Akamai Says CEO Sagan to Leave; Profit Less Than Estimates
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Akamai Technologies Inc., which helps businesses deliver data at faster speeds over the Internet, said Chief Executive Officer Paul Sagan will leave by the end of 2013.
The Cambridge, Massachusetts-based company is starting a search to replace Sagan, who became president in 1999 and CEO in 2005. Akamai’s sales more than quadrupled during his leadership, to $1.16 billion in 2011 from $283.1 million in 2005.