{"id":223628,"date":"2026-06-01T10:48:00","date_gmt":"2026-06-01T14:48:00","guid":{"rendered":"https:\/\/testing.news-you-need.com\/index.php\/2026\/06\/01\/rapid7-replaces-ceo-corey-thomas-with-seasoned-tech-executive\/"},"modified":"2026-06-01T11:15:16","modified_gmt":"2026-06-01T15:15:16","slug":"rapid7-replaces-ceo-corey-thomas-with-seasoned-tech-executive","status":"publish","type":"post","link":"https:\/\/testing.news-you-need.com\/index.php\/2026\/06\/01\/rapid7-replaces-ceo-corey-thomas-with-seasoned-tech-executive\/","title":{"rendered":"Rapid7 replaces CEO Corey Thomas with seasoned tech executive"},"content":{"rendered":"

Rapid7 replaces CEO Corey Thomas with seasoned tech executive<\/a><\/p>\n

https:\/\/www.bostonglobe.com\/2026\/06\/01\/business\/rapid7-ceo-corey-thomas-replaced\/<\/a><\/p>\n

Publish Date: 2026-06-01 10:48:00<\/a><\/p>\n

Source Domain: www.bostonglobe.com<\/a><\/p>\n

Author: <\/a><\/p>\n

Using an unordered list, summarize the following article with between 4 and 8 key points. Rapid7 replaced chief executive Corey Thomas with seasoned tech executive Wael Mohamed on Monday, as the Boston cybersecurity firm fights to turn around slumping sales and profits.Thomas, who served as CEO for 13 years, will shift to executive chair of Rapid7\u2019s board. Mohamed, who joined Rapid7\u2019s board as part of a settlement with activist investor Jana Partners last year, has more than 30 years of experience in the industry and previously ran California cybersecurity company Forescout.Rapid7, considered a foundational cybersecurity company in Boston, has struggled with increased competition from larger players and new firms over the past few years. Sales rose just 2 percent to $860 million last year as profits declined 8 percent to $23 million. Sales this year are forecast to slip 2 to 3 percent, the company said last month.Rapid7\u2019s stock price had lost about two-thirds of its value over the past year, before the CEO announcement, and dropped 95 percent from a peak of over $140 in 2021. The shares gained 3 percent to $8.62 in morning trading after the announcement. Get Starting PointA guide through the most important stories of the morning, delivered Monday through Friday.\u201cI am committed to driving focus on the core businesses where Rapid7 is excellent and honing all of our resources and effort into the success of that vision,\u201d Mohamed said in a statement.The company thrived for years focusing on a niche segment of cybersecurity, helping companies identify vulnerabilities. But larger cyber players expanded their offerings to compete with Rapid7 and corporate customers began looking for more comprehensive solutions. As sales growth flagged and Rapid7\u2019s stock price slumped, New York hedge fund Jana Partners got involved in 2024, buying a stake in the company and pressuring for major changes, including in management.Thomas is one of the most prominent Black business leaders in Boston. He serves on the boards of financial firm LPL Financial, Blue Cross Blue Shield of Massachusetts, Vanderbilt University, the Federal Reserve Bank of Boston, and the Greater Boston Chamber of Commerce.Thomas had already reorganized Rapid7\u2019s sales efforts, cut costs through layoffs, and expanded the firm\u2019s cybersecurity offerings. As part of its turnaround effort, Rapid7 acquired Kenzo Security, which uses AI agents to protect customers\u2019 systems, for $25.5 million in March. The company has also replaced its chief financial officer, chief commercial officer, and chief product and technology officer over the past year.Aaron Pressman can be reached at aaron.pressman@globe.com. Follow him @ampressman.
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Rapid7 replaces CEO Corey Thomas with seasoned tech executive https:\/\/www.bostonglobe.com\/2026\/06\/01\/business\/rapid7-ceo-corey-thomas-replaced\/ Publish Date: 2026-06-01 10:48:00 Source…<\/p>\n","protected":false},"author":1,"featured_media":223630,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/bostonglobe-prod.cdn.arcpublishing.com\/resizer\/v2\/FZVFE47OW63TU63ZQDH76X46BQ.JPG?auth=61f5cac33bfdfe1350153f8c1906a445d7074c8e71d4f39be0393806df21fa49&width=1440","fifu_image_alt":"","footnotes":""},"categories":[15],"tags":[26,24],"class_list":["post-223628","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cybersecurity","tag-ai","tag-cybersecurity"],"_links":{"self":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/223628"}],"collection":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/comments?post=223628"}],"version-history":[{"count":1,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/223628\/revisions"}],"predecessor-version":[{"id":223631,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/223628\/revisions\/223631"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/media\/223630"}],"wp:attachment":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/media?parent=223628"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/categories?post=223628"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/tags?post=223628"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}