Zscaler Announces Leadership Change; Mike Rich Steps Down as CRO
What happened
Zscaler announced on September 25, 2026, that Mike Rich is stepping down from his role as Chief Revenue Officer for personal reasons. The company filed a disclosure with the Securities and Exchange Commission regarding the executive change. Ross Tackett has been named as the successor, with the promotion taking effect on October 1, 2026. Rich will remain a strategic advisor through December 31, 2026.
From financialcontent.com
Why it matters
The leadership change caused Zscaler shares to fall 9% in the afternoon session following the announcement. This decline extended an after-hours drop of about 4%. The unexpected leadership transition could affect investor confidence in the company during the handover period.
From financialcontent.com
Who's involved
- ZscalerPublicly traded American cybersecurity company
- Mike RichFormer Chief Revenue Officer of Zscaler
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- ZscalerSpeculative
The company could experience market share shifts during the leadership transition.
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The entities involved
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Zscaler
American Cybersecurity Company
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Securities and Exchange Commission
government agency of the Philippines
Related events
- The National Pension Service significantly reduced its stake in Zscaler shares, which is listed on the Nasdaq stock exchange.
- Zscaler is listed on the Nasdaq stock exchange and expands its market reach through a partnership with Carahsoft.
- CNBC reported on Zscaler's financial results, with Seema Mody noting the guidance and CEO Jay Chaudhry framing the discussion around AI.
- Zscaler stock has been listed on the Nasdaq exchange.