Zayo Announces Resignation of Chief Operating Officer
BOULDER, Colo. –
Today, Zayo Group Holdings, Inc. (NYSE: ZAYO) announced that president
and COO Andrew Crouch has resigned from the company, effective
immediately. Crouch communicated that he has no immediate plans and will
be taking time to consider his next venture. Crouch’s resignation is not
related to his or the company’s performance. In his tenure as COO,
Crouch expressed enthusiasm for Zayo’s business plan, results, and
trajectory. Management does not plan to pursue a replacement in the near
“We think very highly of Andrew, and we wish him the best,” said Dan
Caruso, chairman and CEO at Zayo. “We are 100 percent focused on
execution and driving accelerated growth; we do not believe this
development will negatively impact our pace and progress.”
Management expects to further address this announcement on the company’s
fiscal third quarter earnings conference call, scheduled for this
afternoon at 5:00 p.m. EDT, May 3, 2018.
For more information about Zayo, visit zayo.com.
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
128,000-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 22, 2017. 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
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Zayo Group Holdings, Inc.