Fortinet Appoints Public Sector Leader and Tech Executive Derek Kan to Its Board of Directors
Rhea-AI Summary
Fortinet (Nasdaq: FTNT) appointed tech and public-sector leader Derek Kan to its board of directors. Kan brings experience in scaling technology businesses, deploying AI, and overseeing large, capital-intensive operations across government and industry.
His background includes leadership at Shopify and Deliverr, senior U.S. government roles, and multiple public-company board positions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Positive
- Adds experienced technology and public-sector leader Derek Kan to Fortinet’s board
- Board gains expertise in large-scale AI deployment across customer experience and operations
- New director has background managing a more than $4 trillion U.S. federal budget
- Experience overseeing regulatory frameworks for emerging technologies, including autonomous vehicles
- Director has prior company-building experience, including Deliverr’s $2.4 billion acquisition by Shopify
- Expanded governance depth through Kan’s service on multiple public-company and government boards
Negative
- None.
News Market Reaction – FTNT
On the day this news was published, FTNT declined 1.84%, reflecting a mild negative market reaction. Our momentum scanner triggered 7 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $2.09B from the company's valuation, bringing the market cap to $111.33B at that time.
Data tracked by StockTitan Argus on the day of publication.
SUNNYVALE, Calif., June 24, 2026 (GLOBE NEWSWIRE) -- Fortinet® (Nasdaq: FTNT), the global cybersecurity leader driving the convergence of networking and security, today announced the appointment of Derek Kan to its board of directors, contributing his deep expertise in scaling technology businesses, deploying AI, and governing large-scale, capital-intensive operations across the public and private sectors.
Derek is a seasoned public-company board member, senior executive, and company builder. His appointment further strengthens Fortinet's board with distinguished leadership experience across technology innovation and public policy.
“Derek brings a powerful combination of technology leadership, AI deployment experience, and public-sector governance to Fortinet’s board,” said Ken Xie, Founder, Chairman of the Board, and CEO of Fortinet. “As cybersecurity becomes increasingly central to enterprise and national security, Derek’s background navigating complex regulatory environments, overseeing critical infrastructure, and driving technology transformation at scale will be an invaluable asset.”
“Cybersecurity sits at the intersection of technology, policy, and national security, and Fortinet is a clear leader in that space,” said Derek Kan. “I’ve spent my career operating at this intersection, deploying AI at scale, and navigating the regulatory and policy environments that shape how technology gets built and adopted. I look forward to working with Fortinet’s board and leadership team as cybersecurity becomes a foundational infrastructure challenge of the AI era.”
Derek most recently served as an executive at Shopify following the 2022 acquisition of his company, Deliverr, for
Derek also serves on the boards of Toll Brothers, Globe Life Insurance Inc, and Oklo Inc, and as vice chairman of the U.S. Postal Service Board of Governors. Derek holds an MBA from the Stanford Graduate School of Business, where he graduated as an Arjay Miller Scholar.
About Fortinet
Fortinet (Nasdaq: FTNT) is a driving force in the evolution of cybersecurity and the convergence of networking and security. Our mission is to secure people, devices, and data everywhere, and today we deliver cybersecurity everywhere our customers need it with the largest integrated portfolio of over 50 enterprise-grade products. Nearly a million customers trust Fortinet's solutions, which are among the most deployed, most patented, and most validated in the industry. The Fortinet Training Institute, one of the largest and broadest training programs in the industry, is dedicated to making cybersecurity training and new career opportunities available to everyone. Collaboration with esteemed organizations from both the public and private sectors, including Computer Emergency Response Teams (“CERTS”), government entities, and academia, is a fundamental aspect of Fortinet’s commitment to enhance cyber resilience globally. FortiGuard Labs, Fortinet’s elite threat intelligence and research organization, develops and utilizes leading-edge machine learning and AI technologies to provide customers with timely and consistently top-rated protection and actionable threat intelligence. Learn more at https://www.fortinet.com, the Fortinet Blog, and FortiGuard Labs.
Copyright © 2026 Fortinet, Inc. All rights reserved. The symbols ® and ™ denote respectively federally registered trademarks and common law trademarks of Fortinet, Inc., its subsidiaries and affiliates. Fortinet’s trademarks include, but are not limited to, the following: Fortinet, the Fortinet logo, FortiGate, FortiOS, FortiGuard, FortiCare, FortiAnalyzer, FortiManager, FortiASIC, FortiClient, FortiCloud, FortiCore, FortiMail, FortiSandbox, FortiADC, FortiAgent, FortiAI, FortiAIOps, FortiAntenna, FortiAP, FortiAPCam, FortiAppSec, FortiAuthenticator, FortiBranchSASE, FortiCall, FortiCam, FortiCamera, FortiCarrier, FortiCART, FortiCASB, FortiCentral, FortiConnect, FortiController, FortiConverter, FortiDAST, FortiDATA, FortiDB, FortiDevice, FortiDDoS, FortiDeceptor, FortiDeploy, FortiDevice, FortiDevSec, FortiDLP, FortiEdge, FortiEDR, FortiEndpoint, FortiExplorer, FortiExtender, FortiFirewall, FortiFlex, FortiFone, FortiGSLB, FortiGuest, FortiHSM, FortiHypervisor, FortiIdentity, FortiInsight, FortiIsolator, FortiLink, FortiMonitor, FortiNAC, FortiNDR, FortiPAM, FortiPhish, FortiPoint, FortiPoints, FortiPortal, FortiPresence, FortiProxy, FortiRecon, FortiRecorder, FortiSASE, FortiSAT, FortiSEC, FortiSIEM, FortiSMS, FortiSOAR, FortiSOC, FortiSRA, FortiSwitch, FortiTelemetry, FortiTester, FortiTIP, FortiToken, FortiTrust, FortiVoice, FortiWAN, FortiWeb, FortiWiFi, FortiWLC, FortiWLM, FortiXDR, Lacework FortiCNAPP, Linksys, Intelligent Mesh, Velop, Max-Stream, Performance Perfected and SECURITY FABRIC. Other trademarks belong to their respective owners. Fortinet has not independently verified statements or certifications herein attributed to third parties and Fortinet does not independently endorse such statements. Notwithstanding anything to the contrary herein, nothing herein constitutes a warranty, guarantee, contract, binding specification or other binding commitment by Fortinet or any indication of intent related to a binding commitment, and performance and other specification information herein may be unique to certain environments.
| Media Contact: | Investor Contact: | Analyst Contact: |
| Stephanie Lira Fortinet, Inc. 408-235-7700 pr@fortinet.com | Anthony Luscri Fortinet, Inc. 408-235-7700 investors@fortinet.com | Sarah Goodwin Fortinet, Inc. 408-832-1428 sgoodwin@fortinet.com |
