Market leader in data security, Protegrity, has turned to Rick Farnell, a proven leader in the software and analytics industry as their next chief executive officer.
“I am thrilled to join Protegrity to help the company scale into the future with its industry-leading security software,” Farnell wrote in a statement. “Data security is a top concern in boardrooms and for C-suites at companies of all sizes and in every industry across the globe. As the world increasingly adopts digital, hybrid-cloud and artificial intelligence solutions, Protegrity’s proven data security software will be on center stage helping our customers to choreograph safe analytical innovation with the use of data in all its forms.”
With over 20 years of experience in the technology industry, Farnell has held executive positions at C-bridge Internet Solutions, Sun Microsystems, and Think Big Analytics. His appointment follows his most recent position, serving as Teradata’s senior vice president for its global consulting business, comprised of 5,000 consultants across 75 countries.
“Rick has a unique background and leadership track record, both as an entrepreneur and executive at global software companies,” said Chairman of Protegrity Board of Directors, Gustav Vik. “We are excited that Rick is bringing his passion and leadership to Protegrity to help us build upon our solid foundation and allow more customers to protect their most important data with our state-of-the-art solution.”
Farnell replaces Suni Munshani, who had served as CEO since 2011, effective immediately. Protegrity is keeping tight-lipped on whether Munshani resigned or was terminated.
In response to a Hearst Connecticut Media inquiry, Munshani responded via LinkedIn that he approved of Farnell. He further confirmed that he remained at Protegrity but is “working on a transition over the next few weeks.”
“The company is ready for its next phase of growth and replacement of CEOs is normal,” Munshani explained. “Rick’s background and experiences match well with what Protegrity needs now. I wish him well in building a billion-dollar company.”
While Protegrity does not disclose its clients, its website states that they include seven of the world’s 15 largest banks as well as the “No. 1 large provider of healthcare insurance” and “five of the most powerful transnational companies.”