DigitalOcean Expands Executive Team and Appoints Chief Strategy Officer

Rhea-AI Summary

DigitalOcean Holdings (NYSE:DOCN) has appointed Megan Wood as the new Chief Strategy Officer, a role aimed at enhancing business strategy and execution. Reporting to CEO Yancey Spruill, Wood will oversee corporate development, strategy deployment, and program management, leveraging her previous experience at NerdWallet and Maxar. This appointment is part of DigitalOcean's strategy to align teams toward achieving business objectives amidst its growth journey.

Positive

• Megan Wood's appointment as Chief Strategy Officer could strengthen DigitalOcean's focus on corporate strategy and execution.
• Wood brings valuable experience from previous roles in corporate strategy and business operations.

Negative

• Concerns may arise regarding potential gaps in leadership experience during the transition.

New executive-level leader to focus on driving value-add business outcomes

NEW YORK--(BUSINESS WIRE)-- DigitalOcean Holdings, Inc. (NYSE:DOCN), the cloud for developers, startups and SMBs, today announced the appointment of Megan Wood to chief strategy officer, a newly-created role and reporting to CEO Yancey Spruill. As chief strategy officer, Wood will be instrumental in driving value-add business outcomes for the company.

“Managing the dynamic process of building and executing strategy is vital to keeping our teams aligned on delivering near and long-term business objectives,” said Yancey Spruill, CEO of DigitalOcean. “Megan’s impact during her time at DigitalOcean and her background in running corporate strategy at previous organizations make her an ideal fit for this critical role to drive organic and inorganic execution at DigitalOcean.”

As the company has grown over the last few years, and with future growth goals in mind, this additional executive position will be key to driving alignment on business strategy and execution. The scope of the chief strategy officer includes, among other things, corporate development, strategy and strategy deployment, business operations, program management, and data analytics.

“I am honored to step into this important role, and I look forward to working closely with Yancey and the executive team to advance DigitalOcean’s strategy and impact on developers and small businesses,” said Wood. “I’m amazed by our company’s success thus far and am humbled to have the opportunity to help grow and shape that into the future.”

For the last year, Wood has been leading DigitalOcean’s business operations and analytics functions, focused on driving cross-functional growth initiatives. Before joining DigitalOcean, she led strategy and corporate development at NerdWallet and Maxar and was previously a consultant at Bain & Company. Wood has an MBA from the University of Chicago Booth School of Business.

For more information on DigitalOcean, visit https://www.digitalocean.com.

About DigitalOcean
DigitalOcean simplifies cloud computing so builders can spend more time creating software that changes the world. With its mission-critical infrastructure and fully managed offerings, DigitalOcean helps developers, startups and small and medium-sized businesses (SMBs) rapidly build, deploy and scale applications to accelerate innovation and increase productivity and agility. DigitalOcean combines the power of simplicity, community, open source and customer support so customers can spend less time managing their infrastructure and more time building innovative applications that drive business growth. For more information, visit digitalocean.com or follow @digitalocean on Twitter.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220621005063/en/

Media Contact

Spencer Anopol

press@digitalocean.com

Investors Contact

Rob Bradley

investors@digitalocean.com

Source: DigitalOcean Holdings, Inc

FAQ

Who is the new Chief Strategy Officer of DigitalOcean?

Megan Wood has been appointed as the Chief Strategy Officer of DigitalOcean.

What are Megan Wood's responsibilities as Chief Strategy Officer?

Wood will focus on corporate development, strategy deployment, business operations, and program management.

Why did DigitalOcean create the Chief Strategy Officer role?

The role was created to drive alignment on business strategy and execution as the company grows.