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Tenable Holdings (TENB) announced the unexpected passing of Chairman and CEO Amit Yoran, who had been battling cancer. Yoran, who joined as CEO in 2016, led the company through significant growth, including its IPO in 2018. Following his medical leave beginning December 5, 2024, CFO Steve Vintz and COO Mark Thurmond were appointed as Co-CEOs.
The Board, with Art Coviello serving as Chairman, will conduct a CEO search considering both internal and external candidates. The company expects to meet or exceed its Q4 and full-year financial guidance provided on October 30, 2024.
Tenable Holdings (TENB) ha annunciato la scomparsa inaspettata del Presidente e CEO Amit Yoran, che stava combattendo contro il cancro. Yoran, che era entrato in carica come CEO nel 2016, ha guidato l’azienda attraverso una significativa crescita, inclusa la sua IPO nel 2018. A seguito del suo congedo medico, iniziato il 5 dicembre 2024, il CFO Steve Vintz e il COO Mark Thurmond sono stati nominati Co-CEO.
Il Consiglio, con Art Coviello nel ruolo di Presidente, condurrà una ricerca per il CEO considerando sia candidati interni che esterni. L’azienda si aspetta di soddisfare o superare le previsioni finanziarie del Q4 e dell’intero anno fornite il 30 ottobre 2024.
Tenable Holdings (TENB) anunció el fallecimiento inesperado del Presidente y CEO Amit Yoran, quien había estado luchando contra el cáncer. Yoran, quien se unió como CEO en 2016, lideró la compañía a través de un crecimiento significativo, incluida su oferta pública inicial en 2018. Tras su licencia médica comenzada el 5 de diciembre de 2024, el CFO Steve Vintz y el COO Mark Thurmond fueron nombrados Co-CEOs.
La Junta, con Art Coviello sirviendo como Presidente, llevará a cabo una búsqueda del CEO considerando tanto candidatos internos como externos. La compañía espera cumplir o superar su guía financiera del cuarto trimestre y del año completo proporcionada el 30 de octubre de 2024.
테너블 홀딩스 (TENB)는 암 투쟁 중이던 회장兼 CEO 아밋 요란의 예기치 않은 별세 소식을 전했습니다. 2016년 CEO로 취임한 요란은 2018년 IPO를 포함하여 회사의 큰 성장을 이끌었습니다. 2024년 12월 5일부터 시작된 그의 의료 휴가 이후 CFO 스티브 빈츠와 COO 마크 서먼드는 공동 CEO로 임명되었습니다.
의회는 아트 코비엘로가 의장을 맡아 내부 및 외부 후보를 고려하여 CEO 검색을 진행할 것입니다. 회사는 2024년 10월 30일에 제공된 4분기 및 전체 연도의 재무 가이드를 충족하거나 초과할 것으로 기대합니다.
Tenable Holdings (TENB) a annoncé le décès inattendu de son Président et CEO Amit Yoran, qui se battait contre le cancer. Yoran, qui a rejoint l’entreprise en tant que CEO en 2016, a dirigé la société à travers une croissance significative, y compris son introduction en bourse en 2018. Suite à son congé médical débutant le 5 décembre 2024, le CFO Steve Vintz et le COO Mark Thurmond ont été nommés Co-CEOs.
Le Conseil, sous la présidence d’Art Coviello, procédera à une recherche de CEO en tenant compte à la fois de candidats internes et externes. L’entreprise s’attend à respecter ou dépasser les prévisions financières du quatrième trimestre et de l’année entière fournies le 30 octobre 2024.
Tenable Holdings (TENB) gab den unerwarteten Tod von Vorsitzenden und CEO Amit Yoran bekannt, der gegen Krebs kämpfte. Yoran, der 2016 als CEO eintrat, führte das Unternehmen durch erhebliches Wachstum, einschließlich des Börsengangs im Jahr 2018. Nach seinem Krankenstand ab dem 5. Dezember 2024 wurden CFO Steve Vintz und COO Mark Thurmond zu Co-CEOs ernannt.
Der Vorstand, unter dem Vorsitz von Art Coviello, wird eine CEO-Suche durchführen, bei der sowohl interne als auch externe Kandidaten berücksichtigt werden. Das Unternehmen erwartet, die Finanzprognosen für das vierte Quartal und das Gesamtjahr, die am 30. Oktober 2024 veröffentlicht wurden, zu erfüllen oder zu übertreffen.
Positive
- Company expects to meet or exceed Q4 and full-year financial guidance
- Established interim leadership structure ensures business continuity
- Board already initiated CEO search process
Negative
- Unexpected leadership transition may create short-term uncertainty
- Potential strategic direction changes under new permanent leadership
Insights
The unexpected passing of Amit Yoran represents a pivotal moment for Tenable, warranting careful analysis of leadership transition implications. The interim co-CEO structure, combining CFO Steve Vintz and COO Mark Thurmond, suggests operational continuity in the near term. This dual-leadership approach leverages complementary financial and operational expertise, potentially minimizing disruption to core business functions.
The preliminary Q4 results indicating performance at or above guidance is particularly noteworthy, demonstrating operational resilience during Yoran’s medical leave. This validates the effectiveness of the emergency succession planning implemented on December 5th. The board’s decision to conduct both internal and external CEO search signals a balanced approach to succession, though the established co-CEO arrangement may favor internal candidates who understand Tenable’s culture and strategy.
Historical precedent shows that unexpected CEO transitions typically create 3-6 months of stock price volatility. However, Tenable’s proactive leadership transition, strong Q4 performance indicators and the appointment of industry veteran Art Coviello as Chairman provide stabilizing factors that could minimize market uncertainty.
Yoran’s legacy at Tenable extends beyond operational metrics – his tenure transformed the company from a vulnerability management provider into a comprehensive exposure management leader. Under his leadership, Tenable’s strategic pivot anticipated the industry shift toward proactive security postures, positioning the company advantageously in the rapidly evolving cybersecurity landscape.
The timing is particularly sensitive given the current cybersecurity market dynamics, where exposure management platforms are becoming increasingly critical for enterprise security architectures. The established momentum in Tenable’s strategic direction, combined with the strong Q4 preliminary results, suggests the company’s market position remains robust despite this leadership transition.
For context, during Yoran’s tenure since 2016, Tenable’s annual recurring revenue grew substantially, with the successful 2018 IPO marking a key milestone. His industry influence, stemming from leadership roles at RSA and NetWitness, helped establish Tenable’s credibility in enterprise cybersecurity – an intangible asset that should persist through this transition.
COLUMBIA, Md., Jan. 04, 2025 (GLOBE NEWSWIRE) — It is with profound sadness that Tenable Holdings, Inc. announces the passing of our Chairman and Chief Executive Officer, Amit Yoran. Amit passed away unexpectedly yesterday. He had been battling cancer.
A visionary leader and a pioneer in the cybersecurity industry, Amit dedicated his life to making the digital world safer. His unwavering commitment to innovation and relentless pursuit of excellence transformed Tenable into a global leader in exposure management. His contributions to the field have left an indelible mark, not only on the company but on the broader cybersecurity community.
“Amit was an extraordinary leader, colleague, and friend,” said Art Coviello, Tenable’s lead independent director. “His passion for cybersecurity, his strategic vision, and his ability to inspire those around him have shaped Tenable’s culture and mission. His legacy will continue to guide us as we move forward.”
Amit Yoran joined Tenable as CEO in 2016, leading the company through significant growth, including its successful initial public offering in 2018. Prior to Tenable, Amit held several prominent positions, including President of RSA and founding CEO of NetWitness, among many other leadership roles in the technology sector.
Amit took a medical leave of absence starting December 5, 2024 at which time the Board appointed Steve Vintz, CFO, and Mark Thurmond, COO, as Co-CEOs to ensure continued strategic execution and stability. The company will continue to operate under their leadership as the Board conducts a CEO search, including both internal and external candidates. Art Coviello will serve as Chairman of the Board.
Based on our preliminary results for the Q4 and the full year, the company expects to meet or exceed the financial guidance we provided in the press release issued on Oct. 30, 2024.
Our thoughts are with Amit’s family during this difficult time. We extend our deepest condolences to his loved ones and express our gratitude for the remarkable legacy he leaves behind. Funeral arrangements have not been announced at this time.
About Tenable
Tenable® is the exposure management company, exposing and closing the cybersecurity gaps that erode business value, reputation and trust. The company’s AI-powered exposure management platform radically unifies security visibility, insight and action across the attack surface, equipping modern organizations to protect against attacks from IT infrastructure to cloud environments to critical infrastructure and everywhere in between. By protecting enterprises from security exposure, Tenable reduces business risk for approximately 44,000 customers around the globe. Learn more at tenable.com.
Media Contact:
Brian Alberti
Tenable
tenablepr@tenable.com
Forward-Looking Statements
This press release includes forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release other than statements of historical fact, including statements regarding our results of operations for Q4 and full year 2024 are forward-looking statements and represent our views as of the date of this press release. The words “anticipate,” “believe,” “continue,” “estimate,” “expect,” “intend,” “may,” “will” and similar expressions are intended to identify forward-looking statements. We have based these forward-looking statements on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, short-term and long-term business operations and objectives and financial needs. These forward-looking statements are subject to a number of assumptions and risks and uncertainties, many of which involve factors or circumstances that are beyond our control that could affect our financial results. These risks and uncertainties are detailed in the sections titled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report on Form 10-K for the year ended December 31, 2023 as well as other filings that we make from time to time with the SEC, which are available on the SEC’s website at sec.gov. Moreover, we operate in a very competitive and rapidly changing environment. New risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. In light of these risks, uncertainties and assumptions, the future events and trends discussed in this press release may not occur and actual results could differ materially and adversely from those anticipated or implied in any forward-looking statements. Except as required by law, we are under no obligation to update these forward-looking statements subsequent to the date of this press release, or to update the reasons if actual results differ materially from those anticipated in the forward-looking statements.
FAQ
When did Tenable (TENB) CEO Amit Yoran pass away?
Amit Yoran passed away on January 3, 2025, according to the announcement made by Tenable on January 4, 2025.
Who is currently leading Tenable (TENB) after Amit Yoran’s passing?
Steve Vintz (CFO) and Mark Thurmond (COO) are serving as Co-CEOs, appointed when Yoran took medical leave on December 5, 2024.
What is Tenable’s (TENB) leadership transition plan?
The Board will conduct a CEO search considering both internal and external candidates, with Art Coviello serving as Chairman of the Board.
How is Tenable (TENB) performing financially amid the leadership change?
The company expects to meet or exceed its financial guidance provided on October 30, 2024, for both Q4 and the full year.
When was Amit Yoran appointed as Tenable’s (TENB) CEO?
Amit Yoran joined Tenable as CEO in 2016 and led the company through its IPO in 2018.
