A10 Networks Announces Dhrupad Trivedi as New CEO
November 21 2019 - 8:30AM
Business Wire
Founder Lee Chen Will Assist in Smooth
Transition of Leadership
Strategy Committee of the Board of Directors
Continues to Review Strategic Alternatives Directed at Maximizing
Shareholder Value
A10 Networks (NYSE: ATEN), a leading provider of intelligent and
automated cybersecurity solutions, today announced that Dhrupad
Trivedi has agreed to join the company as its new President and
Chief Executive Officer, effective December 2, 2019. Lee Chen, who
founded A10 Networks in 2004 and has served as CEO since inception,
will continue to be actively involved with the company to ensure a
smooth leadership transition, and will continue as chairman of the
A10 Networks Board of Directors.
Dr. Trivedi joins A10 Networks from Belden, where he most
recently was Executive Vice President running Tripwire, a
cybersecurity software business and CTO of Belden. Prior to this,
he held other executive roles at Belden, including President of
Belden’s Network Solutions Division; Vice President of Corporate
Strategy and Development, leading the company’s M&A activities;
and starting in Belden as President of Trapeze Networks. Prior to
joining Belden, Trivedi held executive roles at JDS Uniphase
Corporation from 1998 through 2010.
“I am honored and excited to join A10 Networks as CEO to help
the company pursue its mission of organic growth by delivering
leading technology for our customers in terms of reliability,
security and availability. I also look forward to partnering with
the Strategy Committee of the Board of Directors to maximize
shareholder value,” said Trivedi. “Lee and the A10 team have
established a strong reputation as the high-performance leader in
multiple growing markets, which will provide strong secular
tailwinds for many years to come. I am excited to join the company
at a pivotal time and lead it through this key inflection point to
the next phase of growth. I look forward to working with our
customers, employees, partners and investors.”
“I am privileged to serve marquee customers across the globe in
a wide variety of industries and tremendously proud of the
innovative solutions we offer. I am honored to have worked with our
outstanding team at A10. I especially appreciate their commitment
to customer success first and foremost in everything they do,” said
Chen. “I am also deeply confident that under Dhrupad’s leadership
the A10 Networks team will continue to help our customers
prosper.”
The company has committed to appoint Trivedi to its board of
directors within 30 days of his joining the Company. The company’s
letter agreement with VIEX Capital Advisors and its affiliates, in
which the company had agreed to fix the size of the Board at six,
has been amended to permit increasing the board to seven members
until the company’s 2020 annual meeting of shareholders. Pursuant
to the amended agreement, the company has also agreed to
re-nominate directors Eric Singer and Tor R. Braham for election at
the 2020 annual meeting, and VIEX Capital Advisors’ right to
identify, and A10 Networks agreement to appoint within 15 days
thereafter, an additional director to the Board, with Phillip J.
Salsbury agreeing to resign from the Board in such event, has been
extended for an additional year.
The Company further announced that the Strategy Committee of the
Board of Directors continues to evaluate steps to maximize
shareholder value.
About A10 Networks
A10 Networks (NYSE: ATEN) provides Reliable Security Always™,
with a range of high-performance application networking solutions
that help organizations ensure that their data center applications
and networks remain highly available, accelerated and secure.
Founded in 2004, A10 Networks is based in San Jose, Calif., and
serves customers globally with offices worldwide. For more
information, visit: www.a10networks.com and @A10Networks.
The A10 logo and A10 Networks are trademarks or registered
trademarks of A10 Networks, Inc. in the United States and other
countries. All other trademarks are the property of their
respective owners.
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version on businesswire.com: https://www.businesswire.com/news/home/20191121005177/en/
Investor Contact: Chris Mammone The Blueshirt Group
investors@a10networks.com
Media and Analyst Contact A10 Networks Karin Gilles
kgilles@a10networks.com
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