Rapid7 said Wael Mohamed will take over as chief executive officer immediately, while Corey Thomas moves to executive chairman.
The leadership change comes as the company reiterated its second-quarter and full-year 2026 guidance.
Mohamed arrives with more than 30 years in cybersecurity and operational transformation. He founded Global Forward Capital, previously ran Forescout as CEO, and spent 11 years at Trend Micro in roles that culminated in president, COO, and board member.
Thomas had led Rapid7 as CEO for more than 13 years. In his new role, he will focus on technology vision, AI strategy, and policy initiatives.
Rapid7 said it has also recently refreshed its senior leadership team with Rafe Brown as chief financial officer, Allan Peters as chief commercial officer, and Dan Deklich as chief product and technology officer.
The company said the transition is tied to its push into the AI-SOC market and follows its acquisition of Kenzo, an AI security platform.
Rapid7 said its platform serves more than 11,500 customers worldwide. The market has reacted to these announcements by moving the company's shares 2.03% to a price of $8.55. For the full picture, make sure to review Rapid7's 8-K report.
