Limelight Confirms Robert Lento As Permanent CEO

Don't let it get away!

Keep track of the stocks that matter to you.

Help yourself with the Fool's FREE and easy new watchlist service today.

On Tuesday, Limelight Networks (NASDAQ: LLNW  ) announced that it has confirmed interim CEO Robert Lento as its permanent CEO, effective immediately. Simultaneously, the company said former CEO Jeff Lunsford will step down from his post as chairman of the Board of Directors, while Lento takes a place on the board.

Lento has served as interim CEO of Limelight since Nov. 26, during which time the company's shares rallied nearly 38% to hit a recent high near $2.30. The shares dipped a bit today, down 0.9%. Before Lento's appointment, however, Limelight lost nearly 80% of its market cap, falling from a February 2011 high of more than $8 to a low of $1.67 when Lento's appointment as interim CEO was announced.

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2208756, ~/Articles/ArticleHandler.aspx, 2/6/2016 7:01:23 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Rich Smith

I like things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well. Follow me on Twitter or Facebook for the most important developments in defense & aerospace news, and other great stories besides.

Today's Market

updated 20 hours ago Sponsored by:
DOW 16,204.97 -211.61 -1.29%
S&P 500 1,880.05 -35.40 -1.85%
NASD 4,363.14 -146.42 -3.25%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

2/5/2016 3:59 PM
LLNW $1.10 Down -0.02 -1.79%
Limelight Networks… CAPS Rating: **