Snyk brings in new CEO to help lead future expansion
Startup founders typically face a management challenge. They often began their careers in technical engineering jobs, and are thrust into the CEO role when starting a company. Sometimes it makes sense to bring in a more experienced executive to guide a fast-growing startup, and that is what Snyk announced it’s doing today, shifting founder/CEO Guy Podjarny to president and chairman of the board, while bringing in board member and investor Peter McKay as CEO.
Over the past 18 months the company has grown significantly moving from just 18 employees to 150 as its open source software development approach to security has taken hold in the marketplace. McKay is someone who makes sense for the job given he has been involved with the company as an investor since its early days, and has known Podjarny in various roles for 15 years. The two talked about having a good working relationship, something that Podjarny said was essential to this transition.
“I think I would be going through many sleepless nights if I was bringing just somebody we interviewed into the company for a role like this at a time like this,” he said. He added that having known and worked with McKay
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