Last Thursday, the Cybersecurity giant, McAfee, announced that the current CEO, Chris Young would be leaving the Company. Peter Leav, the ex-Chief executive from the BMC Software, will take over as the new head of the Company starting February 3, 2020.
McAfee Gets New CEO with Peter Leav
Leav has a portfolio of leadership roles at various tech organizations like NCR Corporation, Polycom, and Motorola. He is also part of the board of directors for BOx and Proofpoint.
McAfee separated from Intel
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McAfee separated from the Microchip giant Intel in the year 2017 and has since then worked on building the platforms to create a portfolio of Cloud services and enterprise products.
McAfee is famous for its anti-virus and Spamware offerings for years. However, in 2011 it was taken over by Intel, which started selling it as Intel Security. The McAfee refocused to offer endpoint security.
The TPG Capital welcomed the New CEO and Thanked the Outgoing CEO
The TPG Capital, which had a 51 percent stake in the McAfee, split itself from Intel through a comprehensive deal.
Tim Millikin, a McAfee board member, and TMG Partner said that
“We’re proud of the progress McAfee has made since becoming a standalone company, and we thank Chris for his pivotal role through the first phase of McAfee’s evolution,”
The Co-CEO at the TPG and the chairman at McAfee, Jon WInkeiried also praised Leav and said that his experience would be pivotal for the Company. He said,
“Peter has exactly the right mix of experience and expertise to lead McAfee in its next phase of growth,”
Interesting Turn of Events for McAfee
McAfee has seen major shuffles, and it has been exciting as it was acquired and then spun off from Intel. The Company under the New CEO can expect some positive changes as it plans to extend its market reach and establish itself as the Enterprise product offering company.
There are also news stories doing rounds that McAfee will get back to the public markets soon. The executives had a meeting with the banks and financial institutions recently.