F5 Appoints Francis J. Pelzer as Chief Financial Officer
21 May 2018 - 9:00PM
Business Wire
Proven executive with cloud-focused
expertise to lead F5’s strategic financial operations
F5 Networks (NASDAQ: FFIV) today announced Francis “Frank” J.
Pelzer has joined the company’s leadership team as Executive Vice
President and Chief Financial Officer, reporting to the CEO. In
this role, he will oversee F5’s worldwide financial planning,
analysis, accounting, reporting, and internal auditing procedures,
as well as investor relations.
“Frank’s acumen and breadth of experience with companies focused
on cloud and as-a-service technologies make him a natural fit for
the next phase of F5’s growth,” said François Locoh-Donou,
President and CEO of F5. “With the company’s emphasis on
multi-cloud deployments, modern financial operations play a key
role in further aligning our technologies, service offerings, and
business models with the numerous ways customers are consuming app
services.”
Pelzer joins F5 from SAP, where he was President and Chief
Operating Officer of the Cloud Business Group, responsible for the
execution of strategy and operations of the company’s SaaS
portfolio including Concur, Ariba, Fieldglass, SuccessFactors, and
Hybris. Prior to that, he served as Chief Financial Officer of
Concur Technologies, a cloud-based travel and expense management
solution provider that was acquired by SAP in 2014. Pelzer has also
held senior leadership positions at Deutsche Bank AG and Credit
Suisse Group.
Additionally, Pelzer serves on the board of directors for
Benefitfocus, Inc., Limeade, Inc., and Modumetal, Inc. He holds an
M.B.A. from the Tuck School of Business at Dartmouth and a B.A.
from Dartmouth College. In his new role, Pelzer is based in Seattle
at F5’s corporate headquarters.
About F5
F5 (NASDAQ: FFIV) makes apps go faster, smarter, and safer for
the world’s largest businesses, service providers, governments, and
consumer brands. F5 delivers cloud and security solutions that
enable organizations to embrace the application infrastructure they
choose without sacrificing speed and control. For more information,
go to f5.com. You can also follow @f5networks on
Twitter or visit us
on LinkedIn and Facebook for more information
about F5, its partners, and technologies.
F5 is a trademark or service mark of F5 Networks, Inc., in the
U.S. and other countries. All other product and company names
herein may be trademarks of their respective owners.
This press release may contain forward looking statements
relating to future events or future financial performance that
involve risks and uncertainties. Such statements can be identified
by terminology such as "may," "will," "should," "expects," "plans,"
"anticipates," "believes," "estimates," "predicts," "potential," or
"continue," or the negative of such terms or comparable terms.
These statements are only predictions and actual results could
differ materially from those anticipated in these statements based
upon a number of factors including those identified in the
company's filings with the SEC.
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version on businesswire.com: https://www.businesswire.com/news/home/20180521005146/en/
F5 NetworksNathan Misner, 206-272-7494n.misner@f5.comorWE
CommunicationsHolly Lancaster,
415-547-7054hluka@we-worldwide.com
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