Avast CEO to step down; annual results miss expectations
Cyber security firm Avast’s long-time chief executive officer is stepping down, the company said on Wednesday as it reported marginally lower-than-expected adjusted revenue and earnings in its first annual results since listing in May.
Avast said Vince Steckler plans to retire in 2019 after 10 years in the top job and will be succeeded by Ondrej Vlcek, currently president of the company’s consumer business.
Steckler, widely considered to be the architect of Avast, led the company through the major acquisition of AVG and its listing on the London Stock Exchange. He is credited with having grown the company’s revenues from under $20 million to over $800 million.
He will step down on June 30 but will remain available in an advisory capacity for another year.
Vlcek, who started at...