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Veeam’s new Co-CEOs set a big 2020 revenue goal

Channel Strategy

NEW ORLEANS – At the top of its annual VeeamOn conference, the Swiss company announced two new co-CEOs: Peter McKay and Andrei Baronov.

McKay, who joined Veeam Software in 2016 after nearly a three year stint as senior vice president and general manager Americas at VMware, has been Veeam’s president and COO since July 2016. He will be leading Veeam’s go-to-market, finance, and HR functions.

Veeam’s Peter McKay

Baronov is a long time Veeam executive and co-founded the company with current director, Ratmir Timashev. He has been the company’s CTO, and will continue with those existing responsibilities as co-CEO, as well as overseeing Veeam’s research and development, market strategy, and product management functions. His specific focus will be to continue to grow the company’s total addressable market.

William H. Largent, who had been the CEO since Timashev stepped down from the roll last summer, will be transitioning into a new role of Chairman of the Finance and Compensation Committees. He will be responsible for overseeing all corporate governance matters, tax structure, investment management, and internal audits.

Veeam’s Andrei Baronov

Both McKay and Baronov will be responsible for key functional competencies, and alongside Timashev and Largent as members of the Board of Directors, the four will be responsible for the company’s growth potential.

The restructuring of the company’s leadership comes as Veeam continues its quest to expand its enterprise and cloud segments, and continue to grow in the Americas and APJ markets. The company hasn’t been quiet about its goal to become a $1 billion in revenue company by 2019. In fact, after reporting $607 million in revenue in 2016, the company bumped its target goal to $1.5 billion by 2020.

“Peter has played a pivotal role in strengthening our GTM sales and marketing strategy and teams, and taking the company into enterprise and cloud segments,” said Timashev in a statement. “By stepping up and running the go-to-market side of the business, and teaming up with long-term co-founder and the visionary that drives our technology and solutions [Baronov], we are providing a rock-solid platform for future growth.

Timashev stepped down from the day-to-day operations of Veeam last summer when the company promoted Largent to CEO and recruited McKay from VMware. His reduced role in the organization is made clear at VeeamOn, with McKay leading the opening session in his stead.

However, despite joking that he “just came to really enjoy the show and have fun,” the long-time Veeam figurehead is still a central figure in product development and market strategy.