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Hodges Leaves McAfee, Joins WebSense
John Stith
Staff Writer
2006-01-11
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Gene Hodges, president of McAfee, jumped ship and became President and CEO of WebSense, another security software firm. All this comes hot on the heels of an agreement McAfee reached with the Securities and Exchange Commission after they charged McAfee with cooking the books.
 | | Hodges Jumps Ship |  |
Hodges joined McAfee in 1995 and rose to prominence in the company, becoming president of the well-known software security firm and was there until Monday, when he handed in his resignation. Comments were cordial on both sides.
"Websense offers a unique opportunity to apply the knowledge and experience I have gained during my 11 years in the security software industry. Although I was not seeking a change, the position as CEO of Websense was simply too compelling to pass up," commented Gene Hodges. "Websense has all the attributes of a successful growth company-a large and expanding customer base, strong brand recognition, new products, unique technology, emerging markets, strong partnerships and a solid balance sheet. With the launch of Websense Enterprise® Version 6 and new initiatives in the mobile worker and wireless markets, Websense is well positioned to continue its history of strong growth," Hodges added.
"Gene has been a valuable member of our team and McAfee would like to thank him for his leadership as well as the many contributions he has made to our business during his tenure," said George Samenuk, chairman and CEO of McAfee. "We wish Gene well in his future endeavors."
One might question if this has anything to do with the recent problems McAfee experienced after settling with the SEC. The SEC charged McAfee lied about their earnings from 1998 to 2000. The numbers fudged were upwards of $622 million in exaggerations. McAfee escaped without having to plead guilty when they agreed to pay $50 million in civil penalties. While Hodges certainly had this deal working for some time, it is interesting that this announcement roughly coincides with the settlement.
While Hodge was never directly named, both Phrabhat Goyal, former McAfee CFO and former McAfee controller Terry Davis both for fraudulent accounting at McAfee.
About the Author:
John is a staff writer for SecurityProNews covering cyber security.
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