F5 Networks Appoints François Locoh-Donou as President and CEO
January 30 2017 - 4:07PM
Business Wire
John McAdam, longtime leader, to remain on
F5 Board of Directors
F5 Networks (NASDAQ:FFIV) announced today that François
Locoh-Donou has been named the company's President and Chief
Executive Officer and a member of F5's Board of Directors,
effective April 3, 2017.
Locoh-Donou succeeds current President and CEO, John McAdam, who
will remain a Director on F5’s Board upon his retirement on April
3, 2017. Since McAdam joined in 2000, he has led F5 to $2.0 billion
in annual revenue, with 49 of the Fortune 50 as customers, and
numerous industry and community awards.
“I am honored to take on the CEO role at F5,” said Locoh-Donou.
“I have admired John’s stewardship of the company’s values and
vision and I bring a shared commitment to grow F5’s people,
partnerships, product and services portfolio, in response to the
increasing cloud and security demands of F5’s customers.”
Locoh-Donou currently serves as Senior Vice President and Chief
Operating Officer of Ciena, a network strategy and technology
company. He previously held successive leadership positions at
Ciena, including Senior Vice President, Global Products Group; Vice
President and General Manager, EMEA; Vice President, International
Sales; and Vice President, Marketing. Prior to Ciena, Locoh-Donou
held research and development roles with Photonetics, a French
opto-electronics company.
“What attracted us from the beginning of the CEO selection
process was François’ multidisciplinary and multinational
experience, ranging from product development to operations to
sales,” said McAdam. “His track record at Ciena demonstrates he
possesses the foresight and leadership to execute major market
transitions, without compromising the best of a company’s technical
heritage or strong organizational culture.”
Locoh-Donou also serves on the advisory board of Jhpiego, a
non-profit global health affiliate of Johns Hopkins University
dedicated to providing high-quality healthcare for women and their
families in developing countries. He holds engineering degrees from
École Centrale de Marseille and Télécom ParisTech in France and a
M.B.A. from the Stanford Graduate School of Business.
“At a time when F5 is expanding its partnerships and products
into cloud and security markets, François brings a renewed sense of
purpose to F5’s original vision: applications without constraints,”
said Al Higginson, Chairman of F5’s Board of Directors. “On behalf
of the Board, we thank John for his 16 years at the helm of F5. The
company’s success is due in such a large part to his unflagging
attention to the needs of F5’s employees, customers and
shareholders. John turns F5 over to François with considerable
momentum already in motion from a return to product revenue growth
and a healthy pipeline of new products.”
For additional details on F5’s CEO appointment, please read
McAdam’s blog at
https://f5.com/about-us/blog/articles/internal-email-from-john-mcadam-announcing-new-ceo-24887.
About F5
F5 (NASDAQ: FFIV) makes apps go faster, smarter, and safer for
the world’s largest businesses, service providers, governments, and
consumer brands. F5 delivers cloud and security solutions that
enable organizations to embrace the application infrastructure they
choose without sacrificing speed and control. For more information,
go to f5.com. You can also follow @f5networks on
Twitter or visit us
on LinkedIn and Facebook for more information
about F5, its partners, and technologies.
F5 is a trademark or service mark of F5 Networks, Inc., in the
U.S. and other countries. All other product and company names
herein may be trademarks of their respective owners.
Forward Looking Statements
Certain statements in this press release are “forward-looking
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995. Words indicating future events, performance,
results and actions, such as “will” and “expect”, and variations of
such words, and similar expressions identify forward-looking
statements, but their absence does not mean that a statement is not
forward-looking. The forward-looking statements in this release
include, among others, statements regarding management secession
and Board of Directors matters. Forward-looking statements are not
guarantees of future actions, events, results or performance, which
may vary materially from those expressed or implied in such
statements. Differences may result from, among other things,
actions taken by the Company or its management or Board, as well as
those beyond the Company’s control, including those taken by third
parties. Such risks and uncertainties include, but are not limited
to, timing and integration of management and Board changes (and
related arrangements) and changes in strategic and other business
objectives. For more information on factors that may affect future
performance, events, results or actions, please review “Risk
Factors” described in the Company’s most recent Annual Report on
Form 10-K and any subsequent Quarterly Reports on Form 10-Q filed
with the SEC, as well as other public filings with the SEC. These
forward-looking statements reflect the Company’s expectations as of
the date hereof, and the Company undertakes no obligation to update
the information provided herein.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170130006057/en/
F5 NetworksNathan Misner, 206-272-7494n.misner@f5.comorJohn
Eldridge, 206-272-6571j.eldridge@f5.com
F5 (NASDAQ:FFIV)
Historical Stock Chart
From Aug 2024 to Sep 2024
F5 (NASDAQ:FFIV)
Historical Stock Chart
From Sep 2023 to Sep 2024