Akamai Appoints Timothy Weller As CFO
CAMBRIDGE, MA, August 24, 1999 -- Akamai Technologies, which operates a global Internet content delivery service that speeds up Web performance, announced today the appointment of Timothy Weller as Chief Financial Officer (CFO). Joining Akamai from the investment banking firm Donaldson, Lufkin & Jenrette (DLJ), Mr. Weller brings a range of experience in financial and strategic analysis and capital raising within the Internet and telecommunications industries. Mr. Weller's appointment to CFO is effective beginning in September.
As an equity research analyst following telecommunications services at DLJ, Mr. Weller provided stock coverage of the Regional Bells and long-distance companies. Most recently, he focused on the Competitive Local Exchange Carriers and Internet Service Provider market space. His research has centered on technologies in the telecommunications and Internet markets. Mr. Weller has been recognized as a leading telecom financial analyst including a citation in the most recent Institutional Investor survey.
"Tim has been instrumental in many of the largest financial transactions affecting today's communications industry," said George Conrades, chairman and CEO of Akamai. "He brings to Akamai a strong background and understanding of what it takes to build and position a company's financial future."
Mr. Weller was the lead analyst on many advisory assignments including the proposed Qwest/USWEST merger. He has been involved in over $10 billion of lead-managed equity and debt financings for companies such as Global Telesystems, IXnet, Metromedia, MindSpring, NTL, PSINet, Qwest, and Verio.
With a Ph.D. in Electrical Engineering from the University of Illinois, and a B.S. and M.S. from Michigan State University, Mr. Weller is an author of six scientific papers in the areas of information theory and computer networking.
About Akamai
Akamai Technologies is headquartered in Cambridge, Massachusetts and has offices in San Mateo and Cupertino, California, and Europe. Akamai is the leader in distributed content, streaming media, and applications delivery, serving over 225 of the Web's most popular properties including over 100 leading e-commerce companies. Akamai has deployed the broadest global network for content, streaming media, and applications delivery with more than 2000 servers in over 40 countries directly connected to more than 100 different telecommunications networks. Akamai (pronounced AH kuh my) is Hawaiian for intelligent, clever and cool.
| Contacts: |
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| Jeff Young Akamai Technologies 617-250-3913 jyoung@akamai.com |
--or-- | Marco Greenberg NYPR 212-367-9600 marco@nypr.com |
| Lisa Bradlow NYPR 212-367-9600 lisa@nypr.com |
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CAMBRIDGE, MA, August 24, 1999 -- Akamai Technologies, which operates a global Internet content delivery service that speeds up Web performance, announced today the appointment of Timothy Weller as Chief Financial Officer (CFO). Joining Akamai from the investment banking firm Donaldson, Lufkin & Jenrette (DLJ), Mr. Weller brings a range of experience in financial and strategic analysis and capital raising within the Internet and telecommunications industries. Mr. Weller's appointment to CFO is effective beginning in September.
As an equity research analyst following telecommunications services at DLJ, Mr. Weller provided stock coverage of the Regional Bells and long-distance companies. Most recently, he focused on the Competitive Local Exchange Carriers and Internet Service Provider market space. His research has centered on technologies in the telecommunications and Internet markets. Mr. Weller has been recognized as a leading telecom financial analyst including a citation in the most recent Institutional Investor survey.
"Tim has been instrumental in many of the largest financial transactions affecting today's communications industry," said George Conrades, chairman and CEO of Akamai. "He brings to Akamai a strong background and understanding of what it takes to build and position a company's financial future."
Mr. Weller was the lead analyst on many advisory assignments including the proposed Qwest/USWEST merger. He has been involved in over $10 billion of lead-managed equity and debt financings for companies such as Global Telesystems, IXnet, Metromedia, MindSpring, NTL, PSINet, Qwest, and Verio.
With a Ph.D. in Electrical Engineering from the University of Illinois, and a B.S. and M.S. from Michigan State University, Mr. Weller is an author of six scientific papers in the areas of information theory and computer networking.
About Akamai
Akamai Technologies is headquartered in Cambridge, Massachusetts and has offices in San Mateo and Cupertino, California, and Europe. Akamai is the leader in distributed content, streaming media, and applications delivery, serving over 225 of the Web's most popular properties including over 100 leading e-commerce companies. Akamai has deployed the broadest global network for content, streaming media, and applications delivery with more than 2000 servers in over 40 countries directly connected to more than 100 different telecommunications networks. Akamai (pronounced AH kuh my) is Hawaiian for intelligent, clever and cool.
