Fortinet Announces CFO Transition

Fortinet Announces CFO Transition 
Company Is Conducting a Search for a CFO and Appoints Nancy Bush as
Interim CFO 
SUNNYVALE, CA -- (Marketwired) -- 11/27/13 --  Fortinet(R) (NASDAQ:
FTNT) -- a leader in high-performance network security -- today
announced that Nancy Bush has been appointed as the Company's Interim
Chief Financial Officer. Ms. Bush is replacing Ahmed Rubaie, who will
be departing as the Company's Chief Financial Officer and Chief
Operating Officer for personal reasons. Mr. Rubaie will remain
employed with Fortinet until December 5, 2013 and will also remain
available on a reasonable basis through March 5, 2014 to respond to
inquiries to assist with the transition. Ms. Bush has served as Vice
President and Worldwide Corporate Controller of Fortinet since
December 2011. Ms. Bush also served as Interim Chief Financial
Officer of Fortinet from September 2012 to April 2013. Prior to
Fortinet, Ms. Bush held senior finance roles at ArcSight, Inc.,
Packeteer, Inc. and Maxtor Corporation. Fortinet has a search
underway for a replacement for the Chief Financial Officer position,
and, separately, a search for a senior operations executive.  
"On behalf of Fortinet, I would like to thank Ahmed for his
contributions as a senior member of our leadership team," said Ken
Xie, Fortinet's Founder, Chairman & CEO. "Fortinet is a network
security innovator and market share leader with truly differentiating
technology. We are committed to meaningful product innovation and
sales and operational execution. Although most of our quarterly sales
are closed in the last few weeks of each quarter, based on where we
stand today we are currently tracking well to guidance targets and
feel confident in our business."  
About Fortinet (www.fortinet.com) 
 Fortinet (NASDAQ: FTNT) is a
worldwide provider of network security appliances and a market leader
in unified threat management (UTM). Our products and subscription
services provide broad, integrated and high-performance protection
against dynamic security threats while simplifying the IT security
infrastructure. Our customers include enterprises, service providers
and government entities worldwide, including a majority of the 2012
Fortune Global 100. Fortinet's flagship FortiGate product delivers
ASIC-accelerated performance and integ
rates multiple layers of
security designed to help protect against application and network
threats. Fortinet's broad product line goes beyond UTM to help secure
the extended enterprise -- from endpoints, to the perimeter and the
core, including databases and applications. Fortinet is headquartered
in Sunnyvale, Calif., with offices around the world. 
Copyright Copyright 2013 Fortinet, Inc. All rights reserved. The
symbols (R) and (TM) denote respectively federally registered
trademarks and unregistered trademarks of Fortinet, Inc., its
subsidiaries and affiliates. Fortinet's trademarks include, but are
not limited to, the following: Fortinet, FortiGate, FortiGuard,
FortiManager, FortiMail, FortiClient, FortiCare, FortiAnalyzer,
FortiReporter, FortiOS, FortiASIC, FortiWiFi, FortiSwitch, FortiVoIP,
FortiBIOS, FortiLog, FortiResponse, FortiCarrier, FortiScan, FortiDB
and FortiWeb. Other trademarks belong to their respective owners.  
FTNT-F 
Forward-looking Statements 
This press release contains forward-looking statements that involve
risks and uncertainties. These forward-looking statements include
statements regarding our confidence in our business and performance
versus targets. Although we attempt to be accurate in making
forward-looking statements, it is possible that future circumstances
might differ from the assumptions on which such statements are based.
Important factors that could cause results to differ materially from
the statements herein include the following: general economic risks;
specific economic risks in different geographies and among different
customer segments, including specific economic risks such as those
that may result from the U.S. budget process; uncertainty regarding
increased business and renewals from existing customers;
uncertainties around continued success in sales growth and market
share gains; failure to convert sales pipeline into final sales;
risks associated with successful implementation of multiple
integrated software products and other product functionality risks;
execution risks around new product development and introductions and
innovation; customer support challenges; litigation and disputes and
the potential cost, distraction and damage to sales and reputation
caused thereby; market acceptance of new products and services; the
ability to attract and retain personnel and the loss of any key
personnel; changes in strategy; risks associated with management of
growth; lengthy sales and implementation cycles, particularly in
larger organizations and service providers; technological changes
that make our products and services less competitive; risks
associated with the adoption of, and demand for, the UTM model in
general and by specific customer segments; competition and pricing
pressure; and the other risk factors set forth from time to time in
our most recent Annual Report on Form 10-K, our most recent Quarterly
Report on Form 10-Q and our other filings with the SEC, copies of
which are available free of charge at the SEC's website at
www.sec.gov or upon request from our investor relations department.
All forward-looking statements herein reflect our opinions only as of
the date of this release, and we undertake no obligation, and
expressly disclaim any obligation, to update forward-looking
statements herein in light of new information or future events. 
Investor Contact:
Michelle Spolver
Fortinet, Inc.
408-486-7837
mspolver@fortinet.com 
Media Contact:
Rick Popko
Fortinet, Inc. 
408-486-7853
rpopko@fortinet.com 
 
 
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