F5 Networks CEO Francois Locoh-Donou has strengthened the company’s management team following its dismal performance in the recent quarter.
F5 Networks’ revenue grew 1.4 percent to $523.2 million in the first quarter of fiscal 2018 from $516.0 million in the first quarter of fiscal 2017 — driven by services and software solutions.
The company has set a revenue goal of $525 million to $535 million with a GAAP earnings target of $1.66 to $1.69 per diluted share for the second quarter of fiscal 2018, ending March 31.
F5 Networks has hired Kara Sprague as senior vice president of Application Delivery Controller (ADC) to lead product portfolio management. Kara Sprague joins F5 after spending 13 years at consulting firm McKinsey’s technology practice. Prior to McKinsey, Sprague was on the engineering staff of Oracle, Agilent Technologies, and HP.
Ram Krishnan, senior VP of Security, will lead product and solutions marketing. They will have accountability for product success from development through sales across private and public cloud, software, hardware, and emerging technologies.
Ram Krishnan joins F5 from CloudPassage, where he was the chief product officer of their SaaS-based cloud workload security solution. Previously, Krishnan served as general manager for HP’s Applications business and led Symantec’s Risk and Compliance business.
Tom Fountain is the chief strategy officer to lead the company’s mergers and acquisitions program. He will be responsible for driving the business’ long-term strategy and working cross-functionally to accelerate growth and realize F5’s vision for application delivery and security. Fountain will oversee corporate development initiatives, business development activities, technology partnerships, and new business incubation projects.
Tom Fountain joins F5 from security company McAfee, where he was senior vice president of Strategy and Corporate Development. Prior to McAfee, Tom Fountain held multiple leadership roles at Juniper Networks.
Ana White has joined F5 as the company’s first executive vice president and chief human resources officer. F5 has over 4,500 employees worldwide. Ana White will lead people practices and professional growth programs, recruiting and diversity, organizational development, and employee advocacy initiatives.
Ana White comes to F5 from Microsoft, having led global HR teams for over 18 years across multiple business units.