F5 Networks (FFIV) CTO Karl Triebes Resigns

September 7, 2016 7:20 AM EDT

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After the close, F5 Networks (NASDAQ: FFIV) disclosed that on August 30, 2016, Karl Triebes notified the Company that he is resigning as Executive Vice President of Product Development and Chief Technical Officer of the Company, effective immediately.

The Company appointed its current Senior Vice President of Product Development Ryan Kearny as its Interim Executive Vice President of Product Development and Chief Technical Officer. Mr. Triebes is expected to remain in an advisory role with the Company until January 1, 2017. The Company expects to enter into a release and consulting arrangement with Mr. Triebes, and it will provide information relating to such arrangement in a subsequent filing with the Securities and Exchange Commission, as may be required.



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