TEMPE, Ariz.--(BUSINESS WIRE)--LifeLock, Inc. (NYSE: LOCK), an industry leader in identity theft protection, today announced that Mike Dean, who formerly served as group president of Experian’s Consumer Direct division, has been appointed the company’s chief strategy officer.
In this position, Dean will oversee the Company’s Enterprise Sales & Alliances (ES&A) team, LifeLock enterprise products and ID Analytics. Dean will lead a search for a successor to Don Beck, who will retire from his position as head of ES&A by the end of 2016. ID Analytics CEO Scott Carter will report to Dean.
The company also announced that Schwark Satyavolu has resigned from his position as executive vice president, Product & Technology, to become a general partner at a venture capital firm, effective mid-February 2016. At that time, he will become a strategic advisor to LifeLock. Dev Patel, senior vice president of product and technology, will lead the company’s consumer product teams and report to LifeLock’s president and CEO-elect Hilary Schneider. Previously, Patel was vice president of engineering, advertiser product and publisher solutions at Yahoo! Inc., and most recently he was chief executive officer of BitYota, a data warehouse company acquired by LifeLock last year.
“We are pleased to promote some of the great talent we have at LifeLock to new roles,” said Schneider. “Dean brings deep experience and a demonstrated capacity for innovation to his new position as chief strategy officer that will be invaluable to LifeLock. He’ll play a key role in helping us continue to grow our business, build our industry leadership and focus on operational excellence. I look forward to working with him, and Dev, to further enhance LifeLock’s position as the most trusted provider of identity theft management solutions and I’m confident that the momentum in our business will continue under their leadership.”
Schneider continued, “We thank Schwark for helping to lay a new foundation for our product and technology organization, wish him well and look forward to his continued contributions as a strategic advisor to our company. We also thank Don for the commitment and enthusiasm he continues to bring to our ES&A business and are pleased that he will stay on to ensure an orderly transition of his responsibilities.”
Dean has served in a senior consulting capacity at LifeLock and has a deep understanding of the industry, LifeLock and its partners. Before beginning his consulting career he spent 11 years at Experian in a number of senior roles, and served as vice president of Business Development at PriceGrabber.com.
About LifeLock
LifeLock, Inc. (NYSE:LOCK) is a leading provider of proactive identity theft protection services for consumers and consumer risk management services for enterprises. LifeLock’s threat detection, proactive identity alerts, and comprehensive remediation services help provide peace of mind for consumers amid the growing threat of identity theft. Leveraging unique data, science and patented technology from ID Analytics, Inc., a wholly owned subsidiary, LifeLock offers identity theft protection that goes significantly beyond credit monitoring. As part of its commitment to help fight identity theft, LifeLock works to train law enforcement and partners with a variety of non-profit organizations to help consumers establish positive habits to combat this threat.
Forward-Looking Statements
This press release contains “forward-looking” statements, as that term is defined under the federal securities laws, including statements regarding organizational changes, along with its impact on the future performance of our business. These forward-looking statements are based on our current assumptions, expectations, and beliefs and are subject to substantial risks, uncertainties, assumptions, and changes in circumstances that may cause our actual results, performance, or achievements to differ materially from those expressed or implied in any forward-looking statement.
Further information on these and other factors that could affect the forward-looking statements in this press release is included in our SEC filings, including our Annual Report on Form 10-K for the year ended December 31, 2014, particularly under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and our Forms 10-Q. Copies of these documents are available on our Investor Relations website at http://investor.lifelock.com/ or the SEC's website at www.sec.gov.
We assume no obligation and do not intend to update these forward-looking statements, except as required by law.
