Cloudflare Taps ServiceNow Executive To Drive $5B Growth Ambition - What's Going On?

Cloudflare, Inc. (NYSE:NET) shares are trading higher On Thursday. The company disclosed the appointment of a new president of product & engineering.

In particular, the company appointed Chirantan “CJ” Desai as President of Product & Engineering to further accelerate its next phase of growth towards $5 billion in annual recurring revenue.

Desai most recently served as President and Chief Operating Officer at ServiceNow, where he managed the company's products, platform, design, AI research, engineering, customer support, cloud infrastructure operations, and customer success.

Matthew Prince, co-founder & CEO ...