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CyberArk Appoints Avril England to Board of Directors

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CyberArk (NASDAQ: CYBR) has appointed Avril England to its board of directors, enhancing its leadership in the Identity Security sector. England brings extensive experience in product management and marketing, having previously worked at Veeva Systems, where she led the Veeva Vault platform’s growth to over 50% of the company’s revenues. Her expertise in high-growth SaaS businesses aligns with CyberArk's strategic shift towards a subscription model. CEO Udi Mokady expressed confidence in England's operational insight as pivotal for CyberArk's future developments.

Positive
  • Avril England's appointment expected to strengthen CyberArk's leadership.
  • Her experience in SaaS aligns with CyberArk's shift to a subscription model.
  • Proven track record at Veeva Systems with notable revenue contributions.
Negative
  • Potential concerns regarding continuity in CyberArk's existing leadership dynamics.

CyberArk (NASDAQ: CYBR), the global leader in Identity Security, today announced the appointment of Avril England to its board of directors.

England has deep product management, marketing and operational experience, particularly with cloud-based, SaaS-driven businesses. At Veeva Systems Inc., she is the general manager for Veeva Vault, a cloud enterprise content and data management platform and suite of applications specifically built for life sciences.

“I am excited to welcome Avril to the CyberArk board, especially as Identity Security becomes foundational to organizations’ evolving cybersecurity strategies,” said Udi Mokady, chairman and CEO, CyberArk. “Her operational expertise and experience with high-growth SaaS-based businesses will be invaluable as we continue to invest in our broad SaaS portfolio and transition to a subscription model.”

During England’s tenure, Veeva Vault has grown to more than 50 percent of Veeva Systems’ revenues. Previously, she was a key contributor in two successful IPOs and held leadership roles at world-class organizations including Oracle PeopleSoft, Cisco WebEx and IBM DemandTec.

“Through innovation and a deep commitment to the customer, CyberArk has become the trusted leader in Identity Security, bringing critical insight and a strong vision to cybersecurity,” said England. “I have profound respect for this leadership team and am enthusiastic about CyberArk’s transition to a subscription business model and the company’s ability to execute on its Identity Security vision.”

About CyberArk

CyberArk (NASDAQ: CYBR) is the global leader in Identity Security. Centered on privileged access management, CyberArk provides the most comprehensive security offering for any identity – human or machine – across business applications, distributed workforces, hybrid cloud workloads and throughout the DevOps lifecycle. The world’s leading organizations trust CyberArk to help secure their most critical assets. To learn more about CyberArk, visit https://www.cyberark.com, read the CyberArk blogs or follow on Twitter via @CyberArk, LinkedIn or Facebook.

Copyright © 2021 CyberArk Software. All Rights Reserved. All other brand names, product names, or trademarks belong to their respective holders.

FAQ

Who is Avril England and what is her role at CyberArk?

Avril England is a newly appointed board member at CyberArk, bringing extensive SaaS and operational expertise.

What experience does Avril England have that benefits CyberArk?

England has significant experience in product management and marketing, particularly in high-growth SaaS businesses like Veeva Systems.

How is CyberArk transitioning its business model?

CyberArk is shifting towards a subscription model to enhance its Identity Security offerings.

What is the significance of Avril England’s appointment for CyberArk shareholders?

Her proven track record in SaaS growth may lead to strategic advantages and improved financial performance for CyberArk.

CyberArk Software Ltd.

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