Snyk CEO bails, wants someone with more AI experience to replace him

The CEO of code review platform provider Snyk has announced he will stand down so the company can find someone better-equipped to steer the company into the age of AI.

“This is a deeply emotional decision. I love this business, I hold this team dear, and my conviction in our mission has never been higher,” CEO Peter McKay wrote on Thursday. “But after much contemplation—and with the full support of our Board—I believe the right path forward for Snyk’s next decade is to bring in a leader with deep roots in product innovation and AI.”

McKay pointed to his achievements as CEO – winning 4,800 customers and $325 million in annual revenue – and the company’s “monumental pivot to become the leader in AI-native security.”

He suggested those successes beg the question of why he thinks it’s time to leave.

“The answer is simple: The opportunity ...