GoTo Announces Executive Leadership Change; Names Rich Veldran CEO

Veldran, a veteran of the company, to take over leadership of GoTo, implementing strategic growth plans while continuing to oversee the company’s global finance organization

GoTo, the company making IT management, support, and business communications easy with flagship products GoTo Resolve, GoTo Connect and LogMeIn Rescue, announced that Rich Veldran, its Chief Financial Officer, has assumed the role of Chief Executive Officer. Mr. Veldran takes over for Paddy Srinivasan, who is stepping down from his role after nearly a decade with the company to pursue an opportunity outside of the IT management and business communications sector.

Mr. Veldran will lead the company, implementing its strategy for growth, while continuing to oversee GoTo’s global finance organization. Mr. Veldran joined as GoTo’s Chief Financial Officer more than three years ago and has played a pivotal role in realizing GoTo’s vision to make IT easy.

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Mike Kohlsdorf, the Chairman of the Board of GoTo, said, “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.”

“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,” added Mr. Veldran.

Mr. Veldran brings more than 30 years of experience leading strategy, finance, and operations for Dun & Bradstreet, ADP, and Procter & Gamble. Most recently, prior to joining GoTo, Veldran was a Senior Advisor and Executive Coach with Boston Consulting Group (BCG). He holds an MBA in Finance from Cornell University and a B.S. in Industrial Engineering and Operations Research from Cornell University.

Mr. Kohlsdorf concluded, “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.”

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