ServiceNow Inc. named Hossein Nowbar as its new President and Chief Legal Officer. Nowbar previously served as Chief Legal Officer at Microsoft Corp. He replaces Russell Elmer, the long-serving general counsel, who transitions into a special counsel role.
Nowbar brings nearly three decades of experience from Microsoft. ServiceNow views this expertise as crucial for expanding its enterprise software and AI platforms. The high-profile appointment signals ServiceNow’s ambition to solidify its market position.
The executive change follows a period of significant corporate activity for the company. ServiceNow recently extended CEO William McDermott's contract through 2030. The company also announced its largest-ever acquisition, cybersecurity firm Armis.
No specific market reaction or analysis regarding the announcement is currently available.