FireEye Strengthens Leadership Team, Positioning Company for Future Growth

MILPITAS, CA--(Marketwired - May 5, 2016) - FireEye, Inc. (NASDAQ: FEYE), the leader in stopping today's advanced cyber attacks, today announced that Chairman of the Board and Chief Executive Officer David DeWalt will assume the role of executive chairman of the board, and Kevin Mandia, currently FireEye president, will succeed DeWalt as CEO. These leadership changes are among a number of management moves made by FireEye to position the company for future growth.

FireEye also announced that Mandiant President Travis Reese will become president of FireEye and that Chief Financial Officer Mike Berry has been named chief operating officer in addition to his role as chief financial officer.

All of these leadership changes will be effective on June 15, 2016, the day following the FireEye annual shareholder meeting.

The company announced that the FireEye Board of Directors has appointed board member and former Symantec CEO Enrique Salem as lead independent director.

"With these leadership announcements, FireEye has moved to solidify our position in the market today and more importantly, prepare us for growth opportunities going forward," said DeWalt. "FireEye has succeeded in creating a security company with the innovative solutions and business model necessary to confront advanced cyber risks today and into the future. FireEye stands apart in the security industry with a powerful platform, a differentiated approach to cyber defense and now, an even stronger senior leadership team."

"FireEye moves forward in 2016 with an exceptionally strong and experienced senior management team and outstanding leaders across all of our functional areas," said Mandia. "With the combination of FireEye services, intelligence, and products, I believe that our global threat management platform is poised to dominate the future of cybersecurity, and we've taken steps to create a senior leadership team that can build on this opportunity."

In this role as executive chairman, DeWalt will remain active in the company's operations, working with the management team to increase adoption of the FireEye Threat Management Platform, with a focus on the company's multi-channel go-to-market strategies. FireEye CEO since November of 2012 and chairman since May of that year, DeWalt grew the business nearly 100 percent every year during his tenure. Under his leadership FireEye expanded its global presence, created a comprehensive suite of security products and services, and launched its innovative security as a service business model. The company also extended its capabilities with the acquisition of a number of companies, including Mandiant, nPulse, iSIGHT and Invotas.