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.