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Symantec has terminated CEO Steve Bennett and named Michael Brown, a board member, as interim president and CEO, the company said Thursday afternoon. A special committee will start a search for a permanent replacement now. Chairman Dan Schulman said “this considered decision was the result of an ongoing deliberative process, and not precipitated by any event or impropriety.” Bennett’s immediate predecessor at the security vendor, Enrique Salem was dismissed in 2012 after poor earnings results.

On The Web

Twitter CEO Dick Costolo is taking his first-ever trip to China, where he will meet with Shanghai officials including members of  the Shanghai Pilot Free Trade Zone. That group was set up last year to trial more liberal market measures. Twitter has been banned in China since 2009, but Reuters said officials denied reports that internet restrictions (including blocking Twitter) will be loosened. Costolo has no plans to visit Beijing.

In Brief

Former U.S. Secretary of State and retired four-star general Colin Powell is now’s 11th board member. Neither board membership nor technology is new to Powell who is a director at Bloom Energy and a strategic limited partner at VC firm Kleiner Perkins Caufield & Byers. Powell served as Secretary of State under President George W. Bush from 2001 to 2005 and served in the U.S. Army for 35 years.

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