Content delivery services provider Edgio has promoted its chief revenue officer Todd Hinders to the role of CEO, effective immediately.
He succeeds Bob Lyons, who has resigned from his role as president and CEO and as a member of the board of directors.
Hinders has previously held roles at AWS Elemental, Cisco Systems, Maven Networks, and Encoding.com/Loudeye.
“On behalf of the Board, I would like to thank Bob and wish him well in his future endeavours,” 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 Todd’s 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.”
Speaking about his appointment, Hinders added: “I’m thrilled to be leading Edgio at this exciting time for the company. Edgio is on a transformative journey. We’re diligently optimising 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 maximising shareholder value.”
