the President, and named Ajei Gopal to interim president during a search for a permanent CEO, it said in a statement Thursday. Brown, who was CEO for the past year and a half, had also been Symantec’s president. He will continue in the role until a successor is found.

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