Gen Digital Announces Leadership Transition, Vincent Pilette Named Board Chair.

• Gen Digital's Chairman Frank Dangeard steps down due to health reasons. • Vincent Pilette, CEO, takes on Board Chair role. • Sue Barsamian appointed Lead Independent Director. • Leadership changes are effective immediately.

Gen Digital Inc. (NASDAQ: GEN), a global leader in digital freedom solutions, has announced significant changes to its Board of Directors. Frank Dangeard, the current Chairman, will step down due to personal health reasons. Vincent Pilette, the company's CEO since 2019, has been elected to assume the additional role of Board Chair. Additionally, Sue Barsamian has been appointed as Lead Independent Director, with all changes effective immediately.

Under Dangeard's leadership, Gen Digital transformed from a Cyber Safety company to expanding into Trust-Based Solutions, including Financial Wellness. During his tenure, Dangeard guided the company through a rapid transformation, shaping its strategy and reinforcing strong governance [1]. The Board's unanimous election of Vincent Pilette to the role of Board Chair reflects the company's confidence in his leadership as it enters its next phase of growth and value creation [2].

Vincent Pilette expressed gratitude for Dangeard's contributions, stating, "On behalf of the entire company and Board, I want to express my deepest gratitude to Frank. His supportive leadership and dedication to our mission, our team, and to me personally have been invaluable. While we fully respect his decision to step back, his impact will be felt for years to come" [1]. Dangeard shared his thoughts on his decision, stating, "I am more confident than ever in Gen. The company has an exceptionally talented team, and Vincent and his leadership team have positioned the company for a bright future" [1].

Sue Barsamian, the new Lead Independent Director, will continue to bring independent perspectives and robust governance oversight to the company. Gen Digital has established a leading position in Consumer Cyber Safety and built an impressive track record of operational excellence. Barsamian looks forward to continuing her partnership with Vincent Pilette and the Board as the company embarks on its next phase of transformation [1].

References:
[1] https://www.prnewswire.com/news-releases/gen-announces-leadership-transition-for-its-board-of-directors-302511083.html
[2] https://www.stocktitan.net/news/GEN/gen-announces-leadership-transition-for-its-board-of-po1zyue2fa9z.html