Palo Alto Networks Appoints Luis Felipe Visoso as New Chief Financial Officer

Rhea-AI Summary

Palo Alto Networks (NYSE: PANW) has appointed Luis Felipe Visoso as the new chief financial officer (CFO), effective July 1, 2020. Visoso, previously CFO at Amazon Web Services and with extensive experience at Procter & Gamble and Cisco, will succeed Kathy Bonanno, who is transitioning to a role at Google Cloud. CEO Nikesh Arora expressed confidence in Visoso's ability to drive the company's growth in the cybersecurity sector, emphasizing a strong vision for safety and security.

Positive

• Appointment of experienced CFO Luis Felipe Visoso, expected to bring valuable insights and innovation.
• Visoso has a strong track record in financial management from reputable companies, including Amazon and Cisco.

Negative

• Transition from outgoing CFO Kathy Bonanno may present initial challenges in continuity.

SANTA CLARA, Calif., June 23, 2020 /PRNewswire/ -- Palo Alto Networks (NYSE: PANW), the global cybersecurity leader, today announced the appointment of Luis Felipe Visoso to the position of chief financial officer (CFO). Visoso will assume the role on July 1, 2020.

A veteran finance officer, Visoso most recently served as CFO for Amazon Web Services (AWS), and previously as CFO for Amazon's Worldwide Consumer division. Before moving into the technology field, with a senior finance role at Cisco, Visoso spent more than 20 years at Procter & Gamble, working in global positions across Latin America, Europe, and the United States.

"Luis has a phenomenal track record growing businesses in a financially disciplined manner," said Nikesh Arora, chairman and CEO, Palo Alto Networks. "We're on a strong path to becoming the most comprehensive, integrated and innovative cybersecurity company in the world and I'm delighted to welcome Luis to our management team to help us achieve that goal."

"Palo Alto Networks has a vision of a world where each day is safer and more secure - something I'm excited to be a part of," said Visoso, incoming chief financial officer, Palo Alto Networks. "This is a team that continues to innovate in a fast-growing industry. I look forward to creating value for customers, partners, employees and shareholders alike."

Visoso will take over from Palo Alto Networks CFO Kathy Bonanno, who announced her departure this week to become business finance officer of Google's Cloud division. Bonanno and Visoso will work together through July 31, the end of fiscal year 2020, to facilitate a smooth transition.

About Palo Alto Networks

Palo Alto Networks, the global cybersecurity leader, is shaping the cloud-centric future with technology that is transforming the way people and organizations operate. Our mission is to be the cybersecurity partner of choice, protecting our digital way of life. We help address the world's greatest security challenges with continuous innovation that seizes the latest breakthroughs in artificial intelligence, analytics, automation, and orchestration. By delivering an integrated platform and empowering a growing ecosystem of partners, we are at the forefront of protecting tens of thousands of organizations across clouds, networks, and mobile devices. Our vision is a world where each day is safer and more secure than the one before. For more information, visit -1%26h%3D3840393078%26u%3Dhttp%253A%252F%252Fwww.paloaltonetworks.com%252F%26a%3Dwww.paloaltonetworks.com&a=www.paloaltonetworks.com" rel="nofollow">www.paloaltonetworks.com.

Palo Alto Networks and the Palo Alto Networks logo are trademarks of Palo Alto Networks, Inc. in the United States and in jurisdictions throughout the world. All other trademarks, trade names, or service marks used or mentioned herein belong to their respective owners.

 

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SOURCE Palo Alto Networks, Inc.

FAQ

Who is the new CFO of Palo Alto Networks?

Luis Felipe Visoso is the newly appointed CFO of Palo Alto Networks.

When does Luis Felipe Visoso start as CFO of PANW?

Luis Felipe Visoso will assume the role of CFO on July 1, 2020.

What is the background of the new CFO of Palo Alto Networks?

Luis Felipe Visoso previously served as CFO for Amazon Web Services and has over 20 years of experience at Procter & Gamble and Cisco.

Why did Kathy Bonanno leave her position at Palo Alto Networks?

Kathy Bonanno is leaving to become the business finance officer of Google's Cloud division.

What impact might the CFO transition have on PANW?

The transition may initially present challenges in continuity, but the company remains committed to its growth strategy.