Palo Alto Networks Reports Director Appointment and Retirement
Summary
Palo Alto Networks announced the appointment of Mark Goodburn to its Board of Directors and the retirement of Mary Pat McCarthy, effective January 23, 2026 (via Ex. 99.1). On November 18, 2025, Mr. Goodburn was appointed as a Class I director and chair of the Audit Committee. Ms. McCarthy, one of the company's longest-serving board members, stepped down as Audit Committee chair on November 18, 2025, and will remain a committee member until her retirement. * Mr. Goodburn previously served as Chairman and Global Head of Advisory of KPMG International from 2011 to 2021. * Ms. McCarthy retired voluntarily for strictly personal reasons.
Why It Matters
The appointment of Mark Goodburn, a seasoned leader from KPMG International, as a new director and chair of the Audit Committee, along with the retirement of long-serving director Mary Pat McCarthy, signals a significant change in board composition and oversight, particularly for financial reporting.
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Key Quote
“On November 18, 2025, the Board appointed Mark Goodburn to the Board, to serve as a Class I director whose term expires at the Company's annual meeting of shareholders to be held in 2027.”
— From Item 5.02
Filing Details
Reported Items
Additional Information
- CIK Number
- 0001327567
- Filing Date
- Wednesday, November 19, 2025
- Filing Time
- 12:00 AM UTC
- Form Type
- 8-K
- Materiality Level
- high
- Sentiment
- neutral