Carbonite, Inc. announced that Steve Munford, Chairman of the company's Board of Directors, has been named Interim Chief Executive Officer and Executive Chairman of the Board, effective immediately. This appointment follows Mohamad Ali's decision to step down as President, CEO and member of the Company's Board in order to pursue other professional opportunities in the media and research industry. Mr. Munford has nearly two decades of executive leadership experience in the security software industry, with a strong track record of driving operational execution.

He has served as a member of the Carbonite Board since January 2014, and as Chairman of the Board since March 2016. Most recently, Mr. Munford served as Interim CEO of Absolute Software Corporation, where he helped refocus the company's growth strategy and oversaw the transition to a permanent CEO.