Cloud-based IT, security, and compliance solution provider Qualys Inc (NASDAQ: QLYS) announced the resignation of Chairman and CEO Philippe Courtot for health reasons after serving in the position for two decades.
Courtot took a leave of absence due to health issues unrelated to COVID-19 on February 7. Qualys' President and Chief Product Officer, Sumedh Thakar, was named interim CEO and principal executive officer and appointed to the Board.
Thakar would continue in the above positions.
Courtot would remain a director until his current term expiry at the Qualys' 2021 annual meeting and would not seek re-election. Thakar would continue as a Class III director until Qualys' 2021 annual meeting.
Price action: QLYS shares traded higher by 3.96% at $104.76 on the last check Monday.
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