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Peter McKay and Andrei Baronov Co-CEOs, Veeam

Company reaffirms goal of $1 billion in revenue by 2019.
This is a Press Release edited by on 2017.05.17

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Veeam Software, Inc. promoted:

president and COO and member of the board of directors, Peter McKay, and



co-founder, member of the board of directors and CTO, Andrei Baronov, to the position of co-CEOs.


Current CEO and member of the board of directors, William H. Largent, will take on a new role as chairman of the finance and compensation committees.


Veeam co-founder and director, Ratmir Timashev, continues in his existing role.

These executive changes add extra focus and strength to help the company continue its expansion into the enterprise and cloud segments and enable it to accelerate growth into the Americas and APJ markets.

Also, Veeam reaffirms its goal of becoming $1 billion in revenue company by 2019.

"Since starting operations in 2006, Veeam's growth has been meteoric," said Largent. "We have bold plans for Veeam's future. Our vision of enabling any business to deliver the Digital Life experience customers expect means that we need to continue to be aggressive and customer focused, building on our growth trajectory. These new assignments will help to provide the foundation for continued expansion, and I am delighted that Peter and Andrei have accepted these new roles."

"Peter has a powerful track record as CEO of several successful start-ups as well as leadership positions in large established technology leaders like VMware and IBM, and has taken Veeam to the next level in the short 10 months since he joined last summer," added Timashev. "Peter has played a pivotal role in strengthening our Gsales and marketing strategy and teams, and taking the company into Enterprise and Cloud segments. By stepping up and running the go-to-market side of the business, and teaming up with long-term co-founder [Andrei] and the visionary that drives our technology and solutions, we are providing a rock-solid platform for future growth."

As co-CEOs, McKay and Baronov will focus on key functional competencies and they, along with Largent and Timashev as members of the board of directors, will be responsible for optimizing the company's growth potential:
    •    McKay will spearhead go-to-market, finance and HR functions, as well as work in tandem with  Baronov as co-CEO to drive the company's future growth
    •    As co-CEO, Baronov will continue his existing CTO responsibilities, and shall oversee R&D, market strategy and product management functions with the focus on continued expansion of Veeam's total addressable market
    •    As chairman of the finance and compensation committees, Largent will be responsible for the oversight of all corporate governance matters, tax structure, investment management and the internal audit function.