Fortinet Appoints New CFO

SUNNYVALE, Calif. -- Fortinet, the pioneer and leading provider of unified threat management (UTM) solutions, today announced that Ken Goldman, a seasoned and respected financial industry veteran, has joined the company as Chief Financial Officer (CFO).

Mr. Goldman is an accomplished executive with extensive financial, operational and business management experience and a solid track record of success. He served as senior vice president, finance and administration, and CFO of Siebel Systems from August 2000 until the close of Oracle Corporation's acquisition in January 2006. Prior to that, he held CFO positions at Excite@Home, Sybase, Inc., Cypress Semiconductor and VLSI Technology. Additionally, his experience includes board director, audit committee chairman, and financial advisory roles at several leading public and private technology companies.

Mr. Goldman earned his bachelor's degree in electrical engineering from Cornell University in 1971 and his master's degree in business administration from Harvard Business School in 1974. He is a member and the former president of The Financial Executive Institute, Santa Clara chapter, and was formerly a member of the Financial Accounting Standards Board Advisory Council (FASAC) from 2000 to 2004.

“Ken Goldman has earned his reputation as one of the industry’s most respected financial executives. With numerous career choices available, his decision to join Fortinet is a testament to our accomplishments and potential as a company,” said Ken Xie, founder, president and CEO of Fortinet. “Ken’s vast experience will greatly benefit Fortinet as we move forward. We are pleased to have him on board and look forward to his contributions to the company.”

Fortinet Inc.