F5 says sales boss resigns; shares fall
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F5 says sales boss resigns; shares fall

www.reuters.com   | 31.05.2012.

(Reuters) - Network gear maker F5 Networks Inc said Mark Anderson, executive vice president of worldwide sales, has resigned and will be replaced by Dave Feringa, vice president for Americas sales.
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F5 Networks shares fell 6 percent at $100.75 in extended trade, after closing at $107.54 on Wednesday on the Nasdaq.

Anderson joined F5 in 2004 and was overseeing all sales activities for the company's application delivery networking product and service portfolio.

"Mark was a key contributor to our growth and success here at F5," Chief Executive John McAdam said in a statement.

F5's revenue has grown in the double-digits for more than two years as a booming market for smartphones and tablets has sparked an exponential increase in data traffic.

(Reporting by Supantha Mukherjee in Bangalore; Editing by Viraj Nair)



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