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Philippe Courtot Resigns As Qualys Executive Chief For Health Reasons, Sumedh Thakar Continues As Interim CEO

·1 min read
  • Cloud-based IT, security, and compliance solution provider Qualys Inc (NASDAQ: QLYSannounced 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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