CAMBRIDGE, Mass. - August 14, 2001 - Akamai Technologies, Inc. (NASDAQ:
AKAM), the leading provider of distributed application and content delivery
services, announced today that Michael A. Ruffolo has been named Executive
Vice President, effective August 13, 2001. A highly experienced executive,
Ruffolo previously served as Executive Vice President, Global Sales,
Services, and Marketing at EMC Corporation. In the newly created position
of Executive Vice President, he will drive Akamai`s corporate and product
marketing initiatives, sales education and support, and business
development.
George Conrades, Akamai`s Chairman and Chief Executive Officer, stated,
"Mike`s impressive track record building multi-billion dollar global
businesses is critical as we take Akamai to the next level. In the newly
created position of EVP, Mike will drive the company`s positioning and
go-to-market strategies in its quest to revolutionize Web infrastructure for
data and application delivery. We are thrilled that he is joining us at a
time when we can most benefit from his management depth and enterprise
experience."
Joe Tucci, EMC`s President and Chief Executive Officer, said, "Mike
contributed significantly to EMC and we congratulate him on his new position
with Akamai, an important customer and great partner of EMC. We wish him
well and look forward to seeing the continued success of both Mike and
Akamai."
"As the clear leader and innovator in the application and content delivery
services market, Akamai is revolutionizing the delivery of a better
Internet," said Michael Ruffolo. "I am delighted to join the strong Akamai
senior management team. I believe Akamai is well-positioned to become the
next great technology company."
Ruffolo will join the senior management team at Akamai that reports to Mr.
Conrades and includes Chris Schoettle, Executive Vice President and Chief
Operating Officer; Paul Sagan, President; Tim Weller, Chief Financial
Officer; Danny Lewin, Co-founder and Chief Technology Officer; and Tom
Leighton, Co-founder and Chief Scientist.
Prior to his experience at EMC, Ruffolo was President of the Document
Solutions Group at Xerox Corporation. In that role, he had worldwide
operational and profit responsibility for the group, which had annual
revenues of more than $3B and a 35% annual growth rate.
Before joining Xerox, Ruffolo spent 10 years in a series of senior positions
at NCR Corporation/AT&T, including Vice President and Chief Information
Officer, Vice President of Worldwide Services, and several other senior
sales and alliances management positions. He began his career with Eastman
Kodak Company`s Business Imaging Systems Division, where he held a number of
sales and marketing positions.
Mr. Ruffolo currently serves as a Director of Guardent, Inc. in Waltham,
Massachusetts and Sprockets, in Boston, Massachusetts, and as an Advisory
Board Member of Adventis in Boston, Manugistics in Rockville, Maryland, and
i-Phrase Technologies in Cambridge, Massachusetts.
About Akamai
Akamai is the leading provider of distributed application and content
delivery services. These services 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 11,600 servers within over 820 networks in 62
countries. With headquarters in Cambridge, Massachusetts, Akamai provides
services to companies worldwide. 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, the dependence on Akamai`s
Internet content delivery service, a failure of its network infrastructure,
the complexity of its service and the networks on which the service is
deployed, the failure to obtain access to transmission capacity and other
factors that are discussed in the Company`s Annual Report on Form 10-K and
other documents periodically filed with the SEC.
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