Barracuda Networks CEO Dean Drako Steps Down

Posted Jul 12, 2012

Barracuda Networks CEO Dean Drako has resigned to “pursue other avenues.”  Drako co-founded the company in 2003 and served as CEO for 9 years.  He will continue to serve on the board of directors.  His resignation will initiate on July 18th.

Barracuda is a private firm that creates network security devices.  They have e-mail and web filtering along with phone system solutions.  Barracuda monitors network attacks 24 hours per day, seven days per week.  They have 1,000 employees across the globe and they do not report their sales figures.

Barracuda is currently seeking a new CEO.  Until a new one is found, Board of Directors members Gordon Stitt, co-founder Michael Perone, and CFO David Faugno will be assuming the role on an interim basis.

?We wish (Dean) well in his new venture, and are pleased he has agreed to remain on our board of directors as we continue to grow the company,” said Faugno.  Drako said that Barracuda now has the technology, user community, and growth to be a thriving public company.