F5 Appoints Francis J. Pelzer as Chief Financial Officer
Proven executive with cloud-focused expertise to lead F5’s strategic financial operations
F5 Networks (NASDAQ: FFIV) today announced Francis “Frank” J. Pelzer has joined the company’s leadership team as Executive Vice
President and Chief Financial Officer, reporting to the CEO. In this role, he will oversee F5’s worldwide financial planning,
analysis, accounting, reporting, and internal auditing procedures, as well as investor relations.
“Frank’s acumen and breadth of experience with companies focused on cloud and as-a-service technologies make him a natural fit
for the next phase of F5’s growth,” said François Locoh-Donou, President and CEO of F5. “With the company’s emphasis on multi-cloud
deployments, modern financial operations play a key role in further aligning our technologies, service offerings, and business
models with the numerous ways customers are consuming app services.”
Pelzer joins F5 from SAP, where he was President and Chief Operating Officer of the Cloud Business Group, responsible for the
execution of strategy and operations of the company’s SaaS portfolio including Concur, Ariba, Fieldglass, SuccessFactors, and
Hybris. Prior to that, he served as Chief Financial Officer of Concur Technologies, a cloud-based travel and expense management
solution provider that was acquired by SAP in 2014. Pelzer has also held senior leadership positions at Deutsche Bank AG and Credit
Suisse Group.
Additionally, Pelzer serves on the board of directors for Benefitfocus, Inc., Limeade, Inc., and Modumetal, Inc. He holds an
M.B.A. from the Tuck School of Business at Dartmouth and a B.A. from Dartmouth College. In his new role, Pelzer is based in Seattle
at F5’s corporate headquarters.
About F5
F5 (NASDAQ: FFIV) makes apps go faster, smarter, and safer for the world’s largest businesses, service providers,
governments, and consumer brands. F5 delivers cloud and security solutions that enable organizations to embrace the application
infrastructure they choose without sacrificing speed and control. For more information, go to f5.com. You can also follow @f5networks on Twitter or visit us on LinkedIn and Facebook for more information about F5, its partners, and technologies.
F5 is a trademark or service mark of F5 Networks, Inc., in the U.S. and other countries. All other product and company names
herein may be trademarks of their respective owners.
This press release may contain forward looking statements relating to future events or future financial performance that involve
risks and uncertainties. Such statements can be identified by terminology such as "may," "will," "should," "expects," "plans,"
"anticipates," "believes," "estimates," "predicts," "potential," or "continue," or the negative of such terms or comparable terms.
These statements are only predictions and actual results could differ materially from those anticipated in these statements based
upon a number of factors including those identified in the company's filings with the SEC.
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F5 Networks
Nathan Misner, 206-272-7494
n.misner@f5.com
or
WE Communications
Holly Lancaster, 415-547-7054
hluka@we-worldwide.com
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