F5 CEO Rivelo Resigns as Former CEO John McAdam Returns
In a surprise move, Manuel Rivelo resigns his position as leader of F5.
A few short months after officially leaving the F5 CEO position on July 1, John McAdam is back on the job.
McAdam's successor, Manny Rivelo, took over as CEO of F5 on July 1 and officially resigned today. Few details have been made public about the reasons for Rivelo's abrupt resignation. In a terse news release, F5 stated that Rivelo's resignation was related to mattes regarding personal conduct and is not related to the operations or the financials of F5.
"I want to emphasize that these actions are in no way related to the Company’s operating performance or financial condition," Alan Higginson, F5’s Lead Independent Director, wrote in a statement. "This change in management, while unexpected, is strictly related to personal conduct matters. We are confident that F5 will be in good hands with John leading the Company forward."
In an interview with Enterprise Networking Planet in July, Rivelo detailed his plans for F5. Rivelo had been employed by F5 for just over four years and, prior to being named as CEO, was the Executive Vice President of Strategic Solutions.
In contrast, McAdam has been with F5 since of 2000, before retiring in July. "I look forward to immediately re-engaging on a day to day basis with F5’s dedicated and passionate team of employees as we further our mission to help clients deliver the most secure, fast and reliable applications to anyone, anywhere, at any time," McAdam said in a statement. "I am excited about the opportunities F5 has before it in new hybrid cloud architectures, application security and to capitalize on emerging technology trends."
Sean Michael Kerner is a senior editor at Enterprise Networking Planet and InternetNews.com. Follow him on Twitter @TechJournalist.