Monday, December 14, 2015

F5 Networks CEO Resigns Under Dark Cloud, Company Cites Personal Conduct

Seattle-based network traffic hardware provider F5 Networks said Monday that its CEO, Manual Rivelo, has stepped down, as a result of "matters regarding personal conduct". Details on what those issues might have been were not detailed by the company. Rivelo had only been serving as CEO for five months. F5 Network said its former CEO, John McAdam, has stepped back into the CEO post. McAdam had retired in July. F5 said Rivelo's resignation, while "unexpected", was strictly related to personal conduct matters.