David Faugno Becomes Co-CEO of 1Password, Joining Jeff Shiner in Leadership Role

Toronto-based 1Password, a leader in cybersecurity and password management, has announced a major shift in its executive leadership. The company has appointed David Faugno as co-CEO alongside Jeff Shiner, who has been leading 1Password since its inception. Faugno, who previously served as 1Password’s president and chief operating officer, will now partner with Shiner to guide the company through its next phase of expansion. This move comes after Faugno’s significant contributions to the company, which include overseeing the launch of the Extended Access Management (XAM) offering and helping 1Password secure multiple global partnerships.

Faugno’s journey with 1Password dates back to around six years ago when he first became involved with the company in an advisory capacity following 1Password’s Series A funding round in 2019. As a partner at Accel, the lead investor in the round, Faugno was instrumental in providing strategic insights and connecting 1Password with potential business opportunities. His deep expertise in scaling high-growth technology companies and navigating complex business challenges made him an invaluable asset to the company.

In September 2023, Faugno was appointed as the company’s first-ever president and COO, tasked with overseeing the scaling of 1Password’s operations and expanding its reach into new markets. During this time, Faugno played a pivotal role in leading the company through a period of significant growth, helping to refine 1Password’s business strategy and guide the development of new products and services. One of his key initiatives was the launch of Extended Access Management (XAM), a solution designed to give organizations enhanced control and security over their digital environments, including secure access to critical systems and sensitive information. This offering has been a critical part of 1Password’s strategy to define a new cybersecurity category that addresses evolving security challenges in an increasingly complex digital landscape.

In his new role as co-CEO, Faugno will continue to work closely with Shiner to drive 1Password’s strategic direction and ensure the company’s long-term growth. Shiner, who will remain focused on product innovation, praised Faugno’s contributions to the company, calling him “extraordinary” for his ability to scale operations and navigate the fast-paced tech industry. Shiner emphasized that Faugno’s expertise complements his own focus on product development, and together, they are poised to seize the opportunities ahead.

The appointment of Faugno as co-CEO comes at a critical time for 1Password, as the company is gaining traction in the cybersecurity space with a growing customer base and expanding product offerings. With Faugno’s operational expertise and Shiner’s product innovation leadership, the two are positioned to lead 1Password as it continues to grow its global footprint and define new cybersecurity solutions.

The two executives have made it clear that their combined leadership will be integral to shaping the company’s future. Faugno’s role will focus on scaling the company’s operations, exploring new markets, and further developing its business strategy. Shiner’s focus will remain on leading the product vision and innovation, ensuring that 1Password stays at the forefront of the cybersecurity industry.

1Password’s leadership change also highlights the company’s commitment to evolving and adapting to the growing demands of the digital security landscape. With an increasing number of businesses looking for comprehensive and scalable cybersecurity solutions, 1Password is well-positioned to meet the needs of both large enterprises and small to mid-sized organizations. As cybersecurity threats continue to evolve, 1Password’s continued innovation and commitment to customer-centric solutions are key factors that will contribute to its sustained growth and success.

With the new co-CEO leadership structure, 1Password aims to not only strengthen its product portfolio but also cement its position as a leader in the cybersecurity industry. The company is focused on driving sustainable growth, expanding into new global markets, and building on the momentum generated by the successful launch of its Extended Access Management offering. This leadership change reflects 1Password’s readiness to tackle the future of cybersecurity and capitalize on the growing demand for secure, user-friendly solutions that protect sensitive data and digital assets.