TechTaffy

tech:

taffy

Akamai Appoints James Benson As CFO

By TechTaffy Desk

[Techtaffy Newsdesk]

Akamai Technologies has announced a planned transition in leadership within the Company’s finance organization.  James Benson, Akamai’s senior vice president of Finance will succeed J. Donald (JD) Sherman as executive vice president and chief financial officer, effective March 1st.

As CFO, Mr. Benson will be responsible for all of Akamai’s financial operations, including corporate accounting, external reporting, financial planning, treasury, tax and investor relations. In addition, he will oversee internal audit and real estate. He will report directly to Paul Sagan, Akamai’s President and CEO.

With over 20 years of financial leadership experience in the information technology industry, Mr. Benson joined Akamai from Hewlett Packard in 2009, having served previously as vice president, Finance/Operations and CFO for HP’s Americas Technology Solutions Group, a $14 billion P&L entity that encompassed HP’s server, storage, software and services divisions.  Earlier, Mr. Benson held a series of executive positions in finance at HP, Compaq Computer  and Digital Equipment.  Mr. Benson has an MBA from Clark University and a BS in Finance from Bentley College.

Mr. Sherman, who has been Akamai’s CFO since 2006, is leaving to become president and chief operating officer of HubSpot, a marketing software company.

Just in

IT

IBM to acquire HashiCorp for $6.4B

IBM and HashiCorp have entered into an agreement for IBM to acquire HashiCorp, a provider of infrastructure and security management products, for $6.4 billion.
AI

OpenAI introduces new enterprise features

OpenAI announced new features aimed at enterprise users on Tuesday, at the wake of Meta's recent LLama 3 announcement.
Around the web

Oracle is moving its world headquarters to Nashville to be closer to health-care industry — CNBC

Oracle Chairman Larry Ellison said Tuesday that the company is moving its world headquarters to Nashville, Tennessee, to be closer to a major health-care epicenter, writes Ashley Capoot.
Industry

Square expands offline payments globally

Payment processing company Square has announced the expansion of its offline payments feature to all hardware devices and countries.
Around the web

U.S. bans noncompete agreements for nearly all jobs — NPR

The Federal Trade Commission narrowly voted Tuesday to ban nearly all noncompetes, employment agreements that typically prevent workers from joining competing businesses or launching ones of their own, writes Andrea Hsu.