Fastly Names Richard Wong as New CFO, Shares Surge 9%

Fastly appoints Richard Wong as new CFO, effective August 11, 2025, succeeding Ronald Kisling. Wong previously served as CFO at Benchling and will lead the company's financial strategy. Kisling will stay on as an advisor through September 15, 2025, to ensure a smooth transition. Shares rose 9% following the announcement.

SAN FRANCISCO - Fastly, Inc. (NYSE: FSLY), a provider of edge cloud platforms, has announced the appointment of Richard "Rich" Wong as its new Chief Financial Officer (CFO), effective August 11, 2025. Wong will replace Ronald W. Kisling, who is departing to pursue other opportunities. The appointment comes as Fastly seeks to strengthen its financial leadership and navigate its current fiscal year's profitability challenges [1].

Wong brings nearly three decades of finance leadership experience from both public technology companies and investment banks. He most recently served as CFO at Benchling, a vertical SaaS company, where he helped scale revenue, launch new products, and expand internationally. His previous roles include CFO at Houzz Inc. and senior finance positions at LinkedIn and Yahoo!, following earlier career experience at JP Morgan and Banc of America Securities [1].

Kisling will remain with Fastly in an advisory capacity through September 15, 2025, to facilitate the transition. In a concurrent leadership change, Scott R. Lovett has been promoted to President, Go to Market, effective immediately. Lovett will oversee both the revenue and marketing organizations, with Chief Marketing Officer Albert Thong now reporting to him [1].

"Rich has a well-earned reputation as a builder with experience in growing high-performing teams in rapidly scaling environments," said David Hornik, Chairperson of Fastly’s Board of Directors, in a press release statement. Wong holds an MBA from Northwestern University’s Kellogg School of Management and a Bachelor of Science in Business Administration from the University of California, Berkeley [1].

Fastly's stock rose 9% following the announcement, indicating a positive market response to the appointment. The company currently has a market capitalization of approximately $947 million and maintains a healthy gross profit margin of 54%. However, it faces profitability challenges and moderate debt levels in the current fiscal year [1].

This appointment is part of a series of strategic leadership enhancements at Fastly, which also includes the appointment of Kip Compton as CEO, succeeding Todd Nightingale, and the addition of Albert Thong as Chief Marketing Officer and Tara Seracka as Chief Legal Officer [1].

References:
[1] https://ng.investing.com/news/company-news/fastly-names-richard-wong-as-new-cfo-promotes-scott-lovett-93CH-2047830