Appointed CEO of Virgin Atlantic Joins Check Point’s Board

Shai Weiss, appointed CEO of U.K.-based airline Virgin Atlantic Airways Ltd., has joined the board of directors of Nasdaq-listed network and cloud security company Check Point Software Technologies Ltd., the latter announced Monday.

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Weiss will replace David Rubner, founder and former president and CEO of Israel-based telecommunications equipment supplier ECI Telecom Ltd., who is retiring after 20 years on the board.

Before joining Virgin Atlantic in 2014, Weiss was an investment partner at the airline’s parent company, Virgin Management Ltd.

Founded in 1993, Tel Aviv-based Check Point develops firewall services for governments and companies, with over 100,000 organizations currently using its products, according to company statements.

Check Point reported revenue of $470.82 million for the third quarter of 2018, a 4% increase compared to the same period last year, and a non-GAAP net income of $250 million for the quarter, meaning non-GAAP earnings per diluted share of $1.38, a 6% year over year increase.