Akamai Names Michael Ruffolo Chief Operating Officer


Contacts:
 
Jeff Young
Media Relations
Akamai Technologies Inc.
617-444-3913
jyoung@akamai.com
--or-- Sandy Smith
Investor Relations
Akamai Technologies Inc.
617-444-2804
ssmith@akamai.com


CAMBRIDGE, Mass. - November 3, 2003 - Akamai Technologies, Inc. (NASDAQ: AKAM), the world's largest on demand distributed computing platform for conducting profitable e-business, today announced it has named Michael Ruffolo as the company's Chief Operating Officer (COO).

As COO, Ruffolo will be responsible for achieving Akamai's operational objectives with a clear focus on profitable revenue growth, customer acquisition and retention, and technology innovation. Ruffolo joined Akamai in August of 2001 as Executive Vice President with more than 20 years of leadership experience in the high-technology industry.

"Since joining Akamai, Mike has demonstrated his significant talent as a trusted leader and an effective manager," said George Conrades, chairman and CEO of Akamai. "He has been a key member of the management team that has led the company's turnaround and we look forward to his continuing contributions to Akamai's success."

Akamai also announced that Robert Hughes, formerly Vice President of North American Sales, has been appointed as Vice President, Global Sales and Services, reporting to Ruffolo; and that the company is conducting a search for a Vice President of Global Marketing, also to report to Ruffolo.

"Bob Hughes has done an outstanding job throughout his four-year tenure at Akamai," said Ruffolo. "Most notably, he has been instrumental in driving a major improvement in North American sales including channels, professional services and technical consulting. We are very confident in his ability to lead Akamai's global sales efforts."

Ruffolo will continue to report directly to Conrades along with the other members of the senior management team, that includes:

  • Paul Sagan, President
  • Bob Cobuzzi, Vice President and Chief Financial Officer
  • Chris Schoettle, Executive Vice President, Technology, Networks and Support
  • Bill Weihl, Chief Technology Officer
  • Tom Leighton, Co-Founder and Chief Scientist
  • Melanie Haratunian, Vice President and General Counsel
Akamai recently completed the company's most successful financial quarter, ending the third quarter on September 30 by increasing revenue more than 10 percent quarter-over-quarter to $41.8 million.

About Akamai
Akamai® - The Business Internet, is the world's largest on demand distributed computing platform for conducting profitable e-business. Overcoming the inherent limitations of the Internet, Akamai's services ensure a high-performing, scalable, and secure environment for organizations to cost effectively extend and control their e-business infrastructure. Headquartered in Cambridge, Massachusetts, Akamai's industry-leading services, matched with world-class customer care, are used by hundreds of today's most successful enterprises and government agencies around the globe. For more information, visit www.akamai.com.

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Akamai Statement Under the Private Securities Litigation Reform Act
The release contains information about future expectations, plans and prospects of Akamai's management that constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors including, but not limited to, lack of market acceptance of our services, the effects of any attempts to intentionally disrupt our services or network by hackers or others, failure to have available sufficient transmission capacity, a failure of Akamai's network infrastructure, and other factors that are discussed in the Company's Annual Report on Form 10-K, quarterly reports on Form 10-Q, and other documents periodically filed with the SEC.