Edgio has ushered in the New Year with a major leadership change. Todd Hinders has taken the helm as Chief Executive Officer (CEO) of the company, succeeding Bob Lyons, former President and CEO. Hinders' assumption of the top spot at Edgio is effective immediately, marking the beginning of an exciting new chapter for the company.
Edgio announced the appointment on the 3rd of January, reporting that Hinders will also join the company's board of directors. He replaces Lyons, who has stepped down both from the position of President and CEO, and as a member of the board.
Described as pivotal in his previous role as Chief Revenue Officer since May 2023, Hinders brings a distinguished 25-year career to the position of CEO. His track record boasts significant achievements in building prosperous cloud, security, and media platform businesses. His past experience, particularly with scaling up both start-ups and high-growth hyperscalers, presents him as an apt candidate for the leadership role at Edgio.
Hinders has also led global sales and customer growth for AWS Elemental, an Amazon Web Services company, supervising the brand's go-to-market activities across a variety of key areas. Carrying a significant portfolio of leadership roles in preeminent tech firms like AWS Elemental, Cisco Systems, Maven Networks, and Encoding.com/Loudeye, he's known for his strategic business capabilities.
The chairman of the board at Edgio, Kenneth Traub, praised Lyons for his service and wished him well for his future endeavours. Traub detained that the arrival of Hinders coincides with an apt moment for a reshuffling of leadership that can steer Edgio to new heights. "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," Traub announced.
In response to his new appointment, Hinders expressed his delight at the opportunity to lead the company during such a transformative time. He laid out a strong vision for the company's future, “Edgio is on a transformative journey. We are 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.”
As a robust unified solution for faster, safer, and more controlled online experiences, Edgio leverages its developer-friendly, globally-scaled edge network to boost overall revenues and business value for companies. With Hinders leading the charge into 2024, Edgio stands poised to continue asserting its footprint on the global tech landscape.