Welcome!

News Feed Item

Akamai Announces CEO Succession

CAMBRIDGE, Mass., Dec. 17, 2012 /PRNewswire/ -- 

  • Tom Leighton, Akamai Co-Founder, to become CEO effective January 1, 2013
  • Company to host Investor Summit on March 11, 2013

Akamai Technologies, Inc. (NASDAQ: AKAM) today announced that the Akamai Board of Directors has elected company Co-Founder and Chief Scientist, Dr. Tom Leighton to become CEO of Akamai effective January 1, 2013.  He will succeed Paul Sagan who announced earlier this year that he intended to step down as chief executive by the end of 2013.  Dr. Leighton and Mr. Sagan will remain Akamai directors, and Mr. Sagan will become a senior advisor to the company, working with Dr. Leighton on business strategy and to ensure a smooth management transition. 

(Logo: http://photos.prnewswire.com/prnh/20100225/AKAMAILOGO )

The company also announced today that it will host an investor summit at the Boston Marriott Cambridge on Monday, March 11, 2013, for Akamai management to present key company priorities, product roadmaps and insights into major IT trends related to security, cloud computing, mobile, video, and big data.

Since co-founding Akamai in 1998, Dr. Leighton has been responsible for Akamai's technology vision and has been one of the principal architects of the company's strategic direction while serving as Chief Scientist, as a member of Akamai's senior executive team, and on the Board of Directors.  Dr. Leighton is a renowned Internet technologist and has been a key driver of Akamai's transformation from Internet startup to leading cloud infrastructure services platform.  He has played a major role in charting the course for many of Akamai's key product innovations, strategic accomplishments, and technological breakthroughs, from site and application acceleration to Web security and cloud infrastructure services.

"Akamai is extremely fortunate to have such an outstanding executive with Tom's business and technology experience to lead Akamai's next phase of growth," said Mr. Sagan.  "He is an innovator with a deep understanding of the shifting landscape in public and private clouds, distributed computing platforms, and Internet security.  Tom has earned the trust and respect of our customers, partners, employees, and shareholders through his hard work and vision over the past 14 years.  He is supported by a highly experienced management team, and I join in the Board's unanimous support and confidence in Tom's ability to continue driving Akamai forward."

"We've made tremendous progress building Akamai by developing innovative cloud infrastructure services while continuing to grow our content delivery services," said Dr. Leighton.  "I am proud of what we have accomplished as a team, but I'm even more excited about the opportunities that lie ahead, driven by the pervasive use of the Internet in today's hyperconnected world.  Akamai is extremely well positioned to offer innovative new solutions on our unique Intelligent Platform that are designed to help our customers succeed by harnessing the power of cloud computing, mobile solutions, online video, and big data, all while protecting their business from the increasing threat of cyber attacks."

The company announced in April that it was starting an independent director-led search to name a new CEO to succeed Mr. Sagan, who has served as CEO since 2005.  Under Mr. Sagan's leadership, the company surpassed $1 billion dollars in annual revenue, completed numerous strategic acquisitions, and emerged as a leader in Internet performance and cloud infrastructure services.  "Working with Paul for more than a decade has been a tremendous experience," said Dr. Leighton, "and I look forward to continuing to collaborate closely with him in the future."

"When we began evaluating our options for the next CEO of Akamai, our objective was simply to have the best possible leadership team in place for continued growth and innovation in the years ahead, and that's what we're doing with Tom's appointment," explained Martin Coyne II, Lead Director of Akamai's Board.  "We conducted an exhaustive review of the company's strategy and opportunities as we evaluated a broad range of potential candidates.  We are confident that naming Tom is the best and most natural evolution of management responsibility at Akamai."

George H. Conrades, Chairman of the Akamai Board, added, "Innovation has been fundamental to Akamai's success from the beginning and will be even more so in the future. Tom has led Akamai's focus on innovation since day one, working directly with customers and partners on breakthrough technologies for leveraging the power of distributed computing.  As a Board, we are excited about Akamai's prospects for delivering even greater customer value under Tom's leadership.  We also are extremely grateful for Paul's outstanding contributions to Akamai's success and his sterling record of accomplishment that built Akamai into an S&P 500 company. We are delighted that he will continue in an active role supporting Tom and the entire leadership team."

Prior to founding Akamai, Dr. Leighton was a Professor of Applied Mathematics at MIT and a member of MIT's Computer Science and Artificial Intelligence Laboratory (CSAIL).  Dr. Leighton holds numerous patents involving content delivery, Internet protocols, network algorithms, distributed computing, cryptography, and digital rights management.   From 2003 to 2005, Dr. Leighton served on the President's Information Technology Advisory Committee (PITAC), during which time he chaired the Subcommittee on Cybersecurity.  Dr. Leighton is a Fellow of the American Academy of Arts and Sciences, the National Academy of Engineering, and the National Academy of Sciences.

About Akamai
Akamai® is the leading cloud platform for helping enterprises provide secure, high-performing user experiences on any device, anywhere.  At the core of the Company's solutions is the Akamai Intelligent Platform™ providing extensive reach, coupled with unmatched reliability, security, visibility and expertise.  Akamai removes the complexities of connecting the increasingly mobile world, supporting 24/7 consumer demand, and enabling enterprises to securely leverage the cloud.  To learn more about how Akamai is accelerating the pace of innovation in a hyperconnected world, please visit www.akamai.com or blogs.akamai.com, and follow @Akamai on Twitter.

Akamai Statement Under the Private Securities Litigation Reform Act
This release contains information about future expectations, plans and prospects of Akamai's management that constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors including, but not limited to delay in developing or failure to develop innovative new service offerings or functionalities, and if developed, lack of market acceptance of such service offerings and functionalities or failure of such solutions to operate as expected, and other factors that are discussed in the Company's Annual Report on Form 10-K, quarterly reports on Form 10-Q, and other documents periodically filed with the SEC.

Contacts:

Jeff Young

Media Relations

617-444-3913

[email protected]

--or--

Natalie Temple

Investor Relations

617-444-3635

[email protected]

SOURCE Akamai Technologies, Inc.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
DX World EXPO, LLC, a Lighthouse Point, Florida-based startup trade show producer and the creator of "DXWorldEXPO® - Digital Transformation Conference & Expo" has announced its executive management team. The team is headed by Levent Selamoglu, who has been named CEO. "Now is the time for a truly global DX event, to bring together the leading minds from the technology world in a conversation about Digital Transformation," he said in making the announcement.
"Space Monkey by Vivent Smart Home is a product that is a distributed cloud-based edge storage network. Vivent Smart Home, our parent company, is a smart home provider that places a lot of hard drives across homes in North America," explained JT Olds, Director of Engineering, and Brandon Crowfeather, Product Manager, at Vivint Smart Home, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events announced today that Conference Guru has been named “Media Sponsor” of the 22nd International Cloud Expo, which will take place on June 5-7, 2018, at the Javits Center in New York, NY. A valuable conference experience generates new contacts, sales leads, potential strategic partners and potential investors; helps gather competitive intelligence and even provides inspiration for new products and services. Conference Guru works with conference organizers to pass great deals to gre...
DevOps is under attack because developers don’t want to mess with infrastructure. They will happily own their code into production, but want to use platforms instead of raw automation. That’s changing the landscape that we understand as DevOps with both architecture concepts (CloudNative) and process redefinition (SRE). Rob Hirschfeld’s recent work in Kubernetes operations has led to the conclusion that containers and related platforms have changed the way we should be thinking about DevOps and...
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and shared the must-have mindsets for removing complexity from the develop...
In his Opening Keynote at 21st Cloud Expo, John Considine, General Manager of IBM Cloud Infrastructure, led attendees through the exciting evolution of the cloud. He looked at this major disruption from the perspective of technology, business models, and what this means for enterprises of all sizes. John Considine is General Manager of Cloud Infrastructure Services at IBM. In that role he is responsible for leading IBM’s public cloud infrastructure including strategy, development, and offering m...
The next XaaS is CICDaaS. Why? Because CICD saves developers a huge amount of time. CD is an especially great option for projects that require multiple and frequent contributions to be integrated. But… securing CICD best practices is an emerging, essential, yet little understood practice for DevOps teams and their Cloud Service Providers. The only way to get CICD to work in a highly secure environment takes collaboration, patience and persistence. Building CICD in the cloud requires rigorous ar...
Companies are harnessing data in ways we once associated with science fiction. Analysts have access to a plethora of visualization and reporting tools, but considering the vast amount of data businesses collect and limitations of CPUs, end users are forced to design their structures and systems with limitations. Until now. As the cloud toolkit to analyze data has evolved, GPUs have stepped in to massively parallel SQL, visualization and machine learning.
"Evatronix provides design services to companies that need to integrate the IoT technology in their products but they don't necessarily have the expertise, knowledge and design team to do so," explained Adam Morawiec, VP of Business Development at Evatronix, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
To get the most out of their data, successful companies are not focusing on queries and data lakes, they are actively integrating analytics into their operations with a data-first application development approach. Real-time adjustments to improve revenues, reduce costs, or mitigate risk rely on applications that minimize latency on a variety of data sources. In his session at @BigDataExpo, Jack Norris, Senior Vice President, Data and Applications at MapR Technologies, reviewed best practices to ...
Widespread fragmentation is stalling the growth of the IIoT and making it difficult for partners to work together. The number of software platforms, apps, hardware and connectivity standards is creating paralysis among businesses that are afraid of being locked into a solution. EdgeX Foundry is unifying the community around a common IoT edge framework and an ecosystem of interoperable components.
"ZeroStack is a startup in Silicon Valley. We're solving a very interesting problem around bringing public cloud convenience with private cloud control for enterprises and mid-size companies," explained Kamesh Pemmaraju, VP of Product Management at ZeroStack, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Large industrial manufacturing organizations are adopting the agile principles of cloud software companies. The industrial manufacturing development process has not scaled over time. Now that design CAD teams are geographically distributed, centralizing their work is key. With large multi-gigabyte projects, outdated tools have stifled industrial team agility, time-to-market milestones, and impacted P&L stakeholders.
"Akvelon is a software development company and we also provide consultancy services to folks who are looking to scale or accelerate their engineering roadmaps," explained Jeremiah Mothersell, Marketing Manager at Akvelon, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Enterprises are adopting Kubernetes to accelerate the development and the delivery of cloud-native applications. However, sharing a Kubernetes cluster between members of the same team can be challenging. And, sharing clusters across multiple teams is even harder. Kubernetes offers several constructs to help implement segmentation and isolation. However, these primitives can be complex to understand and apply. As a result, it’s becoming common for enterprises to end up with several clusters. Thi...