BOULDER, Colo. –
Zayo Group Holdings, Inc. (NYSE: ZAYO) today announced that Scott Drake
has been elected by shareholders and Yancey Spruill has been appointed
by the Board to the company’s Board of Directors, effective today. Drake
is replacing Nina Richardson, whose term expired yesterday. Spruill is
replacing Phil Canfield, who resigned following the November Board
meeting, after completing a six-year tenure. Phil’s departure follows
GTCR’s exit of its ownership position in the summer of 2018.
“I’d like to thank Nina and Phil for their contributions. Nina’s
operational expertise was valuable as we’ve continued to expand
internationally. Phil provided insightful guidance over a critical
period in Zayo’s history and was instrumental in many of Zayo’s
acquisitions, including AboveNet. GTCR saw the tremendous opportunity in
Zayo’s thesis and as a result achieved a strong return on their
investment,” said Dan Caruso, chairman and CEO at Zayo.
“Both Scott and Yancey are seasoned leaders of multiple successful
international tech companies. Scott has a strong track record of
leadership, which extends to global business strategy, operational
execution and company culture. Yancey has helped steer two Silicon
Valley-like companies to impressive growth and successful IPOs. They
have the complementary skills and insight that are relevant for Zayo’s
current stage of growth,” added Caruso.
Scott Drake is a proven leader in the medical device space and has a
strong track record of growing technology-based companies. Drake was
recently named president and CEO of ViewRay, Inc., a public medical
device manufacturer in Mountain View, California. He previously served
as president and CEO of a public medical device manufacturer, The
Spectranetics Corporation from 2011 to 2017, until the company was sold
to Royal Philips for $1.9B. Prior to joining Spectranetics, Drake served
as SVP, Operations, of DaVita, Inc., a leading U.S. provider of kidney
care and dialysis. Previously, Drake spent 17 years in several
leadership positions within numerous health care business units at
Covidien. From 2006 to 2009, Drake was Global Business Unit president,
Respiratory and Monitoring Solutions. He is chairman of the Boards of
AtriCure and Just Right Surgical and serves on the Board of Directors of
the Medical Device Manufacturers Association (MDMA). Drake graduated
from the Miami University of Ohio with a Bachelor of Science in Business.
Yancey Spruill is CFO and COO of SendGrid, where he is responsible for
financial and operational performance. Yancey’s career has spanned
multiple businesses and industries in both technology and services. In
his previous roles as an engineer, investment banker and operating
executive of a public company, he successfully directed over $25B in
capital-raising transactions and acquisitions. Prior to SendGrid, Yancey
served as the CFO of TwentyEighty, a business focused on corporate
training, and prior to that served as the CFO of DigitalGlobe, where he
led the company’s revenue growth from $60M to over $650M and spearheaded
its 2009 public offering on the NYSE. Yancey holds a Bachelor of
Electrical Engineering from Georgia Tech and an MBA from the Tuck School
at Dartmouth College, where he currently sits on the advisory board to
the MBA program.
About Zayo Group
Zayo Group Holdings, Inc. (NYSE: ZAYO) provides communications
infrastructure solutions, including fiber and bandwidth connectivity,
colocation and cloud infrastructure 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
130,000-mile network in North America 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 infrastructure
in its carrier-neutral data centers. Zayo provides users with flexible,
customized solutions and self-service through Tranzact, an innovative
online platform for managing and purchasing bandwidth. 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 10-K dated August 24, 2018. 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20181107005831/en/
Zayo Group Holdings, Inc.
Media:
Shannon
Paulk, 303-577-5897
Corporate Communications
press@www.zayo.com
or
Investors:
Brad
Korch, 720-306-7556
Investor Relations
IR@www.zayo.com