ZeroFox announces leadership change

ZeroFox Founder James C. Foster Named Executive Chairman

David Muse, experienced software executive, named CEO

Andrew McKenna has been appointed Chief Financial Officer and James McCarthy has taken over as Chief Financial Officer

WASHINGTON, May 28, 2024 (GLOBE NEWSWIRE) — ZeroFox Holdings, Inc. (“ZeroFox”), a leading third-party cybersecurity provider, today announced that David Muse has been named Chief Executive Officer. James C. Foster, founder of ZeroFox, will become executive chairman and will remain actively involved in helping the company grow. Muse joins ZeroFox from Elemica, a leading digital supply chain software organization for B2B industries, where he previously served as CEO. ZeroFox also announced the appointments of Andrew McKenna as chief financial officer, replacing Tim Bender, and James McCarthy as chief revenue officer, replacing Scott O’Rourke. The appointments of Mr. Muse and Mr. McKenna are effective immediately and Mr. McCarthy will join the Company on June 3, 2024.

Mr. Muse is a seasoned CEO with a proven track record of identifying and pursuing growth opportunities and driving product innovations that deliver greater value to customers. Throughout his career, he has focused on developing top talent and creating a positive organizational culture where collaboration, transparency and customer focus are a top priority.

“I am excited to join ZeroFox as it begins its next phase of growth as a privately held company,” said David Muse, CEO of ZeroFox. “ZeroFox has built the leading end-to-end digital risk protection platform, providing customers with end-to-end external threat intelligence, protection and response solutions. I look forward to working with Foster and my new colleagues as we continue to pioneer products that protect customers from the ever-increasing number of cyber threats.”

“We are thrilled to welcome David, Andrew and James to the ZeroFox team and look forward to working with the entire ZeroFox team to help them continue to delight customers and accelerate their growth plans,” said Ian Loring, Senior Managing Director and Executive Chairman of the Haveli Fund Investments Software Fund. “We would like to express our deep appreciation to Tim and Scott, who have been instrumental in transforming ZeroFox into the leading digital risk protection and threat intelligence platform, and we look forward to continuing to work with the rest of the senior team at the company.”

“It has been an honor to work with all of our incredibly passionate and talented employees to grow ZeroFox from the ground up to over $200 million in revenue over the past few years. With the support and feedback of our innovative customers, we have created one of the few unified third-party cybersecurity platforms with DRP, EASM and Threat Intelligence,” said James C. Foster, executive chairman of ZeroFox. “I am excited about the next chapter in the ZeroFox story. David is a born leader and I am confident that his leadership will further accelerate the momentum we have built at ZeroFox. We pride ourselves on protecting our customers every hour of every day and I look forward to working with David and the Haveli team to ensure we stay ahead of the next threat and maintain our leadership for many years to come.

David Muse Biography

Mr. Muse’s extensive global leadership experience includes serving as CEO of Elemica, a leading digital supply chain network connecting many of the world’s largest manufacturers with their direct material suppliers, logistics providers and end customers. Muse also previously served as CEO of Dharma Platform, President and CEO of Enviance, and COO of P2 Energy Solutions. Muse also held leadership positions at Honeywell, Aspen Technology and IBM Global Business Services. He earned an MBA from the McCombs School of Business at the University of Texas at Austin and a bachelor’s degree in industrial distribution from Texas A&M University, where he served as an adjunct professor. Muse received Comparably’s Top CEO Award for 2021, 2022 and 2023, and was named one of Comparably’s Top CEOs for Diversity and Women in 2021.

Andrew McKenna Biography

As a seasoned technology finance leader, Mr. McKenna brings progressive experience in private equity-backed software companies. McKenna most recently served as Elemica’s CFO, where he led the finance and human resources functions. Prior to joining Elemica, McKenna served as Vice President of Financial Planning and Treasury at Frontline Education, a SaaS provider focused on administrative processes in education, during a period of significant organic and inorganic growth that led to its sale to Roper Technologies. Prior to joining Frontline, McKenna was CFO of the Corporate Liquidity and Bank Treasury group at Fidelity National Information Services, Inc. and held various accounting and corporate finance positions at SunGard Data Systems. He holds a bachelor’s degree in accounting and finance from Saint Joseph’s University.

James McCarthy Biography

Mr. McCarthy is an experienced cybersecurity sales leader who most recently served as Vice President of Americas Sales at Forcepoint, a leading user and data security company. Previously, McCarthy was Vice President of Worldwide Sales at Cyera, an enterprise cloud data security company, and Executive Vice President of Worldwide Sales at Digital Guardian, an enterprise security leader in data loss prevention solutions for large and mid-sized organizations . He received his BA and MBA from Elon University.

About ZeroFox

ZeroFox, the leader in enterprise software-as-a-service external cybersecurity, has redefined security beyond corporate boundaries on the Internet, where businesses operate and cybercriminals thrive. The ZeroFox platform combines advanced AI analytics, digital risk and privacy protection, a full spectrum of threat intelligence, and a robust set of breach, incident and takedown response capabilities to expose and disrupt phishing and fraud campaigns, botnet exposures, credential theft, spoofing other people, data breaches and physical threats against your brands, domains, people and assets. Join thousands of customers, including the largest public sector organizations, as well as companies in the financial, media, technology and retail industries, to stay ahead of the curve and address the entire lifecycle of external cyber threats. ZeroFox and the ZeroFox logo are trademarks or registered trademarks of ZeroFox, Inc. and/or its affiliates in the US and other countries. Visit www.zerofox.com for more information.

For ZeroFox:

Media inquiries
Maisie Guzi, ZeroFox
[email protected]

Investor Relations
Todd Weller, ZeroFox
[email protected]

For Haveli:
Investors
Karolina Bal Doherty
Haveli Investments
Vice-President of Capital Companies
[email protected]

Media
Hugh Burns/Pamela Greene
Reevemark
(212) 433-4600
[email protected]