Cloudflare appoints Janel Riley as VP Finance/CAO; Paul Underwood to step down

Cloudflare, Inc.

Janel Riley will join as VP Finance effective May 1, 2023, and become CAO on June 1, 2023.
Paul Underwood will step down as VP, Head of Finance & CAO but remain CAO until June 1, 2023.
Riley will receive $400,000 base salary, $7.5M RSUs (4-year vest), $500K RSUs (1-year), and 100K performance stock options.
Riley previously served as a Partner at KPMG and was lead audit engagement partner for Cloudflare.
Compensation details subject to Board/Compensation Committee approval under 2019 Equity Incentive Plan.

item 5.02 item 9.01

Executive movements

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Appointed

Janel Riley

Vice President, Finance and Chief Accounting Officer

NET · Cloudflare, Inc.

Effective: 2023-05-01
Filed: January 31, 2023, 6:59 PM ET

On January 25, 2023, Janel Riley signed an offer letter with Cloudflare, Inc. (the “Company”), pursuant to which she will hold the position of Vice President, Finance effective upon her commencement of employment with the Company on May 1, 2023.

Departed

Paul Underwood

Vice President, Head of Finance and Chief Accounting Officer

NET · Cloudflare, Inc.

Effective: 2023-06-01
Successor: Janel Riley
Filed: January 31, 2023, 6:59 PM ET

On January 25, 2023, Paul Underwood, the Company's Vice President, Head of Finance and Chief Accounting Officer, announced his decision to step down.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Janel Riley was appointed as Vice President, Finance and Chief Accounting Officer at Cloudflare, Inc..

Action: appointed
Role: Vice President, Finance and Chief Accounting Officer

Exact text from the filing

On January 25, 2023, Janel Riley signed an offer letter with Cloudflare, Inc. (the “Company”), pursuant to which she will hold the position of Vice President, Finance effective upon her commencement of employment with the Company on May 1, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Paul Underwood departed as Vice President, Head of Finance and Chief Accounting Officer at Cloudflare, Inc..

Action: stepped down
Role: Vice President, Head of Finance and Chief Accounting Officer

Exact text from the filing

On January 25, 2023, Paul Underwood, the Company's Vice President, Head of Finance and Chief Accounting Officer, announced his decision to step down.

View on SEC.gov

Cloudflare, Inc. filing history →

Source: SEC EDGAR

accession 0001477333-23-000003

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