LastPass appoints Karim Toubba as CEO
Karim Toubba has joined the company as its CEO.
The cloud security veteran will lead LastPass as it separates from GoTo, formerly LogMeIn, and increases investment to create an even more seamless user experience, modernise go-to-market functions, and continue to build password and identity management solutions for the company's customers.
Toubba succeeds LastPass' interim CEO, Mike Kohlsdorf, who will continue to lead GoTo as CEO.
"This is a transformational moment for LastPass, and we are thrilled to bring Karim on board to lead the next chapter of LastPass," Kohlsdorf says.
"He brings the right blend of security, innovation and leadership experience to lead LastPass, addressing the needs of our customers, all while ensuring we continue to grow rapidly and evolve our product offerings."
"We're delighted to welcome Karim as the new CEO during this significant phase at LastPass," Francisco Partners partner Andrew Kowal says.
"There is a critical need in the market for secure identity verification and LastPass is poised to deliver strategic value against a vast growth opportunity."
Toubba, who served as CEO of Kenna Security, which Cisco acquired in July of 2021, brings over 25 years of security leadership and executive management in technology companies to his new role.
"I'm excited to join LastPass due to the incredible opportunity to make an impact in identity management, which is one of the largest and most important segments within cybersecurity, one that is a critical first step in how users experience online services but that is often at the forefront of cyberattacks," Karim Toubba says.
"LastPass is already the leader in the password management category but now we have an opportunity to further innovate and deliver additional value for our 100,000 business customers and more than 33 million registered users worldwide."