Veeam Software has announced it has promoted co-founder member of the Board of Directors and CTO, Andrei Baronov, and president and COO and member of the Board of Directors, Peter McKay, to the position of Co-CEOs.
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 into the Americas and APJ markets. Also, Veeam reaffirms its goal of becoming $1bn in revenue company by 2019.
Baronov will continue his existing CTO responsibilities, and shall oversee Veeam's R&D, market strategy and product management functions with the focus on continued expansion of Veeam's total addressable market (TAM).
McKay will spearhead Veeam's go-to-market, finance and HR functions, as well as work in tandem with Baronov as Co-CEO to drive the company's future growth.
Ratmir Timashev, co-founder at Veeam, said: "McKay has a powerful track record as CEO of several successful start-ups as well as leadership positions in large established technology leaders like VMware and IBM, and has taken Veeam to the next level in the short 10 months since he joined last summer.
"McKay has played a pivotal role in strengthening our GTM sales and marketing strategy and teams, and taking the company into Enterprise and Cloud segments. By stepping up and running the go-to-market side of the business, and teaming up with long-term co-founder [Baronov] and the visionary that drives our technology and solutions, we are providing a rock-solid platform for future growth."
Current CEO and member of
the Board of Directors, William H. Largent, will take on a new role as Chairman
of the Finance & Compensation Committees. Veeam co-founder and Director,
Ratmir Timashev, continues in his existing role.
As chairman of the Finance & Compensation Committees, Largent will be responsible for the oversight of all corporate governance matters, tax structure, investment management and the internal audit function.