Okta, Inc., a prominent identity and access management company, has announced that its Chief Legal Officer (CLO) and Corporate Secretary, Larissa Schwartz, will step down from her role effective July 31, 2026. Following her departure, Schwartz will continue to serve as a senior advisor to the company through January 31, 2027. ([tipranks.com](https://www.tipranks.com/news/company-announcements/okta-announces-planned-transition-of-chief-legal-officer?utm_source=openai))
Schwartz joined Okta in 2019, overseeing the company’s legal, compliance, and governance functions. During her tenure, she played a pivotal role in navigating the company through various legal landscapes and contributed significantly to its corporate governance. ([api.finexus.net](https://api.finexus.net/api/news/earnings/13242/html?utm_source=openai))
In her advisory capacity, Schwartz will receive a monthly stipend of $21,483 and will be eligible for continued benefits and equity vesting as per the terms of her existing awards. Additionally, she is entitled to a nine-month severance package, ensuring a smooth transition within Okta’s legal department. ([api.finexus.net](https://api.finexus.net/api/news/earnings/13242/html?utm_source=openai))
The company has not yet announced a successor for the CLO position. Okta’s leadership team, under the guidance of CEO Todd McKinnon, is expected to initiate a search for a new legal head to continue the company’s commitment to robust legal and compliance standards. ([okta.com](https://www.okta.com/company/leadership/?utm_source=openai))
This transition marks a significant change in Okta’s executive leadership, reflecting the company’s ongoing evolution in the identity and access management sector.