DigitalOcean Appoints Paddy Srinivasan as Chief Executive Officer

DigitalOcean Holdings, Inc. (NYSE: DOCN), the developer cloud optimized for startups and growing digital businesses, today announced that the Company's Board of Directors has appointed Paddy Srinivasan as the Company’s new Chief Executive Officer and as a member of its Board of Directors. Srinivasan will start on February 12, 2024, and will participate in the Company’s Q4 '23 Earnings call on February 21, 2024. With an impressive background in cloud technology and a successful track record of operational execution and delivering strong financial results, Srinivasan is set to steer DigitalOcean through its next phase of innovation and growth.

Srinivasan is joining DigitalOcean from GoTo, a $1B+ revenue SaaS company and provider of cloud communication and IT management software, where he served as CEO. His strategic vision, technical acumen and unwavering commitment to addressing developer needs makes Srinivasan an ideal leader to advance DigitalOcean's mission of simplifying cloud computing so that businesses can dedicate more time to building software that transforms the world. Across his 25+ year career, Srinivasan has consistently excelled in building products that customers love, while scaling businesses that have enduring value. The breadth of his experience in product and technology leadership includes success in both entrepreneurial endeavors, with his co-founding of Opstera, and in the world’s largest technology companies, including Oracle and Microsoft. While at GoTo (formerly LogMeIn), his roles included Chief Executive Officer; Chief Product and Technology Officer; SVP Products and General Manager; and VP Products and Engineering. Prior to GoTo, Srinivasan was General Manager for Data, Machine Learning Platform Services, Alexa AI, at Amazon.

“We are thrilled to welcome Paddy to DigitalOcean,” said Warren Adelman, Executive Chairman of DigitalOcean’s Board of Directors. “Paddy’s entire career has centered on providing simple, powerful, and scalable technology solutions. His extensive product-led growth experience and proven technical leadership will enable us to execute our strategic initiatives and propel DigitalOcean to expand its large and loyal customer base while increasing the value we provide those customers, further cementing the company's position as the go-to cloud provider for developers at the world’s most innovative startups and growing businesses.”