CyberArk announced Matthew Cohen, CyberArk's Chief Operating Officer, will be appointed Chief Executive Officer and join the Board of Directors. First as CRO and then as COO, Matt has played an instrumental role driving transformational change and has established a proven track record as a results-driven leader. Cohen joined CyberArk in November 2019 as Chief Revenue Officer and in November 2020 was promoted to Chief Operating Officer, executing the company's worldwide sales strategy including leading the global go-to-market organization and successfully executing the Company's transformation into a subscription company.

Prior to CyberArk, he served as Executive Vice President of Field Operations at PTC, where he developed and executed the Company's entire go to market strategy across sales, customer success, services and support, product and field marketing and demand generation. He played an instrumental role in executing the organization's transition to a subscription model. During his 18-year tenure with PTC, Cohen held various leadership positions across customer success and global services where he built the customer success function, transformed the global services business, helped the company successfully enter new technology markets and scale the organization into a greater than a billion-dollar in Annual Recurring Revenue company.

Founder, Chairman and CEO, Udi Mokady, will assume the role of Executive Chair of the Board of Directors, (Executive Chair) effective April 3, 2023.