Udi Mokady Elected Chairman; Gadi Tirosh Named Lead Independent
Director
NEWTON, Mass. & PETACH TIKVA, Israel--(BUSINESS WIRE)--Jul. 5, 2016--
CyberArk
(NASDAQ: CYBR),
the company that protects organizations from cyber
attacks that have made their way inside the network perimeter, today
announced that its Board of Directors and shareholders elected Udi
Mokady, CyberArk’s founder and CEO, as Chairman of the Board, effective
June 30, 2016.
Mokady will succeed Gadi Tirosh, Managing Partner of Jerusalem Venture
Partners (JVP), who will continue to serve on the Board of Directors as
Lead Independent Director. David Campbell, Managing Director of Goldman
Sachs’ Merchant Banking Division, is stepping down from the Board of
Directors for personal reasons.
“Gadi has provided invaluable leadership and guidance since joining the
Board in 2011,” stated Mokady. “I look forward to working with him in
his new role as we continue to execute our global growth strategy,
including capturing greenfield privileged account security market
opportunities, and empowering our customers and partners with proactive
cyber security solutions.”
As Lead Independent Director, Tirosh will play a key role on the Board
by promoting strong independent leadership and maintaining high
standards of corporate governance. Tirosh commented, “It was an honor
and pleasure to serve as Chairman of CyberArk through its rapid growth
and successful Initial Public Offering on NASDAQ. As founder, CEO and a
long-standing Board member, Udi brings tremendous experience, strong
execution and industry perspective to the role of Chairman. The Board
and I are confident that this new structure will continue to provide
strong alignment of vision and strategic execution at the Board and
Chairman level.”
Mokady continued, “David’s extensive experience and counsel
significantly contributed to our success by helping shape the company’s
growth strategy while also focusing on profitability. On behalf of the
Board and the company, we wish David success in his future endeavors.”
Mokady has served as President and Chief Executive Officer since 2005;
prior to that he held the position of Chief Operating Officer. As the
company’s co-founder, Mokady helped establish and grow the global privileged
account security market. Mokady was previously general counsel at
Tadiran Spectralink Ltd., a producer of secure wireless communication
systems. Mokady also served in a military intelligence unit in the
Israel Defense Forces. Mokady received the New England EY Entrepreneur
Of The Year™ 2014 Award in the Technology Security category.
Tirosh has served as a member of the CyberArk Board since June 2011 and
as Chairman since July 2013. Tirosh is Managing Partner at JVP, one of
the leading international Venture Capital Funds with a strong focus on
cyber security investments, as well as an early investor in CyberArk.
Previously, Tirosh served as Corporate Vice President of Product
Marketing and as a member of the executive committee for NDS Group Ltd.
About CyberArk
CyberArk is
the only security company focused on eliminating the most advanced cyber
threats; those that use insider privileges to attack the heart of the
enterprise. Dedicated to stopping attacks before they stop business,
CyberArk proactively secures against cyber threats before attacks can
escalate and do irreparable damage. The company is trusted by the
world’s leading companies – including more than 40 percent of the
Fortune 100 – to protect their highest value information assets,
infrastructure and applications. A global company, CyberArk is
headquartered in Petach Tikvah, Israel, with U.S. headquarters located
in Newton, Mass. The company also has offices throughout EMEA and Asia
Pacific and Japan. To learn more about CyberArk, visit www.cyberark.com,
read the company blog, http://www.cyberark.com/blog/,
follow on Twitter @CyberArk or
Facebook at https://www.facebook.com/CyberArk.
Copyright © 2016 CyberArk Software. All Rights Reserved. All
other brand names, product names, or trademarks belong to their
respective holders.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160705005340/en/
Source: CyberArk
Investor Relations Contact:
CyberArk
Erica Smith,
617-558-2132
ir@cyberark.com
or
Media
Contact:
CyberArk
Christy Lynch, 617-796-3210
press@cyberark.com