Fastly Announces CFO Transition

SAN FRANCISCO -- May 5, 2021 -- Fastly, Inc. (NYSE: FSLY), provider of an edge cloud platform, announced today that Chief Financial Officer Adriel Lares will step down after five years of service. Lares will continue in his role as CFO until a successor is appointed, following which, he will remain with the Company during a transition period. Fastly is conducting an external search for its next CFO and has retained an executive search firm to assist in the process.

"On behalf of the entire Board and management team, I thank Adriel for his dedication and many valuable contributions during a pivotal period for our company," said Joshua Bixby, CEO of Fastly. “He was instrumental in our successful IPO, and has driven financial and operational improvements since that time as we have continued to grow rapidly. I am deeply appreciative that Adriel will remain with Fastly to help facilitate a smooth leadership transition and wish him all the best in his future endeavors."

"It has been a privilege to work alongside my friends who make up Fastly’s talented team, and I am proud of the significant progress we have made to drive our growth strategy and build a more trustworthy internet," said Lares. "I believe Fastly is operating from a position of strength, with a long runway of growth ahead, and I am committed to ensuring a smooth transition."

Fastly today separately announced its first quarter 2021 financial results and will host a conference call at 2:00pm Pacific Time (5:00pm Eastern Time) to discuss the results.