New organizational structure to drive global growth
BOULDER, Colo. – November 10, 2015 – Global bandwidth infrastructure provider Zayo Group Holdings, Inc. (“Zayo” or “the Company”) (NYSE: ZAYO) today announced organizational and leadership changes that will enable Zayo to intensify focus in key strategic areas and continue to accelerate global growth. Zayo will reorganize along two principal operating units: Strategic Business Segments, reporting to co-COO Chris Morley, and Global Sales and Customer Success, reporting to co-COO Matt Erickson.
“Today’s announcement represents the next step in Zayo’s evolution,” said Dan Caruso, chairman and CEO of Zayo. “Over the past eight years, we’ve grown from a start-up to an almost $1.5 billion revenue bandwidth infrastructure leader. These changes will accelerate our positive momentum and intensify our focus on key global opportunities.”
The Strategic Business Segments will encompass our revised reportable segments consisting of:
- Dark Fiber Solutions, including Metro Dark Fiber, Intercity Dark Fiber and Mobile Infrastructure product groups. Dave Jones, who has been with Zayo since 2012 as the leader of Mobile Infrastructure, will serve as executive vice president, Dark Fiber Solutions.
- Network Connectivity Services, including Wavelengths, Ethernet, IP, Video, and SONET product groups. Max Clauson, who has led both IP Services and Wavelengths and has been with Zayo since 2011, will serve as executive vice president, Network Connectivity Services.
- Colocation and Cloud Infrastructure will include Zayo’s current Cloud and ZColo product groups. Greg Friedman, who currently leads the Ethernet team and has been with Zayo since 2010, will serve as executive vice president, Colocation and Cloud Infrastructure.
- Also reporting to Morley are Dan Enright, executive vice president of Field and Construction Services and Greg Hadlock, executive vice president of Network Management.
Zayo will publicly report as four segments, Dark Fiber Solutions, Colocation and Cloud Infrastructure, Network Connectivity, and Other, beginning with second quarter results for fiscal year 2016.
The Global Sales and Customer Success team includes:
- Sales, reporting to Glenn Russo, President
- Sales and Solutions Engineering, reporting to Anthony Lingis, vice president
- Strategic Marketing and Alliances, reporting to Dennis Kyle, senior vice president
- Tranzact, IT, Big Data, Billing and Client Services reporting to Sandi Mays, executive vice president
- Security, reporting to Robert Johnston, senior vice president
Other key leadership appointments and announcements include:
- Karl Maier has joined Zayo as president of International and will replace David Howson, who recently announced his decision to leave Zayo after five years with the company. Reporting to Maier are Alastair Kane, managing director of Zayo U.K. and Ireland, Florian Du Boys, CEO of Zayo France, and Bruce Garrison, senior director of Global Reach. Maier has more than 15 years of experience leading international telecommunications and technology businesses. Most recently, Karl was CEO of Market Force Information, an international provider of customer intelligence solutions to many of the world’s leading retail companies. He co-founded Market Force and led its growth through a combination of organic expansion and acquisitions.
- Chris Yost will serve as interim General Counsel, replacing Scott Beer, who has decided to leave after eight years with the Company.
- Stephanie Copeland, president of zColo, who decided to resign to spend time with her family.
« David, Stephanie, and Scott will always be part of the Zayo family and we appreciate their countless contributions and the leadership they continue to provide as we transition their responsibilities, » added Caruso. “Although we are prepared for their departure, we will miss them. They are valued colleagues and friends.”
About Zayo Group
Zayo Group Holdings, Inc. (NYSE: ZAYO) provides bandwidth infrastructure services, including fiber and bandwidth connectivity, colocation and cloud services to the world’s leading businesses. Customers include wireless and wireline carriers, media and content companies and finance, healthcare and other large enterprises. Zayo’s 87,000-mile network in the U.S. and Europe includes extensive metro connectivity to thousands of buildings and data centers. In addition to high-capacity dark fiber, wavelength, Ethernet and other connectivity solutions, Zayo offers colocation and cloud services in its carrier-neutral data centers. Zayo provides clients with flexible, customized solutions and self-service through Tranzact, an innovative online platform for managing and purchasing bandwidth and services. For more information, visit zayo.com.
Forward Looking Statements
This press release contains a number of forward-looking statements. Words, and variations of words such as « believe, » « expect, » « plan, » « continue, » « will, » « should, » and similar expressions are intended to identify our forward-looking statements. No assurance can be given that future results expressed or implied by the forward-looking statements will be achieved and actual results may differ materially from those contemplated by the forward-looking statements. These forward-looking statements involve risks and uncertainties, many of which are beyond our control. For additional information on these and other factors that could affect our forward-looking statements, see our risk factors, as they may be amended from time to time, set forth in our filings with the SEC, including our Annual Report on Form 10-K filed on September 18, 2015. We disclaim and do not undertake any obligation to update or revise any forward-looking statement in this press release, except as required by applicable law or regulation.