Arctic Wolf announced Tuesday that Nick Schneider, president and chief revenue officer, has been appointed CEO.
Schneider succeeds Co-founder and current CEO Brian NeSmith, who will serve as executive chairman of the board of directors.
The Eden Prairie-based cybersecurity firm has 100% growth in year-over-year annual recurring revenue for each of the last seven years, according to a press release. Arctic Wolf's most recent valuation was $4.3 billion.
“We are in rarefied air, as few enterprise technology companies have ever reached our scale of growth and velocity, and I am thrilled to lead the company through the next phase of growth and market leadership as CEO,” Schneider said in a press release. “I look forward to working with Brian side-by-side in his new role as executive chairman.
Prior to joining Arctic Wolf, Schneider worked at Round Rock, Texas-based Dell Technologies and Minneapolis-based Code42.
“Nick has an incredible track record of leading and growing successful technology companies, and I am confident that he is the best possible leader to usher the company into its next phase of growth and global expansion," NeSmith said. "I look forward to supporting him in my new role as we continue to execute on our strategy and break new records”
