NEW CEO FOR VEEAM IN BOARD SHAKE-UP
Co-CEO and founder Andrei Baronov promoted to take sole command of Veeam
Veeam has announced a new CEO in a board-level restructuring.
Company co-founder Andrei Baronov has been promoted to Chief Executive Officer (CEO), replacing Peter McKay.
Baronov was co-CEO with McKay since 2016, but will now become the sole head of the company. McKay, who was president and board member as well as co-CEO will leave the company.
In addition to co-founder Baronov’s promotion, Ratmir Timashev, Veeam’s other co-founder, becomes executive vice president (EVP), WW Sales and Marketing, with William Largent assuming the role of Executive Vice President (EVP), Operations. Both Timashev and Largent will report to the CEO.
These executive changes add extra focus and strength to help the company continue its rapid expansion into the Enterprise and Cloud segments and enable it to accelerate growth across all markets.
“I want to thank Peter McKay for his dedication and energy, and we all wish him the best in his new endeavours,” said Baronov. “He leaves Veeam with a deep bench strength of experienced management leaders who will carry our vision and strategy forward. The changes we have made to the executive team will ensure that Veeam continues our aggressive growth, and we can deliver the exceptional customer experience we are renowned for.”
Veeam recently reported its 41st consecutive quarter of double-digit growth, experiencing a 20% year-over-year (YoY) increase in bookings and more than 26% YoY growth in its cloud business. Moreover, traction with its alliance partners outperformed all expectations, with Cisco, HPE, Lenovo and NetApp helping drive a 128% YoY increase in bookings via unique resale agreements. The executive changes will enable Veeam to continue its growth trajectory.
Andrei Baronov has become the sole CEO of Veeam.