Security Experts:

Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Management & Strategy

Following Departure of CEO, VeriSign Says its CFO is Leaving Too

Verisign CFO Brian Robins Leaving Company to Pursue New Opportunities

Verisign CFO Brian Robins Leaving Company to Pursue New Opportunities

Following news in early August that VeriSign CEO Mark McLaughlin would be leaving the company to become CEO at Palo Alto Networks, the company today finds itself faced with another key executive walking out the door. VeriSign today said that Executive Vice President and CFO, Brian Robins, will be leaving the company to pursue other opportunities.

Robins’ last day at the company will be Sept. 30, 2011. Mark McLaughlin’s last day at VeriSign was August 25th 2011, resulting in the company losing two key leaders over a period of about a month.

“This decision was a very difficult one for me to make. Verisign has an excellent team, a strong business model and has been executing on all its objectives in the first half of 2011,” said Brian Robins. “I wish the best for my Verisign colleagues.”

Both Bidzos and Robins said the company is reaffirming its guidance for 2011 and that today’s news was not the result of any matters which, to the company’s knowledge, would have an adverse impact on the integrity of the company’s financial statements or the results of its operations.

VeriSign shares fell as low as $29.17 in after market hours after closing at $33.91 before the annoucenment.

Some rumors have been speading that the company may be a takeover target or putting itself up for sale. According to a report from Bloomberg, “The stock jumped 13 percent this week after the company canceled appearances at two investment conferences, one by Robins, fueling speculation that VeriSign was in talks to be acquired.”

Verisign said that it plans to name an interim chief financial officer soon.

Written By

For more than 10 years, Mike Lennon has been closely monitoring the threat landscape and analyzing trends in the National Security and enterprise cybersecurity space. In his role at SecurityWeek, he oversees the editorial direction of the publication and is the Director of several leading security industry conferences around the world.

Click to comment

Expert Insights

Related Content

Application Security

Cycode, a startup that provides solutions for protecting software source code, emerged from stealth mode on Tuesday with $4.6 million in seed funding.

Management & Strategy

Industry professionals comment on the recent disruption of the Hive ransomware operation and its hacking by law enforcement.

Management & Strategy

SecurityWeek examines how a layoff-induced influx of experienced professionals into the job seeker market is affecting or might affect, the skills gap and recruitment...

Management & Strategy

Tens of cybersecurity companies have announced cutting staff over the past year, in some cases significant portions of their global workforce.

Funding/M&A

Twenty-one cybersecurity-related M&A deals were announced in December 2022.

Management & Strategy

Microsoft making a multiyear, multibillion dollar investment in the artificial intelligence startup OpenAI, maker of ChatGPT and other tools.