CyberArk announced the appointment of Peretz Regev as chief product officer. Regev brings more than 20 years of senior leadership and product engineering experience to CyberArk. Previously, Regev was vice president of Global Data Science and Engineering at PayPal.

Regev also served as the general manager of PayPal Israel. In this role, Regev will oversee the organization's product management, R&D, innovation and technology operations. He will continue to support CyberArk's Identity Security vision and consistently execute on an innovative roadmap that drives competitive differentiation and customer value.

CyberArk established Identity Security as the new standard for managing growth and reducing risk associated with human and machine identities. Centered on intelligent privilege controls, the CyberArk Identity Security Platform enables secure access for any identity from anywhere and to the widest range of resources and environments. CyberArk's previous chief product officer Chen Bitan will remain the general manager of CyberArk Israel and will continue to play a key role in defining the company direction.

In addition, he will take on new responsibilities to manage and develop strategic customer accounts with a focus on EMEA. Prior to PayPal, Regev led the SaaS products and Big Data Analytics teams at HP Software, where he helped define the company's overall product strategy and roadmap, drove the research agenda with the HP Labs team and developed the vision and business strategy for the organization's end-to-end DevOps solutions during his 12-year tenure. Regev earned his BSc in Computer Sciences cum laude from Reichman University and his MBA cum laude from the College of Management Academic Studies.