logo-loader
viewAkamai Technologies, Inc.

Akamai Technologies shares tread higher on news former Verizon vice-chair Frederic Salerno to take over as new chair

The cloud delivery company said its current chair George Conrades is retiring with effect from 1 June

1522153664_shutterstock_254749579.jpg
Conrades joined Akamai as director in 1998, shortly after the Company's founding, and was named chairman and CEO in April 1999, leading the Company's IPO later that year.

Akamai Technologies Inc.(NASDAQ:AKAM) saw its shares move higher on news that Frederic Salerno, the lead independent director and former vice chairman of Verizon Communications Inc.(NYSE:VZ) has been appointed chair with immediate effect.

In a statement, the cloud delivery company said its current chair George Conrades is retiring with effect from 1 June, at the company’s annual general meeting, after eight years leading the company.

In premarket trade, its shares were up 0.87% at US$72.81.

Quick facts: Akamai Technologies, Inc.

Price: 99 USD

NASDAQ:AKAM
Market: NASDAQ
Market Cap: $16.07 billion
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Archer Materials looking to raise 3 million offering a Share Purchase Plan

Archer Materials ( ASX: AXE) CEO Dr Mohammad Choucair joined Proactive’s Steve Darling with news the company is looking to raise capital in a Share Purchase Plan which began June 1st. That plan will allow eligible shareholders the opportunity to purchase new Archer shares at a price of $0.60 per...

1 day, 9 hours ago

2 min read