Vertex President, CEO David DeStefano To Retire, Effective Nov. 10; Christopher Young Named Successor

Author: Benzinga Newsdesk | October 21, 2025 07:33am

Vertex, Inc. (NASDAQ: VERX) ("Vertex" or the "Company"), a leading global provider of indirect tax solutions, today announced that David DeStefano will retire as President and Chief Executive Officer, effective November 10, 2025. Following an extensive search process, with the assistance of a leading independent search firm, the Board of Directors has named Christopher Young to succeed David as Vertex's President and Chief Executive Officer, at which point he will also be appointed to the Vertex Board. David will serve as non-executive Chairperson of the Vertex Board.

Christopher is a seasoned executive, investor, and board director with a distinguished track record of leadership over almost three decades in enterprise technology. Most recently, he served as Executive Vice President, Business Development at Microsoft, reporting directly to its Chairman and CEO, responsible for assessing opportunities for growth while overseeing the Company's business development, venture investing, and corporate strategy groups. During his tenure, Christopher helped shape Microsoft's investment agenda in artificial intelligence and other emerging technologies, while also forging strategic transformative alliances. Prior to his time at Microsoft, Christopher served as CEO of the enterprise-focused cybersecurity firm McAfee, helping lead its spinoff from Intel in 2017 and spearhead its transition to the cloud. Previously, Christopher served as Senior Vice President for the Security business at Cisco Systems, where he transformed the strategic profile of its security business, growing the business into a recognized leader.

Posted In: VERX