FireEye CEO steps down

FireEye chief executive officer David DeWalt will step down.

He will be replaced by forensics boss Kevin Mandia, the current chief executive officer of FireEye subsidiary Mandiant.

FireEye splurged US$1 billion acquiring the prominent forensics firm in July 2014 and has since bought other well-known security firms including iSight Partners in January for some US$200 million.

The firm's shares dropped some nine percent after it revealed losses increased to US$155.9 million compared to first quarter 2015 losses of US$134 million. ®

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