People: Fortinet Inc (FTNT.O)
FTNT.O on Nasdaq
18.71USD
22 May 2013
18.71USD
22 May 2013
Price Change (% chg)
$-0.49 (-2.55%)
$-0.49 (-2.55%)
Prev Close
$19.20
$19.20
Open
$19.21
$19.21
Day's High
$19.31
$19.31
Day's Low
$18.48
$18.48
Volume
2,809,478
2,809,478
Avg. Vol
2,847,192
2,847,192
52-wk High
$28.23
$28.23
52-wk Low
$17.26
$17.26
Summary
| Name | Age | Since | Current Position |
|---|---|---|---|
Ken Xie |
49 | President, Chief Executive Officer, Director | |
Ahmed Rubaie |
46 | 2013 | Chief Financial Officer, Chief Operating Officer |
Michael Xie |
43 | Vice President - Engineering, Chief Technical Officer, Director | |
John Whittle |
43 | 2007 | Vice President - Corporate Development and Strategic Alliances, General Counsel, Corporate Secretary |
Kenneth Goldman |
64 | 2012 | Vice President |
Ming Hsieh |
2013 | Director | |
William Neukom |
59 | 2013 | Director |
Hong Liang Lu |
57 | 2008 | Independent Director |
Gregory Myers |
2008 | Independent Director | |
Christopher Paisley |
60 | 2004 | Independent Director |
Biographies
| Name | Description |
|---|---|
Ken Xie |
Mr. Ken Xie is President, Chief Executive Officer and Director of Fortinet Inc. Prior to co-founding Fortinet, Mr. Ken Xie was the Founder, President and Chief Executive Officer of NetScreen Technologies, Inc. (“NetScreen”), a provider of network security products, which was acquired by Juniper Networks, Inc., an IP network solutions company, in April 2004. Additionally, Mr. Ken Xie was Managing Partner of Jedi Venture, Founder, President, and Chief Executive Officer of Stanford Infosystems International, Inc. and Security Architect for Healtheon Corporation, a health information services company, and Philips Semiconductors, a computer equipment manufacturer. Mr. Ken Xie received a B.S. and an M.S. in electrical engineering from Tsinghua University in China and an M.S. in electrical engineering from Stanford University. Mr. Ken Xie has more than 20 years of technical and management experience in the networking and security industries, which includes his roles as a founder of Fortinet, Netscreen, Stanford Infosystems International, Inc. and as President and Chief Executive Officer of each of the foregoing companies. |
Ahmed Rubaie |
Mr. Ahmed Rubaie has been appointed as Chief Financial Officer, Chief Operating Officer of Fortinet Inc., effective April 16, 2013. Prior to joining the Company, Mr. Rubaie served as Executive Vice President and Chief Financial Officer of Ariba, Inc., a cloud-based business-to-business commerce company, from August 2008 until its acquisition by SAP America, Inc. in September 2012. From December 2000 to July 2008, Mr. Rubaie held various senior finance positions at Avery Dennison Corporation, a global labeling and packaging materials and solutions company. Prior to Avery Dennison, Mr. Rubaie held various positions at BHP Billiton plc, and spent six years in public accounting with both Coopers & Lybrand and Deloitte & Touche. Mr. Rubaie holds a B.A. in Economics and Management from Albion College and a J.D. from University of Detroit Mercy School of Law. |
Michael Xie |
Mr. Michael Xie is Vice President - Engineering, Chief Technical Officer and Director of Fortinet Inc. He has served as the Vice President of Engineering and Chief Technical Officer since co-founding the company in October 2000. Previously, he held positions as Vice President of Engineering for ServGate Technologies, Inc., a network security provider acquired by Amarium Technologies, Inc. in April 2006, Software Director and Architect for NetScreen, and Senior Software Engineer for Milkyway Networks Corporation, a network security solutions provider. Mr. Michael Xie has an M.S. degree in electrical engineering from the University of Manitoba in Canada as well as a B.S. and an M.S. in automobile engineering from Tsinghua University in China. Mr. Michael Xie has more than 15 years of technical and operational experience in the network security industry, which includes positions as the Chief Technical Officer of Fortinet, Vice President of Engineering for ServGate Technologies, Inc. and Software Director and Architect for NetScreen. |
John Whittle |
Mr. John Whittle is Vice President - Corporate Development and Strategic Alliances, General Counsel and Corporate Secretary of Fortinet Inc. He has served as Vice President and General Counsel since October 2006 and Corporate Secretary since January 2007 and Vice President of Corporate Development and Strategic Alliances since October 2010. From March 2006 to October 2006, Mr. Whittle was Vice President and General Counsel for Ingres Corporation, an open source database company formed by a divestiture from Computer Associates. Prior to working at Ingres, from January 2000 to March 2005, Mr. Whittle was Vice President and General Counsel for Corio, Inc., an enterprise application services provider, through the acquisition of Corio by International Business Machines Corporation (“IBM”), a provider of integrated solutions that leverage information technology and business processes. Mr. Whittle worked from March 2005 to March 2006 with IBM following its acquisition of Corio. Prior to joining Corio, Mr. Whittle was an attorney at the law firm of Wilson Sonsini Goodrich & Rosati, P.C. from 1996 to 2000, representing technology companies in general corporate matters and initial and follow-on public offerings. Mr. Whittle holds a B.A. degree in history from the University of Virginia and a J.D. from Cornell University Law School. |
Kenneth Goldman |
Mr. Kenneth A. Goldman is Vice President of Fortinet Inc. From November 2006 until August 2007, Mr. Goldman was the Executive Vice President and Chief Financial Officer of Dexterra, Inc., a provider of mobile enterprise software. Prior to joining Dexterra, from August 2000 through March 2006, Mr. Goldman was Senior Vice President of Finance and Administration and Chief Financial Officer of Siebel Systems, Inc., a supplier of customer software solutions and services that was acquired by Oracle Corp. in January 2006. From July 1996 to July 2000, he served as Senior Vice President of Finance and Chief Financial Officer of Excite@Home, Inc., an internet service provider. Mr. Goldman currently serves as a member of the board of directors of Infinera Corporation, a provider of digital optical networking systems, and NXP Semiconductors NV, a semiconductor company. Mr. Goldman served on the board of directors of BigBand Networks, Inc., a networking equipment company from April 2006 until November 2011 when it was acquired by ARRIS Group, Inc.; Starent Networks Corp., a provider of networking solutions, from February 2006 until December 2009 when it was acquired by Cisco Systems, Inc.; Juniper Networks, Inc., an IP network solutions company, from September 2003 until his resignation from the position in January 2008; and Leadis Technology, Inc., a fabless semiconductor company, from January 2004 until his resignation from the position in September 2008. Mr. Goldman also served as a member of the Treasury Advisory Committee on the Auditing Profession. He is a member of the board of trustees of Cornell University. Mr. Goldman holds a B.S. in electrical engineering from Cornell University and an M.B.A. from Harvard Business School. |
Ming Hsieh |
|
William Neukom |
Mr. William Neukom is Director of Fortinet, Inc. Mr. Neukom is a well-respected technology company executive with experience helping scale high-growth organizations. He began representing Microsoft (NASDAQ: MSFT) upon its move to Seattle in 1979 when it had just 12 employees. He joined the company in 1985 to form its Law and Corporate Affairs department and served as its chief legal officer until his retirement in 2002 as an Executive Vice President. Mr. Neukom's diverse business experience also includes serving as the managing general partner of the San Francisco Giants League Baseball team and currently serving as the founder and CEO of the World Justice Project, an organization dedicated to strengthening the Rule of Law globally. Mr. Neukom holds a B.A. degree from Dartmouth College and an L.L.B. degree from Stanford Law School. |
Hong Liang Lu |
Mr. Hong Liang Lu is an Independent Director of Fortinet Inc., since March 2008. Mr. Lu is a co-founder of UTStarcom, Inc., a provider of IP-based communications products and services, has been a director of UTStarcom since 1991 and has served as chairman of the board from 2003 to 2006 and from July 2008 to August 2009. From June 1991 to July 2008, Mr. Lu also served as the Chief Executive Officer of UTStarcom. On May 1, 2008, the Securities and Exchange Commission entered into a settlement with UTStarcom and its CEO (Mr. Lu) and CFO providing that Mr. Lu failed to take adequate steps to ensure that UTStarcom filed accurate financial statements, made and kept accurate books and records and implemented and maintained adequate internal controls. Also, as a result of the foregoing, Mr. Lu’s certifications filed with certain quarterly and annual reports of UTStarcom were incorrect as UTStarcom restated its financial statements several times due to inadequate internal controls and improper accounting for and disclosure of certain transactions. As part of the settlement, Mr. Lu paid a civil penalty of $100,000 and consented to an injunction against future violations of these securities laws. The settlement did not involve allegations of fraud or limit Mr. Lu’s ability to serve as an officer or director of any public company. From 1986 through 1990, Mr. Lu served as President and Chief Executive Officer of Kyocera Unison, a majority-owned subsidiary of Kyocera International, Inc. Mr. Lu served as President and Chief Executive Officer of Unison World, Inc., a software development company, from 1983 until its merger with Kyocera in 1986. From 1979 to 1983, Mr. Lu served as Vice President and Chief Operating Officer of Unison World, Inc. Mr. Lu holds a B.S. in civil engineering from the University of California at Berkeley. Mr. Lu has leadership, operational and executive experience by serving as a director and Chief Executive Officer of UTStarcom. |
Gregory Myers |
Mr. Gregory E. Myers resigned as an Independent Director of Fortinet Inc., effective June 14, 2012. From October 2007 until May 2010, Mr. Myers served as a director of Altera Corporation, a supplier of programmable semiconductors and related products. He served as a director of Packeteer Inc., a provider of wide area network application delivery systems, from July 2006 until its sale to Blue Coat Systems, Inc. in June 2008. He also served as a director of Maxtor Corporation, a supplier of hard disk drives for desktop, enterprise and consumer electronics applications, from August 2003 until its sale to Seagate Technology in May 2006. Mr. Myers served as the Chief Financial Officer of Symantec Corporation, a personal computer security software company, from 1999 to 2005, and held various other senior finance positions at Symantec from 1993 to 1999. Mr. Myers holds a B.S. from California State University, Hayward and an M.B.A. in finance from Santa Clara University. |
Christopher Paisley |
Mr. Christopher B. Paisley is an Independent Director of Fortinet Inc., since February 2004. Since January 2001, Mr. Paisley has served as the Dean’s Executive Professor of Accounting and Finance at the Leavey School of Business at Santa Clara University. Mr. Paisley also serves as chairman of the board of directors of Volterra Semiconductor, Inc., a provider of power management semiconductors, lead independent director of Equinix, Inc., a provider of network colocation, interconnection and managed services, and a member of the board of directors of Bridge Capital Holdings, a bank holding company. He also served as a director of Electronics for Imaging, Inc., a supplier of color digital print controllers, super-wide and wide format printers and inks, and print management solutions, from July 2004 until April 2008 and of 3Par Inc., a provider of utility storage solutions, from July 2006 until 3Par’s acquisition by Hewlett Packard in September 2010. Mr. Paisley holds a B.A. in business economics from the University of California at Santa Barbara and an M.B.A. from the Anderson School at the University of California at Los Angeles. Mr. Paisley has developed experience in finance, including accounting and financial reporting, as a Chief Financial Officer and in other finance roles and currently as a professor in the field of accounting and finance. Mr. Paisley also has 15 years of outside board experience at the aforementioned companies and numerous other public and private companies. |
Basic Compensation
| Name | Fiscal Year Total |
|---|---|
Ken Xie |
1,625,040 |
Ahmed Rubaie |
-- |
Michael Xie |
1,539,680 |
John Whittle |
1,036,340 |
Kenneth Goldman |
1,600,870 |
Ming Hsieh |
-- |
William Neukom |
-- |
Hong Liang Lu |
-- |
Gregory Myers |
-- |
Christopher Paisley |
-- |
As Of 30 Dec 2011
Options Compensation
| Name | Options | Value |
|---|---|---|
Ken Xie |
180,000 | 5,239,950 |
Ahmed Rubaie |
0 | 0 |
Michael Xie |
160,000 | 2,893,250 |
John Whittle |
111,646 | 1,774,760 |
Kenneth Goldman |
334,520 | 5,714,130 |
Ming Hsieh |
0 | 0 |
William Neukom |
0 | 0 |
Hong Liang Lu |
0 | 0 |
Gregory Myers |
0 | 0 |
Christopher Paisley |
0 | 0 |
| Name | Shares Traded | Price |
|---|---|---|
LU HONG LIANG |
25,000 | $3.74 |
LU HONG LIANG |
25,000 | $24.12 |
WHITTLE JOHN |
14,584 | $3.74 |
WHITTLE JOHN |
14,584 | $25.00 |
WHITTLE JOHN |
631 | $23.49 |
WHITTLE JOHN |
1,042 | $8.43 |
PAISLEY CHRISTOPHER B |
10,000 | $0.48 |
PAISLEY CHRISTOPHER B |
10,000 | $23.59 |
WHITTLE JOHN |
1,042 | $23.65 |
WHITTLE JOHN |
1,042 | $19.65 |
WHITTLE JOHN |
1,042 | $8.43 |
WHITTLE JOHN |
1,042 | $8.43 |
WHITTLE JOHN |
1,042 | $19.07 |
PAISLEY CHRISTOPHER B |
10,000 | $20.00 |
WHITTLE JOHN |
1,042 | $8.43 |
PAISLEY CHRISTOPHER B |
10,000 | $0.48 |
WHITTLE JOHN |
1,042 | $19.50 |
WHITTLE JOHN |
1,040 | $8.43 |
WHITTLE JOHN |
1,040 | $27.38 |
WHITTLE JOHN |
2,916 | $26.49 |
GOLDMAN KENNETH ALLEN |
4,000 | $3.74 |
GOLDMAN KENNETH ALLEN |
2,000 | $8.43 |
WHITTLE JOHN |
2,916 | $3.74 |
GOLDMAN KENNETH ALLEN |
2,000 | $26.55 |
GOLDMAN KENNETH ALLEN |
4,000 | $26.49 |

