IronNet Hires New CEO as Founder Transitions to Non-Executive Role

Dow Jones2023-07-12

By Dean Seal

IronNet has hired a new chief executive to step in as founder Keith Alexander, who has been serving as chairman and CEO, transitions to a non-executive role.

The cybersecurity services provider said Wednesday that Linda Zecher has been appointed CEO. She currently serves as the chairman of investment firm C5 Capital and board member for Hasbro and cloud-based cybersecurity firm Tenable.

Alexander will continue to serve as company chairman. He had been leading the company as co-CEO until his counterpart William Welch said in September that he would resign amid a restructuring. Welch's resignation was disclosed in tandem with the exit of the company's chief financial officer at the time, James Gerber, who left for another job and was replaced by Cameron Pforr.

The departures were also disclosed as the company withdrew guidance for fiscal 2023 amid unexpected headwinds that necessitated a restructuring to contain costs, Alexander said at the time.

Alexander is now moving into a non-executive role as Zecher steps in and Pforr takes on the role of president.

The moves are in line with an agreement signed last month between IronNet and a joint venture formed by C5 Capital and Cohen Circle.

Shares jumped 4.5% to 23 cents in premarket trading.

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

July 12, 2023 08:33 ET (12:33 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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