Summary by Futu AI
SentinelOne, Inc., a cybersecurity firm based in Mountain View, California, has announced a significant change in its executive team. Effective March 19, 2024, Mr. Narayanan "Vats" Srivatsan transitioned from his role as Chief Operating Officer to the newly created position of Chief Business Officer. In his new capacity, Mr. Srivatsan will concentrate on developing alliances, strategic initiatives, and exploring growth and expansion opportunities for SentinelOne. The company has updated Mr. Srivatsan's employment agreement to reflect his new role. Additionally, the agreement includes a provision for a twelve-month consulting contract for Mr. Srivatsan under certain conditions if he departs from the company within the current year. This organizational change was reported in a Form 8-K filing with the United States Securities and Exchange Commission on March 21, 2024.