Get the scoop on Sophos CEO switch-up in just 5 points

Sophos, the cybersecurity giant, has announced the appointment of Joe Levy as acting CEO, marking the first change in CEOs in over a decade. Levy, previously the president of Sophos, is expected to lead the company at least until 2024. The departure of former CEO Kris Hagerman was not disclosed with a reason, and it is unclear if it was pre-planned. Levy, who has been with Sophos for eight years, is currently also a candidate for the permanent CEO position. The company is currently the leader in the managed detection and response (MDR) market, and this transition comes as Sophos looks to expand its as-a-service offerings in the cybersecurity sector.

Key points:

• Cybersecurity firm Sophos has named Joe Levy as acting CEO, replacing longtime CEO Kris Hagerman
• The company has not disclosed a reason for Hagerman’s departure
• Levy, who has been with Sophos for eight years, is a candidate for the permanent CEO position
• Sophos plans to expand its as-a-service offerings in the cybersecurity sector
• The company is committed to working with channel partners to reach midmarket and small businesses