CacheFlow Names Chief Financial Officer.Business Editors/High-Tech Writers SUNNYVALE, Calif.--(BUSINESS WIRE)--May 3, 2001 CacheFlow(R) Inc. (Nasdaq:CFLO CFLO Central Florida Lyric Opera ), the leading provider of content-smart networking solutions, today announced that Robert Verheecke has been named Senior Vice President and Chief Financial Officer. Verheecke has more than 25 years of experience in strategic corporate finance and executive management at publicly-held and private companies in the high-tech industry. As CFO See Chief Financial Officer. , Verheecke will oversee the finance, information systems, manufacturing, operations, investor relations Investor relations The process by which the corporation communicates with its investors. , legal and human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. functions for the company. "We are delighted to have a seasoned financial professional of Bob's caliber joining our management team. Bob brings an extensive background and a proven track record of success not only in finance, but also in corporate strategy and global operations Global Operations is a first-person shooter computer game developed by Barking Dog Studios and published by both Crave Entertainment and Electronic Arts. It was released in March of 2002, following its public multiplayer beta version which contained only the Quebec map. ," said Brian NeSmith, Chief Executive Officer of CacheFlow. "Bob will provide a balanced financial perspective to the company's strategic direction and help drive CacheFlow's market growth in the content networking industry." Prior to joining CacheFlow, Verheecke spent 3 years developing early stage Internet-focused companies. Most recently, Verheecke was Senior Vice President and Chief Financial Officer at ECnet Ltd., an early stage B2B e-commerce (Business to Business Electronic-COMMERCE) Refers to one business selling to another business via the Web. See e-commerce. company serving the high-tech manufacturing industry, and previously served as Chief Financial Officer at AlphaBlox Corporation, an early stage web-based analytical applications software company. Prior to these companies, Verheecke served as Chief Financial Officer at publicly traded NetFrame, an early manufacturer of high-performance network servers, and at Business Objects S.A., a publicly traded decision support software company, where he was Senior Group Vice President of Finance and Chief Financial Officer. Verheecke holds an M.B.A. from the University of California, Berkeley The University of California, Berkeley is a public research university located in Berkeley, California, United States. Commonly referred to as UC Berkeley, Berkeley and Cal , a B.S. from Santa Clara University, and is a State of California Certified Public Accountant Certified Public Accountant (CPA) An accountant who has met certain standards, including experience, age, and licensing, and passed exams in a particular state. (CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. ). Bob Verheecke succeeds Michael Johnson as CFO. About CacheFlow Inc. CacheFlow is focused on building a new layer of content intelligent infrastructure that makes the Internet content-smart. CacheFlow's market-leading appliances and innovative content delivery technologies enable enterprises, service providers and content providers to deliver the right content to the right place at the right time. Based in Sunnyvale, Calif., CacheFlow can be contacted via telephone at 408/220-2200, fax at 408/220-2250 or email at info@cacheflow.com. Forward Looking Statements This press release contains forward-looking statements regarding CacheFlow's expectations, beliefs, intentions or strategies regarding the future. These statements are based on current expectations and are subject to a number of risks and uncertainties that could cause actual results to differ materially. Other important factors that could cause actual results to differ materially include the level of demand for CacheFlow's products and services; the intensity of competition; CacheFlow's ability to effectively manage product transitions and to continue to expand and improve internal infrastructure; risks associated with potential acquisitions; and risks related to the Internet caching appliance industry. For a more detailed discussion of the risks relating to CacheFlow's business, investors should read CacheFlow's Form 10-Q Form 10-Q See 10-Q. for the quarter ended January 31, 2001, and CacheFlow's Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended April 30, 2000, which are on file with the Securities and Exchange Commission. All forward-looking statements included in this press release are based upon information available to CacheFlow as of the date hereof, and CacheFlow will not update these forward-looking statements. Note to Editors: CacheFlow is a registered trademark of CacheFlow Inc. in the U.S. and worldwide. All other trademarks mentioned in this document are the property of their respective owners |
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