DigitalOcean (NYSE: DOCN) shares gave up ground Tuesday on the news the company appointed Vinay Kumar as Chief Product and Technology Officer (CPTO). In this role, Vinay will lead product strategy, product development, cloud infrastructure, and security, with responsibility for defining and executing DigitalOcean’s platform roadmap as the company scales its AI inference cloud and core cloud offerings.
“Vinay brings,” this morning’s news release states, “more than a decade of senior leadership experience building, operating, and scaling large-scale cloud platforms and mission-critical infrastructure.”
Kumar was one of the founding members of Oracle Cloud Infrastructure (OCI), where he helped build and scale OCI from inception into a global hyperscale cloud platform. During his tenure, Vinay led large, multi-disciplinary product and engineering organizations and played a central role in delivering foundational services, with high reliability, and performance at scale—capabilities essential to modern cloud and AI workloads.
“Vinay has built cloud and AI platforms at scale, has tremendous product strategy acumen, understands the operational rigor required for mission-critical workloads, brings a strong track record of disciplined product execution, and will elevate our product and technology leadership,” said CEO Paddy Srinivasan.
“As DigitalOcean continues to expand its AI Inference and Cloud platforms targeting Digital and AI native enterprises, Vinay’s experience and leadership will be instrumental in translating strategy into sustained execution and driving durable, long-term value creation.”
DOCN shares dropped $1.68. or 3.2%, to $51.08.
