SafeNet appoints Prakash Panjwani as its new CEO

June 12, 2014

SafeNet, an data encryption company based in Harford County, announced Thursday the appointment of Prakash Panjwani as president and CEO. The 12-year SafeNet veteran most recently served as vice president and general manager of the company's data protection branch.

Panjani's tenure comes at a crucial time for the information-protection industry, the company said. In January, more than 309,000 identities were exposed in an February breach at the University of Maryland. P.F. Chang's became the latest U.S. company to investigate a major credit card breach Tuesday.

"The current opportunity for SafeNet is immense — what we do is more relevant and more important than ever before and we do it better than anyone else in the industry," Panjwani said.

Panjwani succeeds former president and CEO Dave Hansen, who left the company for personal reasons. The company has about 1,600 employees.

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