Fastly, Inc. announced the planned retirement of Scott R. Lovett, its President, Go to Market. Mr. Lovett will continue in his role through a transition period into 2027 to support the hiring of a new Chief Revenue Officer and will then serve as a Senior Advisor to the company.
Key Details
- Transition Plan: Mr. Lovett notified the company on October 30, 2026, of his planned retirement on a date to be determined in 2027. He will serve as a non-employee Senior Advisor through at least June 30, 2027, after his official retirement.
- Compensation: He will continue to receive his annual base salary of $450,000 and remain eligible for his target annual commission of $450,000 during the transition period and through the initial consulting period ending June 30, 2027.
- Equity Vesting: Mr. Lovett's outstanding equity awards will continue to vest according to their existing schedules through the end of the consulting period. The agreement also includes a 100% equity acceleration clause related to a change in control.