Monday, December 14, 2015

F5's CEO Steps Down Following An Issue of Personal Conduct

F5 Networks announced that Manuel Rivelo has resigned from his position of President and Chief Executive Officer, and as a member of the F5 Board of Directors, for matters regarding personal conduct unrelated to the operations or financials of the company.

John McAdam, Chairman of the F5 Board of Directors, has been appointed President and CEO until a permanent replacement is found. McAdam will remain a member of the F5 Board but will step down as Chairman in order to focus on his executive duties and actively lead the company forward. Alan Higginson, who currently serves as F5’s Lead Independent Director, has been appointed Non-Executive Chairman of the Board.

“I want to thank Manny for his many contributions to F5 over the past four years. Manny has been a key member of F5’s strong leadership team who have developed our current strategy,” stated John McAdam.

https://f5.com/

F5 Names Manny Rivelo as New CEO


F5 Networks appointed Manny Rivelo as its new President and Chief Executive Officer and a member of F5’s Board of Directors effective July 1, 2015. He succeeds longtime CEO, John McAdam, who will become Chairman of the Board of Directors upon his retirement on July 1st. Al Higginson, who has been on the F5 Board of Directors since 1996, and has served as Board Chairman since 2004, will remain on F5’s Board as Lead Independent Director.

Previously, Rivelo served as F5’s Executive Vice President of Strategic Solutions. Before joining F5 in October 2011, Rivelo was Senior Vice President of Engineering Systems and Operations for Cisco Systems.  He holds bachelor's and master's degrees in Electrical Engineering from the Stevens Institute of Technology. https://f5.com/

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