Edge platform specialist Edgio announced that Todd Hinders has been promoted to the position of CEO, effective immediately.
Hinders takes over from Bob Lyons, who has resigned from his role as president and CEO and as a member of the board of directors.
Hinders has served as the company’s chief revenue officer since May 2023. He has a 25-year track record of success, building cloud, security, edge, and media platform businesses in both start-up environments and high growth hyperscalers.
Kenneth Traub, chairman of the board of Edgio, said: “On behalf of the board, I would like to thank Bob and wish him well in his future endeavours. Now is the right time for new leadership that will infuse Edgio with the discipline and energy needed to capitalise 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.”
Hinders added: “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.”