Paddy Srinivasan CEO, DigitalOcean

DigitalOcean Holdings, Inc. announced that its board of directors has appointed Paddy Srinivasan as CEO and as member of its board of directors.

He will start on February 12, 2024, and will participate in the company’s 4Q23 earnings call on February 21, 2024.

With a background in cloud technology and a track record of operational execution and delivering strong financial results, he is set to steer the firm through its next phase of innovation and growth.

He is joining from GoTo, a $1 billion+ revenue SaaS company and provider of cloud communication and IT management software, where he served as CEO. His strategic vision, technical acumen and unwavering commitment to addressing developer needs makes him a leader to advance DigitalOcean’s mission of simplifying cloud computing so that businesses can dedicate more time to building software that transforms the world.

Across his 25+ year career, he has consistently excelled in building products that customers love, while scaling businesses that have enduring value. The breadth of his experience in product and technology leadership includes success in both entrepreneurial endeavors, with his co-founding of Opstera, and in the world’s largest technology companies, including Oracle and Microsoft. While at GoTo (formerly LogMeIn), his roles included CEO, chief product and technology officer, SVP products and GM, and VP products and engineering. Prior to GoTo, he was GM for data, ML platform Services, Alexa AI, at Amazon.

“We are thrilled to welcome Paddy to DigitalOcean,” said Warren Adelman, executive chairman of board of directors. “Paddy’s entire career has centered on providing simple, powerful, and scalable technology solutions. His extensive product-led growth experience and proven technical leadership will enable us to execute our strategic initiatives and propel DigitalOcean to expand its large and loyal customer base while increasing the value we provide those customers, further cementing the company’s position as the go-to cloud provider for developers at the world’s most innovative startups and growing businesses.”

He has the experience and perspective for DigitalOcean’s target market. He has a deep understanding of the developer experience and is suited to guide the company to address the evolving technical needs of developers in the world’s rapidly expanding market of startups and growing digital businesses.

He started his career as a developer at Microsoft and held increasingly senior product and technology leadership roles. In addition, he successfully founded, led as CEO, and ultimately sold cloud monitoring and managed service provider Opstera to Avanade (a Microsoft-Accenture company).

“I am honored to be joining the DigitalOcean team,” he said. “DigitalOcean has established itself as a critical player in the cloud ecosystem that participates in a large and growing segment of the market and differentiates itself with a dedication to simplicity in the cloud, providing solutions that are tailored to the needs of developers in small and growing digital businesses. I look forward to collaborating with the talented team at DigitalOcean to continue to deliver a full portfolio of easy-to-use, cost-effective and highly supported cloud solutions for our customers, enabling them to realize their ambitions and use technology to fuel their growth.”

He takes the helm from outgoing CEO Yancey Spruill, who has led the company since 2019, having taken the firm public, driven material improvements in the company’s financial profile, completed several accretive acquisitions, and materially expanded the company’s customer base. Spruill will step down from his positions as CEO and a member of the board of directors upon Srinivasan’s start date.