Cybereason Inc.’s chief has stepped down following a months-long feud with investors SoftBank Group Corp. and former US Treasury Secretary Steven Mnuchin that’s stalled decision-making at the cash-strapped startup.
Eric Gan resigned after a boardroom battle erupted at the La Jolla, California-based cybersecurity company, which has been struggling to raise money and stem losses. A planned merger with Chicago-based peer Trustwave Holdings Inc. has also been terminated, according to a person familiar with the matter.