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Akamai Chairman George Conrades to retire

Akamai Technologies Inc. AKAM, +2.84% stated Chairman George Conrades will retire, effective June 1, after about 8 years within the position. The cloud supply company stated Frederic Salerno, the lead independent director and former vp of Verizon Communications Inc. VZ, +1.69% has been appointed chairman, effective instantly. Conrades was named chairman and leader executive of Akamai in April 1999, then he turned into executive chairman in April 2005 before being named chairman in July 2010. The inventory, which was still inactive in premarket business, has rallied 10.7% during the last three months, whilst the S&P 500 SPX, +2.72% has slipped 0.nine%.