Check Point Chairman Marius Nacht Steps Down After 27 Years at the Company

Marius Nacht is leaving Check Point almost three decades after he took part in founding the Israeli information security company.

Check Point’s CEO Gil Shwed announced Wednesday that Nacht, who has served as chairman of the board since 2015, has asked not to stand for re-election at the upcoming shareholders' meeting. Nacht will be replaced by the board’s vice chairman Jerry Ungerman. The date of the meeting has yet to have been set.

  This is Nacht's second farewell announcement in a month. Three weeks ago he left the Digital Bank project where he held equal shares with Mobileye CEO Amnon Shashua. The two then announced that Shashua would take control of the bank, in light of Nacht's desire to focus on new and significant health and biomedical projects.

"Twenty-seven years after co-founding Check Point, I conclude my role as Chairperson of the Board with great pride and confidence in the company and its crucial contribution to its partners and customers worldwide. As the world continues to be more connected and the dependence on digital platforms grows – the need for comprehensive and trusted cybersecurity is more important than ever," Nacht said in a statement Wednesday evening.

“Since the creation of Check Point in 1993, Marius has been one of the founding fathers of Israel’s leading high-tech industry. I am confident that he will reach this level of success in his current initiatives in the healthcare industry,” Shwed said. “On behalf of all of us at Check Point, we want to thank Marius for his tremendous contribution to Check Point and to Israel’s economy. Check Point’s Board of Directors has played a key role in the company’s global success, and we are confident that it will continue to do so under Jerry’s leadership.”

Check Point is trading on the NASDAQ Market at $ 15.6 billion, down 5.5% from the beginning of the year.