Sumit Dhawan appointed CEO of cybersecurity firm Proofpoint

  • Investing.com
  • Stock Market News
Sumit Dhawan appointed CEO of cybersecurity firm Proofpoint
Credit: © Reuters.

Sumit Dhawan has stepped into the role of CEO at Proofpoint (NASDAQ: PFPT ), a cybersecurity company, immediately after his departure from VMware (NYSE: US90275F1966=UBSS ), where he served as president. Dhawan's transition to Proofpoint comes at a time when VMware is undergoing significant changes, including layoffs, following its acquisition by Broadcom (NASDAQ: AVGO ) for $61 billion on November 22.

During his tenure at VMware, Dhawan played a crucial role in the development of Secure Access Service Edge (SASE) products, contributing to the company's revenue growth, which exceeded $13 billion. He had previously assured that Broadcom's strategy in acquiring VMware would be distinct from its past acquisitions of Symantec (NASDAQ: GEN ) and CA Technologies.

Proofpoint, known for its email security solutions, has been expanding its focus to include comprehensive data protection. This strategic shift began under the interim leadership of Rémi Thomas, who filled the CEO position since the company's leadership transition in October. Under Dhawan's forthcoming leadership, Proofpoint is expected to continue broadening its market reach as part of its revamped channel program.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100