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Akamai Announces Evolution to Organizational Structure
Company to align products and development, global sales and go-to-market functions
Akamai Technologies, Inc. (NASDAQ: AKAM), the global leader in Content Delivery Network services, today announced an evolution to its organizational structure aimed at increasing productivity and growth opportunities from its ongoing innovation and go-to-market initiatives.
Effective at the start of the second quarter of 2016, Akamai’s current products and development organization and global sales, channels and marketing teams will be re-aligned into two divisions to focus on the company’s Media and Web customers and solutions. Each division will integrate existing Akamai personnel from product management, product development, sales, channels and product marketing into their teams. The new structure is designed to create tighter alignment and integration between customer requirements and product innovation, while increasing the ease of leveraging Akamai’s services.
Commenting on the new organizational model, Dr. Tom Leighton, Akamai’s Chief Executive Officer, said, “This is a natural evolution of our company structure intended to help us better serve our customers and further accelerate growth. We’ve made great strides in diversifying our product portfolio in recent years, delivering record sales and profitability. As we close out another excellent year, I believe our Media and Web businesses are now at the scale where a transition to this type of customer- and solutions-centric organization makes sense. By better aligning our teams that build product with those that work day-to-day with our world-class customers, I am confident in our ability to bring new solutions to market faster and to make Akamai services even easier for our customers to consume.”
Rick McConnell will serve as General Manager of the Web Division and as President, overseeing corporate development and other core functions. Bill Wheaton will serve as General Manager of the Media Division and as Executive Vice President. Sanjay Singh, formerly General Manager for APJ, will now report to Leighton as Senior Vice President of Global Operations, overseeing EMEA and APJ operations and Akamai’s centers of excellence in Bangalore, Krakow and Costa Rica. Adam Karon will now report to Leighton as Senior Vice President, Global Services and Support. Robert Hughes, who joined Akamai in 1999, and has led the Company’s world-class sales, services and marketing organization, will become a Strategic Advisor to Leighton and the senior management team for the next year as part of a planned transition.
In addition to the Media and Web Divisions, Global Operations, and Services and Support, the other cross-divisional functions reporting to the CEO include Platform, Finance, Legal, Human Resources and Corporate Marketing and Communications.
As the global leader in Content Delivery Network (CDN) services, Akamai makes the Internet fast, reliable and secure for its customers. The company's advanced web performance, mobile performance, cloud security and media delivery solutions are revolutionizing how businesses optimize consumer, enterprise and entertainment experiences for any device, anywhere. To learn how Akamai solutions and its team of Internet experts are helping businesses move faster forward, please visit www.akamai.com or blogs.akamai.com, and follow @Akamai on Twitter.
Akamai Statement Under the Private Securities Litigation Reform Act
The release contains information about future expectations, plans and prospects of Akamai Technologies, Inc.'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, the effects of any unexpected difficulty in closing our financial books for the year 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.