Source: www.govinfosecurity.com – Author:
Cloud Security , Governance & Risk Management , Security Operations
CFO Stephen Vintz, COO Mark Thurmond to Run Tenable as CEO Yoran Receives Treatment Michael Novinson (MichaelNovinson) • December 5, 2024
Longtime Tenable CEO Amit Yoran is temporarily stepping aside for cancer treatment and recovery, with top deputies Stephen Vintz and Mark Thurmond stepping up to lead the organization.
See Also: Real-World Strategies for Securing Remote Workforces and Data
The Baltimore-area exposure management vendor on Thursday appointed Chief Financial Officer Vintz and Chief Operating Officer Thurmond to serve as interim co-CEOs, with Yoran continuing to serve as Tenable’s chairman and a member of the board of directors. Yoran, 54, was diagnosed in March with a treatable form of cancer, but recently learned his cancer requires additional treatment.
“While this is disappointing, it is still a very treatable situation,” Yoran wrote in a note to Tenable staff Thursday that he subsequently shared on LinkedIn. “After much consideration with my doctors, family and colleagues, I have decided to take a temporary leave of absence to focus on my health and recovery.”
Who Will Serve as Tenable’s Interim Leaders
Yoran told Tenable employees he’ll be away for “the next couple of months” and will “stay as connected as I can while giving myself the space to heal fully.” Tenable’s stock is down $0.17 – or 0.39% – to $42.56 per share in trading Thursday morning. Vintz and Thurmond will wear two hats, serving as both interim co-CEOs as well as in their permanent roles as CFO and COO, respectively.
“I have complete trust in their [Vintz and Thurmond’s] ability – and yours – to keep our mission and transformation moving forward with the same passion and commitment to our customers,” Yoran wrote in the note. “We have much to do and there is no time to waste.”
Yoran became Tenable’s chairman and CEO in December 2016 following the retirement of co-founder and longtime leader Ron Gula, and has also served as the company’s president since May 2018. Prior to joining Tenable, Yoran co-founded and led NetWitness before selling the company to RSA, where he was president for two years. Yoran was also founding director of Homeland Security’s US-CERT program (see: Tenable CEO on Using AI to Spot Exploitable Vulnerabilities).
Vintz, 56, has served as Tenable’s CFO since October 2014 and led the company through its $250 million Nasdaq initial public offering in July 2018, where Tenable received a $2.1 billion valuation. Today, the company is worth $5.15 billion. Prior to that, Vintz spent 14 years as executive vice president and CFO of public relations software company Vocus before the company was sold to Cision.
Thurmond, 55, has served as Tenable’s COO since February 2020, where he is responsible for sales, professional services, technical support and demand generation. Prior to that, Thurmond spent two-and-a-half years as COO of Turbonomic, where he helped customers adopt hybrid cloud. Before that, Thurmond spent two years leading worldwide sales and services at Qlik Technologies.
“I am deeply grateful for each of you, not only for the dedication you bring to your work but for the sense of community we’ve built together,” Yoran wrote in his note to Tenable employees.
How Tenable Has Grown Under Yoran
During Yoran’s eight years leading Tenable, he has grown the company’s annual sales to $798.7 million – up 17% from the year prior – and its headcount to nearly 2,000 employees, 45% of whom are located outside the United States. Tenable leads the $2.3 billion vulnerability management market with 29% share, according to IDC, 50% higher than Qualys’ market share and more than double Rapid7’s share.
Tenable has made seven acquisitions since Yoran became CEO and took the company public, including data security posture management firm Eureka for $29.2 million, cloud security startup Ermetic for $265 million and external attack surface management firm Bit Discovery for $43.8 million. Calcalist said Wednesday Tenable is eyeing risk management firm Vulcan Cyber for “hundreds of millions of dollars” (see: Tenable Boosts Data, Cloud Security With Eureka Acquisition).
Yoran graduated from the United States Military Academy at West Point in 1993 with a bachelors in computer science, and subsequently got a masters in computer science from George Washington University. He was also founder and CEO of Riptech, a managed security service provider acquired by Symantec in 2002, and was the Homeland Security Department’s national cybersecurity director.
Original Post URL: https://www.govinfosecurity.com/tenables-amit-yoran-takes-medical-leave-interim-ceos-named-a-26980
Category & Tags: –
Views: 0
