SoftBank-Backed Cybereason CEO Quits After Boardroom Turmoil (2)

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.

Eric Gan

Source: Eric Gan

Gan, a former SoftBank executive who helped the tech investor build telecom infrastructure in Japan, sued Mnuchin and the Vision Fund last month, ...