Menu
Palo Alto names new CEO in pursuit of future growth

Palo Alto names new CEO in pursuit of future growth

Former Google executive succeeds Mark McLaughlin after seven years in the role

Palo Alto Networks has named former SoftBank Group president Nikesh Arora as chief executive officer and chairman.

Arora succeeds Mark McLaughlin, who has led the cyber security vendor for nearly seven years and has played a major role in its torrid pace of growth.

Under McLaughlin, the company's shares have jumped five-fold since its initial public offering in 2012.

“Over the course of several quarters, I have been discussing succession planning with the board and I couldn't be more pleased that we have found a leader in Nikesh," said McLaughlin, who will become the vice chairman of Palo Alto board.

“The company is executing extremely well and is the clear leader in next-generation security. I look forward to working with Nikesh as we transition and serving as vice chairman of the board.”

Arora, who was Google's highest paid executive in 2012, joined SoftBank in September 2014 to take charge of its overseas operations.

Arora stepped down from SoftBank in 2016 following differences between him and SoftBank CEO Masayoshi Son over when he would replace Son as head of the group.

During his two years at the group, Arora had used an extensive contact book to make new investments, including in Indian online marketplace Snapdeal and ride-hailing service Ola.

Arora has also been credited with making SoftBank more disciplined about investment exits.

Meanwhile, at Google, Arora helped grow the tech giant’s search business from US$2 billion in revenues to over US$60 billion in revenues, leading more than 20,000 employees in the process.

“I have developed a deep appreciation for the company's culture, values and pioneering spirit as innovators and disruptors and I look forward to working with the entire Palo Alto Networks team on our mission of protecting our customers in the digital age,” Arora added.

Palo Alto also reported third-quarter revenue of US$567.1 million, beating analysts' average estimate of US$546.1 million, according to Thomson Reuters.

Shares of the company were up 2.6 per cent at US$214.69 in extended trading - they have risen about 44 per cent this year.

(Reporting by Munsif Vengattil in Bengaluru; Editing by Anil D'Silva)


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags Googlepalo alto networksSoftbank

Featured

Slideshows

The making of an MSSP: a blueprint for growth in NZ

The making of an MSSP: a blueprint for growth in NZ

Partners are actively building out security practices and services to match, yet remain challenged by a lack of guidance in the market. This exclusive Reseller News Roundtable - in association with Sophos - assessed the making of an MSSP, outlining the blueprint for growth and how partners can differentiate in New Zealand.

The making of an MSSP: a blueprint for growth in NZ
Reseller News Platinum Club celebrates leading partners in 2018

Reseller News Platinum Club celebrates leading partners in 2018

The leading players of the New Zealand channel came together to celebrate a year of achievement at the inaugural Reseller News Platinum Club lunch in Auckland. Following the Reseller News Innovation Awards, Platinum Club provides a platform to showcase the top performing partners and start-ups of the past 12 months, with more than ​​50 organisations in the spotlight.​​​

Reseller News Platinum Club celebrates leading partners in 2018
Meet the top performing HP partners in NZ

Meet the top performing HP partners in NZ

HP has honoured its leading partners in New Zealand during 2018, following 12 months of growth through the local channel. Unveiled during the fourth running of the ceremony in Auckland, the awards recognise and celebrate excellence, growth, consistency and engagement of standout Kiwi partners.

Meet the top performing HP partners in NZ
Show Comments