First Posted on Wall Street Journal Online Edition July 30, 2013, 8:34 a.m. ET
By Saabira Chaudhuri
Internet security provider AVG Technologies N.V. (AVG) has named Mozilla Corp. Chief Executive Gary Kovacs as its new CEO.
Prior to joining Mozilla, Mr. Kovacs was senior vice president of markets, solutions & products at Sybase and general manager and vice president of mobile & devices at Adobe Systems Inc. (ADBE)
“His past career successes are directly applicable to the opportunity and the future of AVG–mobile, cloud, software and platforms–and we believe that his rare blend of experience, leadership and drive will take AVG to new levels,” Chairman of the Supervisory Board Dale Fuller said.
AVG, which launched as a publicly traded company in February 2012, sells Internet security, personal-computer performance optimization and online backup products.
In April, AVG said its first-quarter profit more than doubled as it got a boost from mobile users.
Shares closed Monday at $22.23 and were inactive premarket. The stock is up 36% in the past three months.
Write to Saabira Chaudhuri at email@example.com