DigitalOcean Holdings, Inc. announced Padmanabhan Srinivasan to serve as Chief Executive Officer of the Company, effective as of the commencement of his employment, which is currently expected to be on or around February 12, 2024 (the ?Employment Date?). Yancey Spruill, the Company?s previous Chief Executive Officer and a member of the Board, would no longer serve in either such capacity upon the appointment of his successor or his earlier resignation. As such, as of the Employment Date, Mr. Spruill will depart from the Company.

Mr. Srinivasan, age 48, has served as the Chief Executive Officer of GoTo (formerly LogMeIn, Inc.), since August 2022 and, prior to serving in such capacity, Mr. Srinivasan served as the Chief Product and Technology Officer at GoTo from June 2020 to August 2022. From June 2019 to June 2020, Mr. Srinivasan served as General Manager, Data, Machine Learning Platform Services, Alexa AI at Amazon. Previously, from June 2013 to June 2019, Mr. Srinivasan held a variety of positions at GoTo, where he most recently served as Senior Vice President, Products, General Manager.

Prior to GoTo, Mr. Srinivasan co-founded Opstera, Inc., which was acquired by a subsidiary of Microsoft Corporation in 2012. Earlier in his career, Mr. Srinivasan held various product and engineering leadership positions at both Oracle Corporation and Microsoft. Mr. Srinivasan received a B.S. in Electrical and Electronic Engineering from the Birla Institute of Technology and Science and an M.B.A. from Southern Methodist University.