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Cloudflare Announces Phil Winslow as VP of Strategic Finance, Treasury, and Investor Relations
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
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Rhea-AI Summary
Cloudflare, Inc. (NYSE: NET) has appointed Phil Winslow as Vice President of Strategic Finance, Treasury, and Investor Relations. Winslow brings extensive experience from his previous roles at Credit Suisse and Wells Fargo, where he was a key analyst in the software sector. His primary responsibilities will include optimizing Cloudflare's long-term financial strategy, managing capital structure, and overseeing investor relations. The company aims to achieve $5 billion in annualized revenue within five years. Winslow's expertise will support Cloudflare's growth, free cash flow generation, and enhance its position in the cloud-based services market.
Positive
Phil Winslow's appointment indicates Cloudflare's dedication to financial growth and strategy.
Winslow has a strong background in software finance, which may lead to better investor relations.
The company is targeting $5 billion in annualized revenue within five years, showcasing ambitious growth plans.
Negative
None.
SAN FRANCISCO--(BUSINESS WIRE)--
Cloudflare, Inc. (NYSE: NET), the security, performance, and reliability company helping to build a better Internet, today announced the appointment of Phil Winslow as Vice President of Strategic Finance, Treasury, and Investor Relations. Winslow previously covered Cloudflare as a financial analyst at Credit Suisse, where he was the global head of the software team, and at Wells Fargo.
“Phil has extensive expertise in the software industry, and we have developed a relationship with him prior to this search, as he has covered Cloudflare for years,” said Matthew Prince, CEO and co-founder, Cloudflare. “As someone who has been following our growth even before our IPO, welcoming him to Cloudflare is a huge testament to our rapid growth, innovation, and ability to deliver strong execution and profitability at scale.”
Winslow will be responsible for ensuring the company’s long-term financial strategy is optimized for growth and profitability, managing its capital structure and treasury processes to support strategic goals and operational objectives, and overseeing investor relations. These functions are particularly important as Cloudflare continues to experience rapid growth, scales free cash flow generation, and becomes an increasingly important player in the market for cloud-based Zero Trust, network, and application services, and developer platforms. Reporting to Cloudflare’s Chief Financial Officer, Thomas Seifert, Winslow will work closely with the leadership team to develop and implement strategies that support Cloudflare’s long-term success.
“Phil has a proven track record and brings a wealth of knowledge and expertise to his role at Cloudflare. As an influential software analyst, he has worked alongside institutional investors to develop investment strategies for software companies, as well as with issuers to execute successful capital markets transactions,” said Thomas Seifert, Chief Financial Officer at Cloudflare. “We’re thrilled to have Phil on board as we continue towards our goal of $5 billion in annualized revenue in the next five years.”
Most recently, Winslow served as a Managing Director at Credit Suisse and was the global head of the software team in the Securities Research department. In this position, he led a team of equity research professionals that spanned the United States and Europe. Leveraging more than two decades of capital markets experience, Phil has an extensive background in financial modeling and data-driven operational analysis, and a deep knowledge of the technology industry.
“Cloudflare is constantly propelling the industry forward, and I’m proud to join this talented team and contribute to the company’s continued growth,” said Phil Winslow, Vice President of Strategic Finance, Treasury, and Investor Relations at Cloudflare. “I look forward to working with the leadership team and the entire Cloudflare community to drive long-term value for all of our customers, shareholders, and other stakeholders.”
About Cloudflare
Cloudflare, Inc. (www.cloudflare.com / @cloudflare) is on a mission to help build a better Internet. Cloudflare’s suite of products protect and accelerate any Internet application online without adding hardware, installing software, or changing a line of code. Internet properties powered by Cloudflare have all web traffic routed through its intelligent global network, which gets smarter with every request. As a result, they see significant improvement in performance and a decrease in spam and other attacks. Cloudflare was awarded by Reuters Events for Global Responsible Business in 2020, named to Fast Company’s Most Innovative Companies in 2021, and ranked among Newsweek’s Top 100 Most Loved Workplaces in 2022.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which statements involve substantial risks and uncertainties. In some cases, you can identify forward-looking statements because they contain words such as “may,” “will,” “should,” “expect,” “explore,” “plan,” “anticipate,” “could,” “intend,” “target,” “project,” “contemplate,” “believe,” “estimate,” “predict,” “potential,” or “continue,” or the negative of these words, or other similar terms or expressions that concern Cloudflare’s expectations, strategy, plans, or intentions. However, not all forward-looking statements contain these identifying words. Forward-looking statements expressed or implied in this press release include, but are not limited to, statements regarding Cloudflare’s future financial and operating performance, Cloudflare’s reputation and performance in the market, general market trends, the benefits to customers from using Cloudflare products, the expected functionality and performance of Cloudflare products, Cloudflare’s plans and objectives for future operations, growth, initiatives, and strategies, Cloudflare’s expectations about senior management transitions, Cloudflare’s goal of organically achieving $5 billion in annualized revenue in 5 years, Cloudflare’s market opportunity, and comments made by Cloudflare’s CEO and others. Cloudflare’s actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to, risks detailed in its filings with the Securities and Exchange Commission (SEC), including Cloudflare’s Quarterly Report on Form 10-Q filed on November 3, 2022, as well as other filings that Cloudflare may make from time to time with the SEC.
The forward-looking statements made in this press release relate only to events as of the date on which the statements are made. Cloudflare undertakes no obligation to update any forward-looking statements made in this press release to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unanticipated events, except as required by law. Cloudflare may not actually achieve the plans, intentions, or expectations disclosed in our forward-looking statements, and you should not place undue reliance on our forward-looking statements.
Cloudflare, Inc. Daniella Vallurupalli Vice President, Head of Global Communications press@cloudflare.com
Source: Cloudflare, Inc.
FAQ
Who is Phil Winslow and what is his role at Cloudflare?
Phil Winslow has been appointed as Vice President of Strategic Finance, Treasury, and Investor Relations at Cloudflare, focusing on optimizing financial strategy and investor relations.
What are Cloudflare's financial goals for the next five years?
Cloudflare aims to achieve $5 billion in annualized revenue within the next five years.
What experience does Phil Winslow bring to Cloudflare?
Phil Winslow has over two decades of experience in capital markets, previously serving as global head of the software team at Credit Suisse.
How is Cloudflare planning to utilize Phil Winslow's expertise?
Cloudflare plans to leverage Winslow's expertise to enhance its financial strategy, investor relations, and support its rapid growth in the cloud services market.
