Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On November 7, 2019, the Company announced that Richard S. “Rick” Hill, the Company’s interim President and Chief Executive Officer is stepping down, effective November 8, 2019,
and will be concurrently succeeded by the Company’s current Chief Financial Officer, Vincent Pilette, who will become the Company’s Chief Executive Officer, and that at the same time, the Company’s current Executive Vice President, Cyber Security
Services, Samir Kapuria, will become the Company’s President and the Company’s current Chief Accounting Officer, Matt Brown, will become the Company’s interim Chief Financial Officer.
Mr. Pilette, age 47, has been appointed to serve as the Company’s Chief Executive Officer, effective November 8, 2019. From May 2019 to November 2019, he served as the Company’s
Chief Financial Officer. Prior to joining the Company, he served as Chief Financial Officer of Logitech International S.A. from September 2013 to May 2019 and from January 2011 through August 2013, he was Chief Financial Officer of Electronics
for Imaging, Inc. Prior to that, he served in a variety of capacities at Hewlett-Packard Company from 1997 to December 2010, including Vice President of Finance for the Enterprise Server, Storage and Networking and vice president of finance for
the HP Software Group. Mr. Pilette received a Master of Business Administration degree from Kellogg School of Management at Northwestern University and Master's degree in engineering and business from Université Catholique de Louvain.
Mr. Kapuria, age 46, has been appointed to serve as the Company’s President, effective November 8, 2019. From May 2018 to November 2019, he served as the Company’s Executive Vice
President, Consumer Business Unit and Cyber Security Services. Prior to that, he served as the Company’s Senior Vice President and General Manager, Cyber Security Services from November 2014 to May 2018, as the Company’s Vice President, Products
and Services from July 2012 to November 2014, and as the Company’s Vice President, Business Strategy and Security Intelligence from April 2011 to July 2012. From October 2004 to April 2011, Mr. Kapuria held numerous other director-level
management positions with the Company. Mr. Kapuria holds a Bachelor's degree in finance from the University of Massachusetts.
Mr. Brown, age 39, has been appointed to serve as the Company’s Interim Chief Financial Officer, effective November 8, 2019. From January 2019 to November 2019, he served as the
Company’s Vice President of Finance and Chief Accounting Officer. Prior to that, he served as the Company’s Vice President, Finance from August 2016 to January 2019 and as Vice President, Corporate Controller of Blue Coat, Inc. from October 2015
until the Company acquired that company in August 2016. Previously, he served in various positions at NETGEAR, Inc., a computer networking hardware company, from 2010 to October 2015, most recently as Senior Director, Assistant Controller. Mr.
Brown holds a Bachelor of Science degree in business administration from the Walter A. Haas School of Business at U.C. Berkeley.
There are no family relationships between each executive officer named above and any director or executive officer of the Company, and none of the executive officers named above
has a direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
The press release announcing the foregoing leadership changes is filed as Exhibit 99.02 to this report.