Wiz Appoints Fazal Merchant as President & Chief Financial Officer
Cloud security leader Wiz announced the appointment of Fazal
Merchant as its President & Chief Financial Officer. Merchant will lead
Wiz's financial strategy and partner to drive operational excellence in support
of the company's unprecedented growth while also ensuring IPO readiness.
Merchant joins Wiz as a highly accomplished executive, advisor and
board member with nearly 30 years of diverse global leadership experience
scaling public and private companies. He most recently served as Co-CEO of Tanium,
an endpoint management company that he helped grow three-fold to almost $10
billion in under four years. Prior to that, he was CFO of DreamWorks Animation
SKG and managed the company's sale to Comcast. Merchant also held leadership
roles at DirecTV, including Head of Corporate Development and CFO of DirecTV
Latin America, guiding the company's sale to AT&T. Earlier in his career,
he spent several years in senior leadership roles domestically and
internationally in Investment Banking and Ford Motor Company. Merchant
currently serves on the boards of Ariel Investments, Ryman Hospitality
Properties, and Warner Bros. Discovery.
This
strategic hire caps off a landmark 12-month period for Wiz. From a $1 billion
mega-round this past May to three acquisitions (Dazz, Gem Security, and Raftt),
breakthroughs in security research, key executive hires, and widespread
industry recognition - with Wiz being named the #1 security product by
independent customer reviews on G2. Additionally, Wiz has continued to focus on
product innovation, releasing new capabilities to empower customers to secure
every stage of the application lifecycle and better protect their cloud and AI
environments.
"I've
spent over a year getting to know Fazal, and hiring someone of his caliber in such
a dynamic industry and at this stage in our evolution is a game-changer,"
said Assaf Rappaport, Co-Founder and CEO of Wiz. "Fazal brings a wealth of
knowledge and hands-on experience building and scaling some of the world's most
iconic companies. He's perfectly equipped to navigate the challenges and
opportunities that come with leading a fast-growing company at our scale. We're
thrilled to welcome him to Wiz as we embark on this exciting journey
together."
"Wiz
represents a generational opportunity. Few companies in recent times have had
such a profound impact on an industry in such a short period of time by
addressing critical needs of so many global enterprises. Wiz's record-breaking
momentum has been nothing short of spectacular, and a testament to a great team
of innovators," said Fazal Merchant, Wiz's President & CFO. "I'm
thrilled to join the team and help align financial strategy and operational
excellence with vision as Wiz continues to pioneer the future of cybersecurity,
achieving new milestones and redefining the industry."
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