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    Padmanabhan Srinivasan

    Chief Executive Officer at DigitalOcean Holdings Inc
    Board
    Since February 12, 2024
    Age
    49 years
    Education
    Holds a B.S. in Electrical and Electronic Engineering from the Birla Institute of Technology and Science and an MBA from Southern Methodist University.
    Tenure
    Joined DOCN on February 12, 2024 as the Chief Executive Officer and a member of the Board of Directors.

    Also at DigitalOcean Holdings Inc

    CB
    Cherie Barrett
    Senior Vice President and Chief Accounting Officer
    WMS
    W. Matthew Steinfort
    Chief Financial Officer

    About

    Padmanabhan Srinivasan is a 49-year-old executive with a robust background in technology and leadership. He has built his career in high-profile roles spanning prominent firms such as Microsoft, Oracle, and Amazon, and has also co-founded a cloud startup that was acquired by a Microsoft subsidiary.

    Educated with a B.S. in Electrical and Electronic Engineering from the Birla Institute of Technology and Science and an MBA from Southern Methodist University, his academic credentials underpin his extensive experience in product and engineering leadership.

    His professional journey includes transformative roles at GoTo and a brief tenure at Amazon before assuming his current role at DOCN on February 12, 2024, where he serves as both Chief Executive Officer and a board member. His leadership is marked by a strategic vision and technical expertise aimed at driving innovation and simplifying cloud computing solutions.

    $DOCN Performance Under Padmanabhan Srinivasan

    Past Roles

    OrganizationRoleDate RangeDetails
    GoTo (formerly LogMeIn) Chief Executive Officer Aug 2022 - Feb 2024 Provider of SaaS and cloud-based remote work tools for collaboration and IT management
    GoTo (formerly LogMeIn) Chief Product and Technology Officer June 2020 - August 2022 Held role preceding the CEO appointment
    Amazon General Manager, Data, Machine Learning Platform Services, Alexa AI June 2019 - June 2020 N/A
    GoTo (formerly LogMeIn) Senior Vice President, Products, General Manager June 2013 - June 2019 Multiple leadership roles culminating in the stated position
    Opstera, Inc. Co-Founder N/A Acquired by a Microsoft subsidiary in 2012
    Microsoft Corporation Various product and engineering leadership positions N/A N/A
    Oracle Corporation Various product and engineering leadership positions N/A N/A

    Fixed Compensation

    Data from  FY 2024
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary$600,000 AnnualFixed annual base salary for 2024
    Sign-On Bonus$600,000 One-time at hireSubject to pro-rata repayment if terminated for cause or resigns without good reason within 12 months
    RSUs$17,000,000 Vesting over time25% vesting approximately one year from the employment date; remaining shares vest in 12 equal quarterly installments

    Performance Compensation

    Data from  FY 2024

    MRSUs

    ParameterValue
    Grant DateFeb 12, 2024
    Grant Date Fair Value ($USD)$8,000,000
    Grant Date Stock Price ($USD)$39.43
    Target Shares193,178 shares
    Maximum Shares289,767 shares
    TrancheStock Price Target ($USD)Payout (% of Target MRSUs)
    1$65.00 25%
    2$100.00 50%
    3$135.00 100%
    4$170.00 150%
    Vesting EventConditionVesting Details
    Third AnniversaryAchievement during the first 3 years50% of eligible MRSUs vest
    Fifth AnniversaryTargets achieved in the first period remaining or met in the second periodRemaining 50% or 100% vest on the 5th anniversary

    PRSUs

    ParameterValue
    Grant DateFeb 12, 2024
    Grant Date Fair Value ($USD)$8,000,000
    Grant Date Stock Price ($USD)$39.43
    Target Shares193,178 shares
    Maximum Shares289,767 shares
    TrancheStock Price Target ($USD)Total Payout (% of Target PRSUs)
    1$65.00 25%
    2$100.00 50%
    3$135.00 100%
    4$170.00 150%
    Vesting EventConditionVesting Details
    Third AnniversaryAchievement during the first 3 years50% of eligible PRSUs vest
    Fifth AnniversaryTargets met in the second period or remaining amountsRemaining vest on the 5th anniversary