Rapid7 Welcomes New Board Members to Drive Strategic Growth
Introducing New Board Members at Rapid7
Rapid7, Inc. (NASDAQ: RPD), a leader in extended risk and threat detection, recently announced the appointment of three new members to its Board of Directors: Wael Mohamed, Mike Burns, and Kevin Galligan. This expansion brings the total number of directors on Rapid7’s Board to eleven. These new appointments come in conjunction with a cooperation agreement with JANA Partners Management, LP, which supports Rapid7’s nominees at the upcoming annual shareholder meeting.
Perspectives from Leadership
Corey Thomas, Chairman and CEO of Rapid7, expressed excitement about this new chapter for the company, noting that the addition of Wael, Mike, and Kevin will bolster their capacity to execute their plans effectively. Each of these new board members brings extensive experience and expertise that can refine Rapid7's strategies and enhance the value created for shareholders.
Thomas emphasized the importance of Rapid7’s differentiated security data platform and expanding operations in the cybersecurity field. With a focus on AI-driven threat detection, cloud security, and effective exposure management, the company is committed to helping organizations protect their digital environments efficiently. These strategic board appointments reflect Rapid7's dedication to scaling its operations and improving performance metrics.
The Value of Enhanced Leadership
Scott Ostfeld, Managing Partner of JANA Partners, remarked on the positive progress Rapid7 is making in elevating its leadership team. JANA has been in constructive discussions with Rapid7, ready to collaborate with management and the board to optimize opportunities and create long-term shareholder value. This partnership aims to facilitate an environment conducive to growth and innovation.
Background of New Board Members
Wael Mohamed
With over 30 years of experience in cybersecurity and digital transformation, Wael Mohamed holds a remarkable background that includes executive leadership roles. As the co-founder and Managing General Partner of Global Forward Capital, his vision has facilitated significant advancements in numerous organizations. He previously led Forescout as CEO and served as President and COO at Trend Micro Group, making him an invaluable asset to Rapid7.
Mike Burns
Mike Burns brings 25 years of financial and operational expertise from high-growth public technology sectors. His recent role as CFO of Imperva, Inc., paired with previous tenures at Gigamon and Volterra Semiconductor, underlines his strong financial acumen. Mike’s educational background includes an A.B. in Economics and an M.S. in Industrial Engineering from Stanford University.
Kevin Galligan
Kevin Galligan contributes 18 years of investment experience and shareholder value enhancement at JANA Partners, where he holds the title of Partner and Director of Research. Galligan's extensive career includes key roles at Kohlberg Kravis Roberts & Company and The Blackstone Group. His educational journey culminated in a B.A. in Economics from Columbia University, shaping his expertise in strategic investments.
About Rapid7
Rapid7 is on a mission to create a safer digital landscape through simpler, accessible cybersecurity solutions. Empowering more than 11,000 global clients, the company integrates cloud risk management and threat detection to minimize attack surfaces and swiftly eliminate threats. Rapid7’s commitment to innovative solutions manifests in its strong market positioning and ongoing pursuit of sustainable, profitable growth.
Frequently Asked Questions
What are the new appointments announced by Rapid7?
Rapid7 has appointed Wael Mohamed, Mike Burns, and Kevin Galligan to its Board of Directors, expanding the board to eleven members.
What is the goal of the cooperation agreement with JANA Partners?
The cooperation agreement aims to ensure that JANA Partners supports Rapid7’s board nominees at the upcoming annual shareholder meeting, enhancing strategic alignment.
How does Rapid7 plan to enhance its strategic growth?
With the new board members' extensive expertise, Rapid7 aims to sharpen its strategy, strengthen execution, and drive greater shareholder value.
What areas does Rapid7 focus on in cybersecurity?
Rapid7 focuses on AI-driven threat detection, cloud security, and exposure management, helping organizations secure their digital environments efficiently.
How can investors access more information about Rapid7?
Investors can find important information and updates by visiting Rapid7’s official website and checking the 'Investors' section for financial documents.
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