Fastly Announces CFO Transition
May 05 2021 - 4:05PM
Business Wire
Fastly, Inc. (NYSE: FSLY), provider of an edge cloud platform,
announced today that Chief Financial Officer Adriel Lares will step
down after five years of service. Lares will continue in his role
as CFO until a successor is appointed, following which, he will
remain with the Company during a transition period. Fastly is
conducting an external search for its next CFO and has retained an
executive search firm to assist in the process.
"On behalf of the entire Board and management team, I thank
Adriel for his dedication and many valuable contributions during a
pivotal period for our company," said Joshua Bixby, CEO of Fastly.
“He was instrumental in our successful IPO, and has driven
financial and operational improvements since that time as we have
continued to grow rapidly. I am deeply appreciative that Adriel
will remain with Fastly to help facilitate a smooth leadership
transition and wish him all the best in his future endeavors."
"It has been a privilege to work alongside my friends who make
up Fastly’s talented team, and I am proud of the significant
progress we have made to drive our growth strategy and build a more
trustworthy internet," said Lares. "I believe Fastly is operating
from a position of strength, with a long runway of growth ahead,
and I am committed to ensuring a smooth transition."
Fastly today separately announced its first quarter 2021
financial results and will host a conference call at 2:00pm Pacific
Time (5:00pm Eastern Time) to discuss the results.
About Fastly
Fastly helps people stay better connected with the things they
love. Fastly’s edge cloud platform enables customers to create
great digital experiences quickly, securely, and reliably by
processing, serving, and securing our customers’ applications as
close to their end-users as possible — at the edge of the internet.
Fastly’s platform is designed to take advantage of the modern
internet, to be programmable, and to support agile software
development with unmatched visibility and minimal latency,
empowering developers to innovate with both performance and
security. Fastly’s customers include many of the world’s most
prominent companies, including Pinterest, The New York Times, and
GitHub.
This press release contains “forward-looking” statements that
are based on our beliefs and assumptions and on information
currently available to us on the date of this press release.
Forward-looking statements may involve known and unknown risks,
uncertainties, and other factors that may cause our actual results,
performance, or achievements to be materially different from those
expressed or implied by the forward-looking statements. These
statements include, but are not limited to, those regarding our
ability to make a smooth leadership transition, our growth strategy
and financial outlook. Except as required by law, we assume no
obligation to update these forward-looking statements publicly, or
to update the reasons actual results could differ materially from
those anticipated in the forward-looking statements, even if new
information becomes available in the future. Important factors that
could cause our actual results to differ materially are detailed
from time to time in the reports Fastly files with the Securities
and Exchange Commission (SEC), our Annual Report on Form 10-K for
the fiscal year ended December 31, 2020. Additional information
will also be set forth in our Quarterly Report on Form 10-Q for the
fiscal quarter ended March 31, 2021. Copies of reports filed with
the SEC are posted on Fastly’s website and are available from
Fastly without charge.
Source: Fastly, Inc.
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