Akamai Elects Frederic V. Salerno to its Board of Directors
"It is an honor to welcome Fred to our Board of Directors, and we look forward to benefiting from his 37 years of managerial and telecommunications industry expertise. Fred brings an impressive track record in the areas of financial management and in building shareholder value," said George Conrades, chairman and CEO of Akamai. "His insight and contributions will be important to Akamai's goal of reaching and sustaining profitability."
Mr. Salerno commented, "Akamai is among the leading technology companies that are having a profound impact on how we look at computing. With solutions that are becoming paramount to how businesses improve overall efficiency and security of their Web operations, Akamai's approach has become pervasive. I am excited to lend my experience to such an incredibly vibrant and talented company."
Since the completion of the Bell Atlantic/GTE merger in June 2000, Mr. Salerno has helped to lead Verizon's successful efforts to integrate the two companies and generate more than $2 billion in merger expense synergies. Prior to the Bell Atlantic/GTE merger, Salerno was senior executive vice president and chief financial officer of Bell Atlantic. He was a member of the Office of the Chairman, with responsibility for the company's strategic planning efforts, business development and finance. He also had oversight of the company's portfolio of international wireline investments.
Prior to his appointment as Bell Atlantic's Chief Financial Officer, Mr. Salerno was vice chairman-finance and business development at NYNEX, a position he assumed in 1994. Mr. Salerno had served as vice chairman of NYNEX and president-Worldwide Services since March 1991.
Mr. Salerno joined New York Telephone in 1965 and was elected vice president in 1983. In 1987, Mr. Salerno was appointed president and chief executive officer of New York Telephone.
Along with his business accomplishments, Mr. Salerno is an active participant in support of community and educational issues. In 1988, he was named chairman of New York's Temporary State Commission on the Distribution of State Aid to Local School Districts by then-Gov. Mario Cuomo. In 1990, Cuomo appointed him chairman of the board of trustees of the State University of New York, and he served in that capacity until February 1996. Mr. Salerno is president of the Inner-City Scholarship Fund and has served as chairman of the Archdiocese of New York's Partnership for Quality Education Campaign. In September 1999, the National Italian American Foundation gave him its Special Achievement Award for Humanitarian Service.
Mr. Salerno is a member of the American Association of the Sovereign Military Order of the Knights of Malta, an international relief organization with permanent observer status in the United Nations.
Along with being a Director on Akamai's board, Mr. Salerno is a member of the boards of AVNET, Inc.; Bear Stearns Company, Inc.; Viacom, Inc.; and Manhattan College.
Mr. Salerno joins Akamai's Board of Directors including George Conrades, chairman and CEO, Akamai; Arthur Bilger, managing member, Capital Partners; Martin Coyne II, group executive, Photography Group and executive vice president, Eastman Kodak Company; Todd Dagres, general partner, Battery Ventures; Ronald L. Graham, the Irwin and Joan Jacobs Endowed Chair of Computer and Information Science at the University of California at San Diego; William Halter, former acting commissioner of the Social Security Administration; Leo Hindery, Jr., president and CEO of The Yes Network, a new regional sports network; Tom Leighton, chief scientist, Akamai; and Naomi Seligman, senior partner, Cassius Advisors.
About Akamai
Akamai is a leading provider of secure, outsourced e-business infrastructure services and software. These services and software enable companies to reduce the complexity and cost of deploying and operating a uniform Web infrastructure while ensuring unmatched performance, reliability, scalability and manageability. Akamai's services give businesses a distinct competitive advantage and provide an unparalleled Internet experience for their customers. Akamai's intelligent edge platform for content, streaming media, and application delivery comprises more than 12,600 servers within over 1,000 networks in 66 countries. With headquarters in Cambridge, Massachusetts, Akamai provides services and industry-renowned customer care to hundreds of enterprises worldwide, including dozens of Fortune 500 businesses. For information on Delivering a Better InternetSM, visit www.akamai.com.
Akamai Statement Under the Private Securities Litigation Reform Act
The 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, a failure of Akamai's network infrastructure, intentional disruptions on Akamai's network and services, unknown errors or defects in our services or software and other factors that are discussed in the Akamai's Annual Report on Form 10-K, quarterly reports on Form 10-Q, and other documents periodically filed with the SEC.
| Contacts: |
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| Jeff Young Media Relations Akamai Technologies, Inc. (617) 444 - 3913 jyoung@akamai.com |
--or-- | J.C. Raby Investor Relations Akamai Technologies, Inc. (877) 567 - 7167 jraby@akamai.com |
Telecommunications pioneer, and former Verizon chief financial officer, joins the Akamai Board
Cambridge, MA - May 7, 2002 - Akamai Technologies, Inc. (NASDAQ: AKAM), a leading provider of secure, outsourced e-business infrastructure services and software, today announced the election of Frederic V. Salerno, former Chief Financial Officer of Verizon Communications, to its Board of Directors. Mr. Salerno has an extensive background in the telecommunications industry, and currently serves as Vice Chairman of Verizon."It is an honor to welcome Fred to our Board of Directors, and we look forward to benefiting from his 37 years of managerial and telecommunications industry expertise. Fred brings an impressive track record in the areas of financial management and in building shareholder value," said George Conrades, chairman and CEO of Akamai. "His insight and contributions will be important to Akamai's goal of reaching and sustaining profitability."
Mr. Salerno commented, "Akamai is among the leading technology companies that are having a profound impact on how we look at computing. With solutions that are becoming paramount to how businesses improve overall efficiency and security of their Web operations, Akamai's approach has become pervasive. I am excited to lend my experience to such an incredibly vibrant and talented company."
Since the completion of the Bell Atlantic/GTE merger in June 2000, Mr. Salerno has helped to lead Verizon's successful efforts to integrate the two companies and generate more than $2 billion in merger expense synergies. Prior to the Bell Atlantic/GTE merger, Salerno was senior executive vice president and chief financial officer of Bell Atlantic. He was a member of the Office of the Chairman, with responsibility for the company's strategic planning efforts, business development and finance. He also had oversight of the company's portfolio of international wireline investments.
Prior to his appointment as Bell Atlantic's Chief Financial Officer, Mr. Salerno was vice chairman-finance and business development at NYNEX, a position he assumed in 1994. Mr. Salerno had served as vice chairman of NYNEX and president-Worldwide Services since March 1991.
Mr. Salerno joined New York Telephone in 1965 and was elected vice president in 1983. In 1987, Mr. Salerno was appointed president and chief executive officer of New York Telephone.
Along with his business accomplishments, Mr. Salerno is an active participant in support of community and educational issues. In 1988, he was named chairman of New York's Temporary State Commission on the Distribution of State Aid to Local School Districts by then-Gov. Mario Cuomo. In 1990, Cuomo appointed him chairman of the board of trustees of the State University of New York, and he served in that capacity until February 1996. Mr. Salerno is president of the Inner-City Scholarship Fund and has served as chairman of the Archdiocese of New York's Partnership for Quality Education Campaign. In September 1999, the National Italian American Foundation gave him its Special Achievement Award for Humanitarian Service.
Mr. Salerno is a member of the American Association of the Sovereign Military Order of the Knights of Malta, an international relief organization with permanent observer status in the United Nations.
Along with being a Director on Akamai's board, Mr. Salerno is a member of the boards of AVNET, Inc.; Bear Stearns Company, Inc.; Viacom, Inc.; and Manhattan College.
Mr. Salerno joins Akamai's Board of Directors including George Conrades, chairman and CEO, Akamai; Arthur Bilger, managing member, Capital Partners; Martin Coyne II, group executive, Photography Group and executive vice president, Eastman Kodak Company; Todd Dagres, general partner, Battery Ventures; Ronald L. Graham, the Irwin and Joan Jacobs Endowed Chair of Computer and Information Science at the University of California at San Diego; William Halter, former acting commissioner of the Social Security Administration; Leo Hindery, Jr., president and CEO of The Yes Network, a new regional sports network; Tom Leighton, chief scientist, Akamai; and Naomi Seligman, senior partner, Cassius Advisors.
About Akamai
Akamai is a leading provider of secure, outsourced e-business infrastructure services and software. These services and software enable companies to reduce the complexity and cost of deploying and operating a uniform Web infrastructure while ensuring unmatched performance, reliability, scalability and manageability. Akamai's services give businesses a distinct competitive advantage and provide an unparalleled Internet experience for their customers. Akamai's intelligent edge platform for content, streaming media, and application delivery comprises more than 12,600 servers within over 1,000 networks in 66 countries. With headquarters in Cambridge, Massachusetts, Akamai provides services and industry-renowned customer care to hundreds of enterprises worldwide, including dozens of Fortune 500 businesses. For information on Delivering a Better InternetSM, visit www.akamai.com.
Akamai Statement Under the Private Securities Litigation Reform Act
The 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, a failure of Akamai's network infrastructure, intentional disruptions on Akamai's network and services, unknown errors or defects in our services or software and other factors that are discussed in the Akamai's Annual Report on Form 10-K, quarterly reports on Form 10-Q, and other documents periodically filed with the SEC.
