Exhibit 99.1
Edgio Promotes Todd Hinders to Chief Executive Officer
Appointment of Hinders Marks a New Era for Edgio
Phoenix, January 2, 2024 Edgio, Inc. (NASDAQ: EGIO) (the Company), the platform of choice for speed, security, and simplicity at the
edge, today announced that Todd Hinders has been promoted to the position of CEO, effective immediately. Mr. Hinders has also joined the companys board of directors. Hinders takes over from Bob Lyons, who has resigned from his role as
President and CEO and as a member of the board of directors.
Mr. Hinders has served as the companys Chief Revenue Officer since May 2023. He
has a 25-year track record of success, building cloud, security, edge, and media platform businesses in both start-up environments and high growth hyperscalers. He has led global sales and customer growth for
AWS Elemental, an Amazon Web Services company, overseeing go-to-market activities for AWS Elemental Media Services, CloudFront, Twitch Interactive Video Service, and
Edge security products. Prior to his time at AWS Elemental, Todd held numerous leadership roles at Cisco Systems, Maven Networks, Encoding.com/Loudeye and other leading technology firms where he has demonstrated his strategic, go-to-market and business capability.
On behalf of the Board, I would
like to thank Bob and wish him well in his future endeavors, said Kenneth Traub, Chairman of the Board of Edgio. Now is the right time for new leadership that will infuse Edgio with the discipline and energy needed to capitalize on the
opportunity Edgio has in the marketplace. While Edgio had a challenging year in 2023, we are excited to start 2024 under Todds leadership. Todd brings both continuity and new passion to help the company achieve its potential. He and the entire
executive leadership team of Edgio have the full support of the Board.
Im thrilled to be leading Edgio at this exciting time for the
company, said Todd Hinders, CEO of Edgio. Edgio is on a transformative journey. Were diligently optimizing our global edge-network, expanding our customer base, particularly in high-margin streaming and application businesses and
reducing operating expenses. We have also been adding world-class talent to our team and strengthening our balance sheet. Together with our new board of directors, the executive team, our dedicated employees, and valued customers and partners, we
intend to build a world-class company, relentlessly delivering on customer success and maximizing shareholder value.
Edgio (NASDAQ: EGIO) helps
companies deliver online experiences and content faster, safer, and with more control. Our developer-friendly, globally scaled edge network, combined with our fully integrated application and media solutions, provide a single platform for the
delivery of high-performing, secure web properties and streaming content. Through this fully integrated platform and end-to-end edge services, companies can deliver
content quicker and more securely, thus boosting overall revenue and business value. To learn more, visit edg.io and follow us on Twitter, LinkedIn and Facebook.