OneTrust, the market-defining leader for trust intelligence, today announced a series of changes to its governance structure to refresh its Board and enable the company to fully focus on delivering on its growth roadmap.
The revised governance structure will include a refreshed Board comprised of Chairman and CEO Kabir Barday, Thomas Laffont of Coatue Management and Richard Wells of Insight Partners. Current board members Alan Dabbiere, David Dabbiere and John Marshall will depart from the Board and sell the majority of their OneTrust interests to existing investors. The refreshed Board will oversee a search for four new independent Board members resulting in a majority-independent Board of seven people.
“This is a terrific business. It has been rewarding to watch the company’s growth over the past seven years, and I’m confident in the future of OneTrust,” said Alan Dabbiere.
“We thank Alan, David and John for their contributions to OneTrust,” said Barday. “They brought their wealth of experience to the company and helped to position OneTrust as the market leader that it is today. Once the Board recruitment process is completed, our Board will have a strengthened governance structure with a majority of members being independent. Together, the newly comprised Board and recently strengthened leadership team will be well positioned to build on OneTrust’s momentum and advance its growth strategy. I am incredibly excited to work together to serve our rapidly growing customer base and drive our trust-centered product roadmap.”
Dabbiere and Barday also announced today that they will dismiss all litigation between the two parties.
OneTrust is the trust intelligence cloud platform organizations use to transform trust from an abstract concept into a measurable competitive advantage. Organizations globally use OneTrust to enable the responsible use of data while protecting the privacy rights of individuals, implement and report on their cyber security program, make their social impact goals a reality, and create a speak up culture of trust. Over 14,000 customers use OneTrust’s technology, including half of the Global 2,000. OneTrust currently ranks #24 on the Forbes Cloud 100 list of top private cloud companies in the world and employs over 2,000 people in regions across North America, South America, Asia, Europe, and Australia.