F5 Networks has announced that John McAdam, the company’s President and CEO, has informed the board that he plans to retire at the end of 2015.
Al Higginson, Chair of F5’s Board of Directors, said it is the Board’s current intention that following McAdam’s retirement from his role as President and CEO, McAdam will remain on the board and serve as non-executive board chair. Mr. McAdam will continue to work closely with the board as part of its process for identifying his successor to ensure a smooth transition for the company.
McAdam said: “Following a year of record growth, I believe F5 is better positioned in terms of our market opportunity, the breadth of our products and services, the strength of our partnerships, and the caliber and enthusiasm of the entire F5 team than at any time in the Company’s history. I am excited about our prospects and firmly committed to delivering another year of solid growth and profitability as President and CEO.”
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