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# Fastly Sales Chief Scott Lovett Plans To Retire In 2027, And The Company Starts A CRO Search
- URL: https://www.bullished.co/fastly-sales-chief-scott-lovett-plans-to-retire-in-2027-and-the-company-starts-a-cro-204b10fd/
- Published: 2026-11-04T22:58:34.000Z
- Updated: 2026-11-04T22:58:34.000Z
- Description: Lovett keeps his $450,000 salary until he retires, then becomes a Senior Advisor with fees through June 30, 2027.
- Author: Matteo Parrino
- Tags: SEC Filings, FSLY, Industry: Technology

Fastly, which runs an edge cloud platform for building, securing and delivering websites and apps, said Wednesday that Scott Lovett, its President of Go To Market, [plans to retire in 2027](https://www.sec.gov/Archives/edgar/data/0001517413/000151741326000343/fsly-20261030.htm?ref=bullished.co) and that it is starting a search for a Chief Revenue Officer. Lovett told the company of his plan on October 30, and the exact retirement date is to be set during 2027.

## Pay and equity terms through the exit

Until he retires, Lovett keeps his $450,000 base salary and a target annual commission of $450,000, and he stays eligible for benefits. He is not eligible for new equity awards, according to the [8-K](https://www.bullished.co/learn/8-k-items-explained/). In that period he will keep running his duties and help identify, hire and onboard the new CRO.

After the retirement date, he becomes a non-employee Senior Advisor through June 30, 2027, or a later date agreed in writing. Consulting fees run at an annual rate equal to his base salary, he stays eligible for commissions, and he gets a monthly cash payment in lieu of benefits. His existing equity keeps vesting through the end of that period.

If a change in control hits before he retires, or within three months after a termination without cause or a resignation for good reason before that date, all of his unvested equity vests. Performance-based conditions would count as met at the greater of target and actual performance. Subject to a release of claims, he is also eligible for a lump sum equal to one month of base salary.

## A sales rebuild since 2024

Lovett joined Fastly in 2024\. The company's [press release](https://www.sec.gov/Archives/edgar/data/0001517413/000151741326000343/ex991-pressreleasedatednov.htm?ref=bullished.co) says he led an overhaul of the go-to-market organization, deepening executive selling in its largest enterprise accounts and strengthening adoption of multiple products together.

CEO Kip Compton said Lovett "elevated our go-to-market engine," and pointed to four straight quarters of revenue growth of 20% or more. Lovett said, "I've loved my time at Fastly."

Fastly sells a content delivery network, security tools such as a web application firewall and bot management, and a serverless computing service, to customers in ecommerce, streaming, gaming and other industries.

## Shares drop on earnings day

The announcement came with third-quarter results. Shares [fell more than 15%](https://seekingalpha.com/news/4665086-fastly-free-falls-after-q3-earnings-go-to-market-head-lovett-retiring?ref=bullished.co) in after-hours trading Wednesday. [Benzinga](https://www.benzinga.com/markets/earnings/26/11/62897203/fastly-reports-double-beat-raises-guidance-shares-fall-what-investors-should-know?ref=bullished.co) put the after-hours price at $17.30, down 17.5% from the close.

Lovett will keep leading the sales organization and work with Compton on the search until a CRO is appointed and the transition is done.

Learn

- [Item 5.02: directors and officers leave or join, or executive pay is set →](https://www.bullished.co/learn/8-k-items-explained/#item-502-directors-and-officers-leave-or-join-or-executive-pay-is-set)  
From 8-K Items Explained: What Every Item Code From 1.01 To 9.01 Tells You, With Examples

### Sources

- [8-K Filing — Fastly, Inc. (FSLY)](https://www.sec.gov/Archives/edgar/data/0001517413/000151741326000343/fsly-20261030.htm?ref=bullished.co) — SEC EDGAR
- [Exhibit ex991-pressreleasedatednov.htm — Fastly, Inc. 8-K exhibit](https://www.sec.gov/Archives/edgar/data/0001517413/000151741326000343/ex991-pressreleasedatednov.htm?ref=bullished.co) — SEC EDGAR
- [Fastly Reports Double Beat, Raises Guidance, Shares Fall: What Investors Should Know](https://www.benzinga.com/markets/earnings/26/11/62897203/fastly-reports-double-beat-raises-guidance-shares-fall-what-investors-should-know?ref=bullished.co) — benzinga.com
- [Fastly free falls after Q3 earnings; go-to-market head Lovett retiring | Seeking Alpha](https://seekingalpha.com/news/4665086-fastly-free-falls-after-q3-earnings-go-to-market-head-lovett-retiring?ref=bullished.co) — seekingalpha.com
- [Fastly Announces Leadership Transition in Go To Market as Scott Lovett Plans to Retire](https://www.businesswire.com/news/home/20261104005542/en/Fastly-Announces-Leadership-Transition-in-Go-To-Market-as-Scott-Lovett-Plans-to-Retire?ref=bullished.co) — businesswire.com