Limelight Announces Chief Financial Officer Pete Perrone to Step Down
18 Novembre 2015 - 10:15PM
Business Wire
Sajid Malhotra Appointed Interim Chief
Financial Officer
Limelight Networks, Inc. (Nasdaq:LLNW) a global leader in
digital content delivery, today announced that Pete Perrone has
informed the company of his intent to resign his duties as chief
financial officer effective December 4, 2015. Limelight’s Board of
Directors will conduct a search for a new CFO. Sajid Malhotra,
Limelight’s chief strategy officer, has been named interim CFO,
effective December 4, 2015, until a permanent CFO is named.
Commenting on the departure, Limelight’s Chief Executive Officer
Bob Lento said “In his capacity as the CFO and as a Board member
prior to that, Pete made significant contributions to the
turnaround and growth of Limelight. The employees, the Board of
Directors and I would like to thank Pete and wish him well in his
future.” He added, “I am extremely confident in the depth and
strength of the finance team and in Sajid’s ability to lead the
finance organization during this transition. Pete’s departure is
unrelated to the recent developments in the Akamai lawsuit and to
the financial performance of the business. We are leaving the
fourth quarter and full year 2016 guidance unchanged.”
“For the past nine years, I’ve had the opportunity to work with
a great team that is focused on the success of Limelight. I’m
particularly proud of the finance team that is in place today. I
believe Limelight is well positioned to capture and expand its
share of the market opportunity. I wish Limelight every success,
now and in the future,” said Perrone.
Mr. Malhotra joined the company in April 2014 as the senior vice
president in charge of strategy, facilities, investor relations and
procurement. He was promoted to chief strategy officer in June
2015. Mr. Malhotra holds a B.S. and a M.B.A. from Pace
University.
Forward-Looking Statements
This press release contains forward-looking statements that
involve risks and uncertainties. These statements include, among
others, statements regarding our expectations of future performance
and the growth of our business. Our expectations and beliefs
regarding these matters may not materialize. The potential risk and
uncertainties that could cause actual results to differ materially
from the results predicted include, among other things, reduction
of demand for our services from new or existing customers,
unforeseen changes in our hiring patterns, and experiencing
expenses that exceed our expectations. A detailed discussion of
these factors and other risks that affect our business is contained
in our SEC filings, including our most recent reports on Forms 10-K
and 10-Q, particularly under the heading “Risk Factors.” Copies of
these filings are available online on our investor relations
website at investors.limelightnetworks.com and on the SEC website
at www.SEC.gov. All information provided in this release and in the
attachments is as of November 3, 2015, and we undertake no duty to
update this information in light of new information or future
events, unless required by law.
About Limelight
Limelight Networks (NASDAQ: LLNW), a global leader in digital
content delivery, empowers customers to better engage online
audiences by enabling them to securely manage and
globally deliver digital content, on any device. The company’s
award winning Limelight Orchestrate™ platform includes an
integrated suite of content delivery technology and services that
helps organizations secure digital content, deliver exceptional
multi-screen experiences, improve brand awareness, drive revenue,
and enhance customer relationships — all while reducing costs. For
more information, please visit www.limelight.com, read
our blog, follow us
on Twitter , Facebook and LinkedIn and
be sure to visit Limelight Connect.
Copyright (C) 2015 Limelight Networks, Inc. All rights reserved.
All product or service names are the property of their respective
owners.
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version on businesswire.com: http://www.businesswire.com/news/home/20151118006636/en/
Limelight Networks, Inc.Sajid Malhotra,
602-850-5778ir@llnw.com
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