– USA, AZ – Edgio, Inc. (NASDAQ: EGIO), the platform of choice for speed, security, and simplicity at the edge, today announced the appointments of Ken Traub, Frank Verdecanna, and Mio Babic to its Board of Directors.
Ken Traub has also been named as Chairman of the Board of Directors.
“With the guidance of our new Board of Directors, and enhanced financial flexibility via the transactions with Lynrock, Edgio is well-equipped to strengthen its position as a leading edge-enabled solutions provider,” said CEO Bob Lyons. “Our new Board brings deep capabilities spanning software-as-a-service, cybersecurity/threat intelligence and public company governance. This industry and operational experience brings tremendous value to the Company as we continue to navigate our transformation. I want to sincerely thank our departing board members for their contributions to our journey thus far.”
Concurrently, existing directors, David Peterschmidt, Walter Amaral, Scott Genereux, Patricia Hadden, Doug Bewsher, Reed Rayman, and E-Fei Wang, have resigned from the Board.
Edgio CEO, Bob Lyons, and current Board member, Dianne Ledingham will continue to serve as Board members.
About Ken Traub
Ken Traub has over 30 years of experience as a CEO, chairman, director, investor, and consultant in public companies, with a successful track record of driving strategic, financial, operational, and governance improvements to enhance shareholder value. Since 2019, Mr. Traub has been serving as the Managing Partner of Delta Value Advisors, a strategic consulting and investment advisory firm, specializing in corporate governance and turnarounds. Mr. Traub also currently serves on the Boards of Directors of Tidewater, Inc. (NYSE: TDW) and American Rare Earths Limited (OTCQB: ARRNF).
About Frank Verdecanna
Frank Verdecanna has more than 29 years of experience working for various technology companies and a public accounting firm. He has been CFO for more than 14 years with two different public and two different private companies. Mr. Verdecanna held senior finance positions and was the EVP and CFO of Mandiant, Inc. (formerly FireEye, Inc.), a cyber threat intelligence company that provides products and services to defend against cybercrime, from November 2012 until its acquisition by Google, Inc., in September 2022.
About Mio Babic
Mr. Babic is recognized as a pioneer in digital media who has driven many firsts for the industry, including the first live streaming implementation of digital rights management, the first live multi-camera webcast, and the first cloud-native, API-first live encoder, among many others.
Edgio 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.
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