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Subject:  Ex-CEO's next job Date:  8/3/2011  2:16 AM
Author:  newsreporter Number:  2273 of 2276

Palo Alto Networks Names New CEO

Palo Alto Networks has confirmed Mark McLaughlin as its new president and CEO.

McLaughlin, most recently president and CEO of VeriSign (NSDQ:VRSN), will join the Santa Clara, Calif.-based network security upstart at a time of impressive growth and increasing popularity in the channel.

The move, which was confirmed to CRN by Palo Alto Networks on Sunday, follows McLaughlin's resignation from VeriSign last week. He will take over at Palo Alto later in August.

"I'm very excited to join Palo Alto Networks," said McLaughlin, who will also join Palo Alto's Board of Directors, in a statement. "The company's disruptive technology, proven market success and strong momentum make this a unique opportunity to lead the company with its continued, explosive growth in a multi-billion dollar market."

A veteran IT security executive, McLaughlin spent 12 years at VeriSign, which acquired his previous employer, Signio, in 1999. He became VeriSign's president and CEO in August 2009, and earlier this year, McLaughlin was also named to President Obama's National Security Telecommunications Advisory Committee (NSTAC).

"We are thrilled that Mark is joining Palo Alto Networks," said Nir Zuk, Palo Alto's founder and CTO, in a statement. "His proven executive leadership experience, customer focus, and passion for innovation will help us take the company to the next level."

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