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- Cloud-based IT, security, and compliance solution provider Qualys Inc QLYS announced the resignation of Chairman and CEO Philippe Courtot for health reasons after serving in the position for two decades.
- Courtot took a leave of absence due to health issues unrelated to COVID-19 on February 7. Qualys' President and Chief Product Officer, Sumedh Thakar, was named interim CEO and principal executive officer and appointed to the Board.
- Thakar would continue in the above positions.
- Courtot would remain a director until his current term expiry at the Qualys' 2021 annual meeting and would not seek re-election. Thakar would continue as a Class III director until Qualys' 2021 annual meeting.
- Price action: QLYS shares traded higher by 3.96% at $104.76 on the last check Monday.
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