Carbon Black, an endpoint security company, has appointed Steve Webber as its CFO to lead its finance and administration organization. The Webber hire comes after Mark Sullivan stepped down as Carbon Black's CFO last week.
Webber possesses more than 25 years of financial management and executive leadership experience. He most recently served as COO and CFO at BackOffice Associates, a data transformation solutions provider.
In addition, Webber has held leadership roles at medical treatment systems company Cynosure and EMC. Webber managed investor relations, global services, IT and finance at Cynosure. Comparatively, Webber spent 19 years at EMC, where he held various corporate finance, international finance and business partner roles supporting the company's enterprise software division and global enterprise services.
What Does the Webber Hire Mean for Carbon Black?
The Webber hire could help Carbon Black accelerate its growth as the company fine-tunes its channel strategy.
Although Carbon Black is growing, the company is struggling to train sales teams and channel partners on its Predictive Security Cloud (PSC) and other security products, CEO Patrick Morley told Wall Street Analysts last month. However, Carbon Black is modifying its channel strategy in the hopes of attracting new partners and driving revenue growth.
Meanwhile, Carbon Black recorded total revenue of $209.7 million for full-year fiscal 2018, which represented a 30 percent year-over-year increase. Carbon Black also has projected its total revenue to fall between $240 million and $244 million for full-year fiscal 2019.