David Faugno

From 1992 to 2000, David Faugno held various finance and operational roles at telecommunications company AT&TAT&TAT&T (AT&T Inc.) is a telecommunications company headquartered in Dallas, Texas. Its predecessor was SBC Communications, a regional holding company created in the 1984 breakup of the Bell System; SBC merged with the original AT&T Corp. in 2005 and adopted its name, and it has since operated a nationwide wireless network and fiber broadband, at one time also owning DIRECTV and WarnerMedia.Open the full entry, including chief financial officer of AT&T’s Europe, Middle East and Africa (EMEA) region.⁠[1][2]

From May 2001 to January 2002 he was chief financial officer of wireless infrastructure software company Soltima Inc.; from March 2002 to July 2004 he was chief financial officer and vice president of operations at wide area storage vendor Actona Technologies.⁠[1]

After Cisco Systems acquired Actona Technologies in July 2004, he joined Cisco, serving as director of corporate finance for mergers and acquisitions until February 2006.⁠[1]

Beginning in March 2006, he served as chief financial officer of IT security company Barracuda Networks for more than ten years, during which the company grew from about 100 to 1,500 employees. From April to November 2012 he also served in the office of the president and CEO. He led more than 11 acquisitions and helped lead the company’s 2013 initial public offering.⁠[1][3]

He was named CFO of the Year by Francisco Partners in 2012 and by the Silicon Valley Business Journal in 2013.⁠[2]

In November 2017, experience management company Qualtrics appointed him chief financial officer, based at its headquarters in Provo, Utah. At Qualtrics he served as executive vice president, chief financial officer and a member of the Office of the CEO, leading the company’s IPO roadshow and its sale to SAP.⁠[3][4]

He later became a venture partner at venture capital firm Accel. After Accel led 1Password’s Series A in 2019, he advised 1Password as a partner representing Accel; he also served as an advisor, board member and audit committee chair for several fast-growing technology companies.⁠[2][5][4]

In September 2023, he joined 1Password as its first president and chief operating officer, tasked with helping the company scale into new markets and product offerings.⁠[4][5]

In November 2024, he and Jeff Shiner became co-CEOs of 1Password effective immediately, with Faugno leading business strategy, including growth initiatives, customer experience and financial strategy, and Shiner leading product strategy.⁠[6]

In July 2025, Jeff Shiner became executive chair of the board, and Faugno continued to lead the company as CEO and was appointed to the board of directors.⁠[7][8]

In November 2025, as 1Password’s annual recurring revenue (ARR) passed $400 million, he said that at its scale and profitability the company “could be public today,” but that he wanted predictable, repeatable results first, and he declined to say when an IPO might happen; he expected the company to scale toward $1 billion in ARR.⁠[9]

On October 22, 2026, 1Password announced that its ARR had surpassed $500 million. In the announcement he said people need to remain in control of what AI agents can access and do, framing the company’s role as giving agents a trusted way to act on people’s behalf.⁠[10]

He holds a bachelor’s degree in accounting from Rutgers University and an Executive MBA from Duke University.⁠[1][2]

1Password: Official website: https://1password.com/ (opens in a new window)⁠[8]