McAfee has announced three new additions to its senior management team.

The anti-virus giant has appointed Martin Carmichael as its new CSO, Bill Curtis as chief process officer and Carl Banzhof as vice president and chief technology evangelist.

The new management team will aid in the development of new products and services and the implementation of the organization's operations and business infrastructure, the company said in a news release.

The security firm plans to lay off around 125 employees, mainly in its sales and marketing divisions, according to press reports. This will allow the company to focus on security risk management solutions, according to McAfee