Cloud Security Company ZScaler, which went public in March this year and has a stock market value of over $3 billion, witnessed a rude shock when its COO William Welch announced his resignation at the end of last week.
As soon as the Chief Operating Officer of ZScaler announced his resignation, the shares of the company plunged by 10 percent on Friday.
However, the news is out that William will remain with the company until May 14th, 2018 and will be replaced by one of his colleagues by the end of this month.
ZScaler CEO Jay Chowdary thanked Welch for his contributions and added that his company has strong sales leaders running America and International markets with whom the show will continue.
The reason for Welch departure is being kept under wraps for obvious reasons. However, the company CEO announced that his company will deliver its fiscal third-quarter numbers on June 6th, 2018.
William Welch is said to join another cloud company in June this year but is not in a mood to disclose the name as of now.
Note- Zscaler is a global cloud-based information Security Company which offers internet security, web security, next-generation firewalls sandboxing, antivirus solutions, SSL inspection, vulnerability management and granular control of user activity in cloud computing, mobile, and internet of things environment. The company claims to have more than 15 million premium users and over 6,000 of corporate and government clients.
