McAfee Chief DeWalt Quits, Two Successors for Dual President Role

Security software provider McAfee has announced that its president David DeWalt is parting ways with the company - probably once and for all.

According to various unconfirmed reports, after his resignation from McAfee, Mr. Walt is going to join Palo Alto Networks as its new chief executive officer. Palo Alto Networks is a network security company which is expanding fast in the security software market.

“Dave has decided to leave McAfee to pursue a non-competitive CEO role,” a McAfee spokeswoman reportedly told the website VentureBeat.

Meanwhile, DeWalt is likely to be replaced by Todd Gebhart and Michael DeCesare, the acting executive vice president of the company. According to more unconfirmed reports, Gebhart and DeCesare will start handling responsibilities as the new co-presidents of MacAfee from August or September.

The spokeswoman also made it clear that the dual president role that Gebhart and DeCesare will not be an interim arrangement, but a permanent post, VentureBeat reports.

"With the formation of the office of the president, we have two proven executives with long histories of accomplishment and leadership at McAfee", said Renee James, senior vice president and GM at Intel and chairman of McAfee about the company’s decision to go with two co-presidents, the Register reports.