LOUISVILLE, Colo. – MAY 19, 2011 –Zayo Group CFO Ken desGarennes has been recognized by the Denver Business Journal as the ‘CFO of the Year’ among Denver’s largest companies. The CFO awards are given to financial professionals in the Denver region for outstanding performance in their roles as corporate financial stewards.
In his position as CFO of Zayo, desGarennes has contributed to the growth of the company and its acquisitions over the past 4 years. Zayo was founded in 2007and has grown to a $320 million per year, annualized, provider of bandwidth infrastructure and carrier neutral colocation services across the country. In support of that growth, Ken led the organization through several rounds of debt and equity financing including its $350 million of bond offerings in addition to leading the organizations day to day financial operations.
“This award belongs to the entire team at Zayo, all of whom have worked to grow the business and ensure we’re reporting our financial results as clearly and openly as possible,” said desGarennes. “We provide supplemental earnings statements as a normal operating practice, and our customers and investors appreciate our disclosures.”
desGarennes has 18 years of experience covering accounting, planning, operations, acquisitions, and fundraising having worked in banking, corporate development, private equity and the communications industry.
“Ken is an exceptional part of Zayo’s leadership team,” states Dan Caruso, Zayo’s President and CEO. “This award is well deserved and a reflection of Ken’s commitment to the organization’s financial position.”
This award follows recent news that Caruso was selected as one of 11 business leaders to watch in 2011 by The Denver Post. The American Business Awards also chose Zayo as a finalist for its annual ‘Company of the Year’ award.
About Zayo Group
Based in Louisville, Colo., privately owned Zayo Group (www.zayo.com) is a national provider of fiber-based bandwidth infrastructure and network-neutral colocation and interconnection services. Zayo supports enterprise and regional businesses, as well as federal, state and local government agencies that require lit and dark fiber services, as well as carrier neutral colocation. Zayo provides these services over regional, metro and fiber-to-the-tower networks. Zayo was recently ranked #23 on the ColoradoBiz Top 250 Private Companies in Colorado and its President and CEO, Dan Caruso, was recently named one of the “Eleven Colorado business people to watch in 2011” by the Denver Post.