Zscaler drops as company president resigns, set to join private tech company as CEO
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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.