#United States #Tempe #Gen Digital #Peter Feld #John Chrystal

Gen Digital Inc. Announces Board Transition: A New Era Begins

In a recent announcement that signals a pivotal shift in leadership, Gen Digital Inc. (NASDAQ: GEN), a global leader committed to promoting Digital Freedom, declared the departure of Peter Feld from its Board of Directors. Alongside this announcement, the company is thrilled to welcome John Chrystal, who previously served on the Board of Directors at MoneyLion. This change comes as Gen focuses its strategies on innovation and financial wellness, continuing its commitment to empower consumers.

Peter Feld’s Remarkable Tenure

Peter Feld joined Symantec's board in 2018, where he played an influential role in the company’s transformation. His tenure has been marked by significant milestones, including the establishment of NortonLifeLock and the crucial merger with Avast. Under his guidance, Gen emerged as a formidable brand in the Cyber Safety sector.

As Frank Dangeard, Chair of the Board, reflected on Feld’s contributions, he highlighted how essential Feld has been in shaping the company’s strategy, emphasizing that his legacy will remain part of Gen's DNA. "His vision and commitment have been central to shaping our strategy and setting the foundation for our growth," said Dangeard.

Feld expressed gratitude for his experience, noting that his journey with Gen has been incredibly fulfilling. He acknowledged the solid foundation the company has built and looks forward to witnessing its forthcoming success in financial wellness.

Introduction of John Chrystal

With the end of Feld’s leadership, Gen Digital welcomes John Chrystal to its Board of Directors. John's qualifications and extensive experience in fintech, notably as Chair of the Board for MoneyLion, are expected to bring valuable insight at a critical moment for Gen following its acquisition of MoneyLion.

Chrystal expressed enthusiasm about joining the management team at Gen, emphasizing the importance of trust-based solutions in today’s financial landscape. He aims to contribute to Gen's mission of enhancing digital and financial wellness, aligning with the company's goal of empowering consumers to protect their futures.

A Focused Vision for the Future

These modifications in the Board of Directors represent more than just a change in personnel; they epitomize Gen's commitment to fostering innovation and expanding its portfolio in the financial wellness space. This strategic direction aims to integrate cyber safety with comprehensive financial solutions, addressing the holistic needs of consumers.

As the market evolves, having influential leaders like Chrystal onboard positions Gen to explore new growth avenues effectively. The blend of technology and finance in today's economy necessitates organizations to adapt swiftly, ensuring they not only safeguard digital lives but also enhance the financial stability of their users.

Gen Digital Inc. is not merely a cybersecurity brand; it stands as a beacon for consumers seeking protection and empowerment in their digital transactions. The company boasts an impressive lineup of products and services that cater to the growing demands for cybersecurity, online privacy, and identity protection, amounting to over 500 million users in more than 150 countries.

Conclusion

With these transitions, Gen Digital is poised at the forefront of industry innovation, keen on delivering unparalleled value across its family of trusted brands. The collaboration of experienced leaders like Chrystal, alongside the foundational efforts laid by Feld, is indicative of a promising future, focusing on empowering individuals in their digital and financial lives. As Gen continues on this path, it solidifies its role as a pivotal entity in the ongoing evolution of digital freedom and consumer wellness.