David Faugno

Chief Executive Officer 1Password

Last Reviewed: September 19, 2026

Executive Summary

David Faugno is Chief Executive Officer of 1Password, the Toronto company that began in 2005 as a consumer password manager and now sells enterprise access management. His route to the job is unusually long and unusually legible: he met the company as an investor, sitting on the other side of its 2019 Series A as a partner at Accel, then advised it for several years, joined in September 2023 as its first-ever president and chief operating officer, became co-CEO alongside thirteen-year chief executive Jeff Shiner in November 2024, and took the role outright in July 2025 when Shiner moved to executive chair. The logic of the appointment is in his background — CFO of Barracuda Networks through eleven acquisitions and an IPO, then EVP and CFO of Qualtrics through IPO preparation and an $8 billion sale to SAP. 1Password did not hire a security executive; it hired someone who has taken companies through the financial machinery of scale twice.

Career Highlights

• Chief Executive Officer of 1Password since July 2025, and a member of its board of directors.
• Served as co-CEO alongside Jeff Shiner from November 2024, with responsibility for business strategy, growth initiatives, customer experience and financial strategy while Shiner led engineering and security.
• Became 1Password’s first-ever president and chief operating officer in September 2023, charged with scaling the company into new markets and product offerings.
• Drove the Extended Access Management launch in May 2024 and the integration of the acquired Kolide, and built out the XAM partner ecosystem with Google Workspace, CrowdStrike and Microsoft.
• Was Executive Vice President and CFO of Qualtrics, leading preparation for its IPO and its $8 billion sale to SAP.
• Was Chief Financial Officer of Barracuda Networks, overseeing eleven acquisitions and an IPO.
• Was a partner at Accel, the lead investor in 1Password’s 2019 Series A, and advised the company for several years before joining it.

Professional Journey

Faugno built his career as a finance executive in security and enterprise software. At Barracuda Networks he was Chief Financial Officer through a period of aggressive consolidation, overseeing eleven acquisitions and taking the company public. He then became Executive Vice President and Chief Financial Officer of Qualtrics, where he led the preparations for an initial public offering that was overtaken by a different outcome: SAP acquired the company for $8 billion. Between them those two jobs cover most of the transitions a private software company can face — serial acquisition, a public listing, and a trade sale at scale.

His connection to 1Password began in 2019, from the investor’s chair. 1Password had run for fourteen years without institutional capital, bootstrapped from Toronto, before raising a Series A led by Accel; Faugno was a partner there. He stayed close to the company afterwards in an advisory capacity, an arrangement that lasted roughly six years in total.

In September 2023 he crossed over, becoming the first person to hold the title of president and chief operating officer at 1Password. The brief was scale: new markets, new product lines, and the infrastructure to support both. That period coincided with the company’s most significant strategic move, the acquisition of Kolide and the launch in May 2024 of Extended Access Management — an attempt to define a new cybersecurity category around the gap between managed corporate devices and the unmanaged applications and machines people actually use.

On 12 November 2024, 1Password made him co-CEO. The division of labour was explicit and played to type: Shiner, who had run the company for thirteen years and grown it from under a dozen people to more than 1,300 across five countries, kept the areas rooted in his technical background — engineering, security, overall product vision — while Faugno took business strategy, growth, customer experience and financial strategy. Shiner described the pairing as Faugno’s experience scaling high-growth technology companies complementing his own focus on product innovation.

The co-CEO arrangement lasted eight months. On 16 July 2025 1Password announced that Shiner would become Executive Chair of the Board, remaining involved in long-term strategy, and that Faugno would continue as sole CEO and join the board. It is worth being precise about this, because handovers of this shape are frequently misread: Shiner did not leave the company, and Faugno’s tenure as chief executive runs from July 2025, not from the co-CEO appointment eight months earlier.

1Password today reports $400 million in annual recurring revenue, more than 200,000 business customers including over 30% of the Fortune 100 and two-thirds of the Forbes AI 50, 1,400-plus employees, and 1.3 billion credentials secured with end-to-end encryption. Faugno leads an executive team of nine and sits on a board that includes the company’s founder, Sara Teare, alongside partners from Accel and ICONIQ.

Education

No education record was established for David Faugno. 1Password’s Company page lists executives by name and title only and publishes no biographies, and neither of the two dated reports of his appointments mentions a degree or an institution. No other primary or first-party source was located within the research budget for this profile. The field is left empty rather than filled from aggregator data.