HERZLIYA, Israel--Cognyte Software Ltd., a global leader in investigative analytics software, today announced that Dan Bodner, the chairman of our Board of Directors, has decided not to stand for reelection to the Company’s Board of Directors at the upcoming 2023 annual shareholder meeting. The Board of Directors resolved to name Earl Shanks as its new chairman and to reduce its size to seven members, all effective immediately after the 2023 annual shareholders meeting.
“Cognyte is a leader in investigative analytics, with tremendous potential for future growth. I have served as Chairman of Cognyte’s Board since it spun off from Verint, becoming a standalone public company. I believe this is the right time for me to focus exclusively on my role as Chairman and CEO of Verint, and I am pleased the Cognyte Board of Directors has chosen Earl to become the new chairman,” said Mr. Bodner.
Earl Shanks has been a director of Cognyte since the spin-off from Verint, and previously served as a director of Verint at the time that Cognyte was a business unit within Verint. Mr. Shanks added, “On behalf of the Board, I would like to express my deep appreciation to Dan and his many contributions, including guiding Cognyte to becoming an independent public company. Looking ahead, I believe Cognyte has a significant growth opportunity, and am very excited about Cognyte’s future.”
