Security software vendor Sophos, has named Kris Hagerman as the company’s new chief executive officer effective immediately, and will join the company’s board. Hagerman succeeds Steve Munford, who has assumed the role of non-executive chairman of the board.
Peter Gyenes, the current chairman, will continue as a member of the Sophos board as its lead independent director.
Munford has been CEO of Sophos since 2006 and led the company through a period of dramatic growth. The company posted a record $400 million in annual bookings in its most recent fiscal year ending March 31, 2012, more than tripling bookings since 2006.
“Steve has been an outstanding leader for Sophos,” said Gyenes. “Under Steve’s leadership, the company has delivered strong revenue growth, built a comprehensive product portfolio, and successfully entered a number of high-growth market segments, including the unified threat management (UTM), mobile device management (MDM) and cloud encryption. The board appreciates Steve’s contribution to the success of the company, and we are delighted that Steve will continue his involvement as chairman.”
“I am proud of our team’s accomplishments over the last seven years as we have transformed Sophos from an anti-virus vendor to a strategic provider of complete security,” said Munford. “I am excited to welcome Kris as our new CEO to lead Sophos into the future. I look forward to working closely with Kris and the board as we continue to build on Sophos’ global success.”
Gyenes added that: “Kris brings strong execution and strategy skills, a proven ability to lead top performing teams, and a successful track record of scaling billion-dollar software organisations. “We enthusiastically look forward to working with Kris and to his leadership for the company’s continued growth.”
Hagerman spent seven years in senior management positions at Symantec and Veritas before becoming CEO of Corel Corporation in 2008.
At Symantec, he was group president, data centre management, overseeing a $1.5 billion business with more than 2,000 employees, representing nearly 30% of Symantec’s revenue. Prior to Symantec, Hagerman was executive vice president, storage and server management at Veritas, where he led a $1.0 billion business with more than 1,000 employees.
