New Leadership Structure to Capitalize on Surging Demand for 1Password Extended Access Management and Advance New Cybersecurity Category

1Password, a leader in identity security, today announced that Jeff Shiner and David Faugno will assume the roles of co-CEOs, effective immediately. Together, Shiner and Faugno will share responsibility for the company’s performance, culture, and long-term vision, advancing 1Password’s opportunity to establish Extended Access Management (XAM) as a new cybersecurity category that addresses the modern security needs of organizations.

Pioneering Extended Access Management for the Modern Workplace

As businesses embrace remote and hybrid work, securing access to applications, data, and devices has become more complex. A recent IDC study revealed that ​80% of professional workers are now partially remote, and 49% of CISOs say those employees pose the biggest security risk. The report highlights the rise of unmanaged devices and “shadow IT,” where employees use unmonitored, often unsanctioned applications, creating vulnerabilities for enterprises.

Recognizing these security challenges and prompted by the evolving customer needs, the company introduced 1Password Extended Access Management in May 2024, pioneering a platform that secures every sign-in to every app from every device—including unmanaged ones often unprotected by legacy security solutions. Since its launch, 1Password Extended Access Management has experienced strong demand, quickly becoming a trusted platform for leading organizations to protect their workforce in today’s complex security landscape.

Expanding Capabilities through Strategic Partnerships

Responding to strong customer demand, the company has accelerated the growth of the 1Password Extended Access Management ecosystem. Recent integrations with Google Workspace and CrowdStrike® Falcon® Next-Gen SIEM, along with an expanded partnership with CrowdStrike, have enhanced the platform’s capabilities. Additionally, 1Password announced today that it has joined the Microsoft Intelligent Security Association (MISA), enabling Microsoft users to leverage the 1Password Extended Access Management platform for real-time threat visibility, device health enforcement, and robust access management through integrations with Microsoft Sentinel and Microsoft Entra ID.

Focused Leadership Fueling Product Innovation

The combination of Shiner and Faugno focuses leadership across core business areas and positions 1Password to take advantage of emerging market opportunities and increasing customer demand. Shiner will drive product strategy, overseeing engineering and security, areas deeply rooted in his technical background. He will remain Chair of the Board, guiding 1Password’s mission and vision, ensuring strong governance and strategic alignment, and serving as a thought leader to the Board, investors, industry analysts, and key stakeholders in the security space. Shiner has led 1Password for over 13 years, and under his leadership, the company has evolved from a beloved consumer password manager into a global cybersecurity leader for businesses of all sizes. His leadership has fueled 1Password’s growth, expanding the team from under a dozen employees to over 1,300 across five countries, millions of customers, and over 150,000 businesses, including Canva, the Golden State Warriors, Salesforce, Slack, and Stripe.

“Over the past few years, David and I have worked closely to drive 1Password’s growth, and his impact has been extraordinary,” said Jeff Shiner. “His expertise in scaling high-growth tech companies perfectly complements my focus on product innovation, and I'm thrilled that he agreed when I asked him to help lead 1Password into this next chapter. Together, we’re ready to seize the incredible opportunity in front of us to define Extended Access Management as a new cybersecurity category and drive sustainable growth for 1Password.”

Driving Operational Excellence for Sustained Growth

As co-CEO, Faugno will drive business strategy, overseeing growth initiatives, customer experience, and financial strategy to strengthen 1Password’s foundation for scalable growth. He’ll also continue to be instrumental in building the 1Password Extended Access Management ecosystem through strategic partnerships and integrations. Faugno, a technology leader with extensive experience in high-growth environments, joined 1Password in 2023 as President and COO, following several years in an advisory role. His extensive background includes positions such as Executive VP & CFO at Qualtrics, where he led IPO preparations and an $8 billion sale to SAP, and CFO at Barracuda Networks, where he guided 11 acquisitions and a successful IPO.

“By combining Jeff’s deep product expertise with my focus on operational strategy, we’re building a resilient foundation that will drive sustainable, long-term growth for 1Password,” said David Faugno. “The co-CEO model allows us to align strategically across all facets of the business—from advancing product innovation to strengthening our market presence and customer experience. This approach positions us to address today’s urgent security needs and establish 1Password as the defining leader in Extended Access Management, setting a new standard for secure, seamless access in the increasingly complex modern workplace.”

About 1Password

Trusted by over 150,000 businesses and millions of consumers, 1Password offers identity security and extended access management solutions built for the way people work and live today. 1Password is on a mission to eliminate the conflict between security and productivity while securing every sign-in for every app on every device. As the provider of the most-used enterprise password manager, 1Password continues to innovate on its strong foundation to offer security solutions relied upon by companies of all sizes, including Associated Press, Salesforce, Canva, Under Armour, and Intercom.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241112597808/en/