F5 CEO John McAdam has been trying to retire for the last two years, and in April he's going to get his second chance to do so. McAdam first retired in July 2015, but ended up coming back in December after his successor resigned.
After a year of searching, F5 has now found another replacement for McAdam, announcing on Jan. 30 that Francois Locoh-Donou will become CEO in April. Locoh-Donou is currently the Chief Operating Officer at networking vendor Ciena, where has has worked since 2002.
"I am honored to take on the CEO role at F5," Locoh-Donou said in a statement. "I have admired John's (McAdam) stewardship of the company's values and vision and I bring a shared commitment to grow F5's people, partnerships, product and services portfolio, in response to the increasing cloud and security demands of F5's customers."
F5 reported its first quarter fiscal 2017 earning on Jan. 25 and at the time, McAdam made no mention of the pending announcement about the new CEO. F5 reported first quarter fiscal 2017 revenue of $516 million, for a 5.4 percent year-over-year gain. The same day as the company reported earnings, F5 also announced new security hardware and services, including the Herculon SSL Orchestrator and the DDoS Hybrid Defender.
"While he wraps up his work at Ciena, François is planning his family’s relocation to Seattle," McAdam wrote in a letter to F5 employees. "I trust you will extend to François the warmest of welcomes and demonstrate the very best of the F5 culture he has heard so much about."
"Until then, the F5 team around the world has my deepest gratitude and highest esteem during this second go-round as your CEO," he wrote.
Sean Michael Kerner is a senior editor at EnterpriseNetworkingPlanet and InternetNews.com. Follow him on Twitter @TechJournalist.