<|begin_of_text|><|begin_of_text|><|begin_of_text|>McChord, who started the online security company Datto in 2007 in his father's basement, will step down as CEO.
McChord, who started the online security company in 2007 in his father's basement,<wm> has decided to step down as CEO, effective immediately.
He will remain CEO of the company he co-founded until he is replaced, and his son, who has been quietly running Datto as CEO under a holding company that handles day-to-day management, has agreed to remain CEO for a fixed term of seven and one-half years. That means the company must be sold within the next two and one-half years before McChord's replacement can take over.
If Datto has become profitable and profitable on</wm> any one-year basis during a financial condition of McChord remaining CEO and with his sons serving at