Fortinet Inc.
Fortinet Appoints Janet Napolitano to Board of Directors
Summary
Fortinet, Inc. has appointed Janet Napolitano to its Board of Directors, effective November 7, 2024. Napolitano, a distinguished public sector leader with extensive experience in national security and public policy, will contribute to Fortinet's strategic initiatives and collaborations with government entities. She is expected to receive an annual cash retainer of $55,000 and restricted stock units (RSUs) based on the peer 50th percentile, subject to Board approval. Napolitano will also enter into indemnification and change of control agreements. A press release detailing the appointment is furnished as Exhibit 99.1.
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Exhibits (1)
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About Fortinet Inc.
Fortinet Inc. is a global leader in cybersecurity solutions, primarily focused on developing robust security systems to protect against cyber threats. The company's extensive product line includes firewalls, antivirus, intrusion prevention systems, and endpoint security, designed to provide comprehensive protection for networks, cloud infrastructures, and critical applications. Fortinet serves a vast array of clients across different sectors, including enterprises, service providers, and government organizations, addressing their evolving security needs in an increasingly digitized and interconnected business environment. Founded in 2000 and headquartered in Sunnyvale, California, Fortinet's commitment to innovation is evident through its investment in advanced technologies like artificial intelligence and machine learning, enhancing the efficiency and responsiveness of its security solutions. The company’s significant role in the market is underscored by its FortiGuard Labs, delivering real-time intelligence and proactive threat detection to a global clientele. As a pivotal player in the cybersecurity industry, Fortinet helps drive digital transformation while ensuring digital integrity, maintaining a critical stance in safeguarding sensitive data and maintaining secure digital operations across the world.
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