- Zscaler ( NASDAQ: ZS ) shares dropped nearly 5% in premarket trading on Tuesday as the company's president, Dr. Amit Sinha, resigned .
- Dr. Sinha, who will remain on Zscaler's ( ZS ) board of directors, is slated to take the Chief Executive Officer role of a privately-held technology company.
- Dr. Sinha's resignation is effective October 21, 2022 and functions that reported to him, including R&D, cloud operations and customer support, will now report directly to Zscaler's ( ZS ) Chairman and Chief Executive Jay Chaudhry.
- Earlier this month, investment firm Jefferies said that "winter came quick" for the software space, with Zscaler ( ZS ) among those companies having the most to lose .
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Zscaler drops as company president resigns, set to join private tech company as CEO