GoTo’s Chief Financial Officer is taking over as the company’s Chief Executive Officer from the former GoTo CEO, Paddy Srinivasan.
The new CEO of GoTo, Rich Veldran, will continue to oversee the company’s finances while implementing its growth strategy, according to the flexible-work software provider,
Srinivasan served as CEO of GoTo for nearly ten years, but he has now chosen to leave the company to become the CEO of Digital Ocean, a cloud service provider that helps developers at start-ups to build, deploy, and scale their businesses.
Mike Kohlsdorf, the Chairman of the Board of GoTo, believes Veldran has the ability to take the company forward:“We are excited for Rich to step into the Chief Executive role at this important time for the company.
“He brings a deep understanding of the business and is well-positioned to continue driving GoTo’s success with an outstanding suite of products and a strategy to invest in technology that will better serve corporations and organizations around the world.”
Kohlsdorf continued: “On behalf of the Board, we also want to thank Paddy for his many contributions to the company over his tenure with LogMeIn and GoTo and wish him well.”
Veldran joined GoTo as its CFO over three years ago and he has reportedly been fundamental in achieving GoTo’s aim of ‘making IT easy’.
He brings over 30 years of experience as a strategy, finance, and operations leader for Dun & Bradstreet, ADP, and Procter & Gamble.
His most recent position, prior to joining GoTo, was as a Senior Advisor and Executive Coach with Boston Consulting Group (BCG).
Veldran also has an MBA in Finance from Cornell University, as well as a B.S. in Industrial Engineering and Operation Research from the same institution.
The incoming CEO, Rich Veldran, commented on his promotion to the number one spot: “I am excited about the opportunities that we have to grow GoTo.
“We have an outstanding team, loyal customers, and the right approach to investing in technology that will truly transform IT for our customers.
“We are on the right path to success and have a great future.”
