BOSTON - Skillsoft (NYSE:SKIL) announced Monday that Art Gilliland joined its board of directors, effective March 25, 2026, according to a press release statement.
Gilliland serves as chief executive officer of Delinea, an identity security company. He brings over 25 years of experience in enterprise software and cybersecurity, having previously led the Symantec Enterprise Division at Broadcom following its acquisition. He has also held senior positions at Skyport Systems, HP, and Symantec.
At Broadcom, Gilliland oversaw integration and operations of the Symantec Enterprise Division. Before joining Delinea, he served as president and CEO of Skyport Systems, a managed secure infrastructure provider acquired by Cisco Systems.
Ron Hovsepian, chief executive officer and executive chairman of Skillsoft, said Gilliland’s experience in cybersecurity, enterprise software, and AI aligns with the company’s direction. Hovsepian noted that Gilliland’s independence as a director would support the company’s platform advancement.
Gilliland stated that AI is changing work processes and raising questions about trust, access, and accountability. He said Skillsoft is positioned to help organizations develop skills and decision-making frameworks.
Gilliland currently serves on the board of directors at Delinea. He previously served as a board member at OneSpan and Gigamon. He holds a bachelor’s degree in economics from Carleton College and an MBA from Harvard Business School.
Skillsoft describes itself as a skills management platform provider. The company reports serving thousands of organizations, including 60% of the Fortune 1000, with a global community of over 105 million learners.The board addition comes as Skillsoft navigates challenging market conditions, with shares down 78% over the past year to $4.24. The company maintains impressive gross profit margins of 74%, and according to InvestingPro analysis, the stock appears undervalued at current levels. Analysts expect the company to return to profitability this year after recent losses. For deeper insights, investors can access Skillsoft’s comprehensive Pro Research Report, available for this and 1,400+ other US equities on InvestingPro.
In other recent news, Skillsoft has received a non-compliance notice from the New York Stock Exchange. The notice, dated March 26, highlights that Skillsoft’s 30 trading-day average market capitalization has fallen below $50 million. Additionally, the company’s stockholder’s equity as of October 31, 2025, was less than $50 million. As a result, Skillsoft is not in compliance with Section 802.01B of the NYSE Listed Company Manual. The NYSE has granted the company an 18-month period to address these deficiencies. This period is contingent upon NYSE’s approval of Skillsoft’s business plan. These developments indicate the company’s current financial challenges.
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