Zscaler Inc.
Zscaler Announces Retirement of Chief Financial Officer and Updates Severance Policy
Summary
On November 26, 2024, Zscaler, Inc. announced an amendment to its Change of Control and Severance Policy, expanding severance benefits for named executive officers in certain termination scenarios. Additionally, on December 2, 2024, the Company disclosed that Remo Canessa, its Chief Financial Officer, has decided to retire, effective upon the appointment of a successor. The decision is not due to any disagreement with the Company. A search for a new CFO has begun, and Mr. Canessa will assist during the transition period.
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About Zscaler Inc.
Zscaler Inc. is a pioneering entity in the cybersecurity sector, primarily offering cloud-based information security services. The company specializes in providing secure internet access and private application access using its Zero Trust Exchange platform, which essentially replaces traditional network security architectures with a model built for the cloud era. Zscaler caters to businesses aiming to protect their digital assets by enabling secure, fast, and reliable connections for mobile workforce, IoT, and partner ecosystems. Its platform helps organizations reduce complexity, lower costs, and enhance security by inspecting all internet traffic through its distributed worldwide data centers. As the global shift towards remote work and cloud computing accelerates, Zscaler plays a critical role in ensuring organizational agility and safeguarding data against evolving cyber threats, thereby positioning itself as a crucial player in the technology sector and an influential component of the cybersecurity market.
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