30 Notable IT Executive Moves: June 2021
Wade Tyler Millward
June’s big CEO shakeups include new CEOs at Toshiba America Business Solutions, Cybrary and Exabeam, plus executive changes at Google, Intel and Microsoft.
Exabeam brought in former Forescout CEO Michael DeCesare in June to lead the company as the security analytics and automation vendor notched a $2.4 billion valuation.
The Foster City, Calif.-based security information and event management (SIEM) provider tapped DeCesare to replace co-founder and first CEO Nir Polak, who will remain with Exabeam as chairman of the board. Exabeam also announced a $200 million Series F funding round led by the Owl Rock division of Blue Own Capital, and promoted Chief Product Officer Adam Geller to also lead the engineering team.
DeCesare joined internet of things security vendor Forescout as CEO in February 2015 after four years as president of platform security vendor McAfee, which was owned by Intel at the time. He raised $80 million in a January 2016 Series G funding round, and brought in an additional $116 million through an October 2017 Nasdaq initial public offering that valued Forescout at $800 million.
But DeCesare’s final year with Forescout proved to be more challenging. He agreed in February 2020 to sell Forescout to private equity firm Advent International for $1.9 billion in February 2020, but the two sides ended up in court after Advent attempted to walk away from the acquisition in May.