Equinix, an international data center company based in Redwood City, California, announced today that it has completed the purchase of 29 data centers from Verizon for $3.6 billion. Steve Smith served as the CEO of Equinix from 2007 - 2018. The man who suddenly resigned as CEO of Equinix over “poor judgment with respect to an employee matter” has joined the board of Flexential. Keith Taylor - CFO. Smith was previously CEO of Equinix, but in 2018 resigned with immediate effect “after exercising poor judgment with respect to an employee matter.”. Smith spent over a decade as head of Equinix, helping grow the company's value from $2 billion to $34 billion, with 200 data centers across 52 markets. Equinix CEO Steve Smith leaves no doubt about how important he believes Equinix’s culture has been to the company’s past, and how critical it is to its future. Equinix has revealed very few details about the departure of its CEO. Steve Smith (Photo: Business Wire) “I’m excited to join Zayo as it begins its journey as a private company backed by two of the world’s largest infrastructure investors,” said Smith. Equinix CEO Steve Smith has suddenly resigned due to his “exercising poor judgment with respect to an employee matter,” the data center provider said. Steve Smith, president and CEO, Equinix: " Equinix's acquisition of TelecityGroup added critical network and cloud density to better serve our global customers. Zayo and Steve Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. At Equinix, Steve Smith grew the Equity Value by 17x, from $2bn to $34bn. According to his LinkedIn profile, Smith joined GI in June.A GI spokesperson declined to comment. Zayo is in the midst of selling off its 44 data centers to DataBank, a company also majority-owned by Colony Capital. Last week, Steve Smith suddenly resigned as CEO of multi-billion dollar colocation data center company Equinix. Steve Smith, CEO, Equinix: "As Equinix becomes an increasingly important and strategic partner to businesses that are realigning their organizations to benefit from the shift to digital, the addition of the new role of President of Strategy, Services and Innovation will enable Equinix to prioritize the current and future needs of our customers. Zayo's owners Digital Colony and EQT selected Smith to run the company. Equinix Muscat data center creates a regional interconnection hub with ultra-low latencies between global business markets at the heart of the digital ecosystem of Asia, Africa and Europe. Equinix has revealed very few details about the departure of its CEO. Smith … Equinix CEO Steve Smith Suddenly Resigns, Former CEO Peter Van Camp Appointed Interim CEO "The Board gave this matter the deepest consideration and recognizes the many contributions Steve made over the past eleven years to achieve the global scale, reach and market leadership the company enjoys today," said Peter Van Camp. Steve Smith, who has been CEO of Equinix for the last 11 years, resigned abruptly after mishandling an employee matter, the company announced Thursday without revealing any more details. Additionally, he grew Equinix revenue from $400m to $4.4bn across 200 data centers, in 52 markets, serving over 10,000 customers. And It Will Get Harder, Allowed HTML tags: . Steve Smith, president and CEO, Equinix: “We had a great third quarter, delivering record bookings with double-digit growth in the cloud, financial and enterprise segments," said Steve Smith, president and CEO of Equinix. “Dan and I have known one another and partnered together as Zayo and Equinix emerged as the global leaders in their respective digital infrastructure segments.” Steve Smith, who left Equinix in 2018, will join Zayo as CEO. He also stressed that Smith was not leaving because of the company’s performance. Data Center Knowledge is part of the Informa Tech Division of Informa PLC. An Overview of Cybersecurity Best Practices for Edge Computing, Utilize hybrid IT with the cloud connected data center, Cover Your IT Assets and Solve the Server Firmware Conundrum, Looking for technical training? Zayo's prior CEO, Dan Caruso, has joined the company's board. Former Equinix CEO Steve Smith has been named as Zayo Group Holding's new CEO while former CEO and founder Dan Caruso transitioned to the position of board director. The board will commence a formal process to appoint a new … PASSING THE BATON: Peter Van Camp (right), chairman and chief executive officer of Foster City-based Equinix, and Steve Smith (left), the HP executive who will take over as Equinix… A Decade of Growth and Making History at Equinix, a CEO’s Registered in England and Wales. At Equinix, Steve Smith grew the Equity Value by 17x, from $2bn to $34bn. Steve Smith quit his job in mid-January and will now join the board of directors of Flexential, the new name for the data centre company created from the merger of ViaWest and Peak 10. Steve Smith is Chief Executive Office at Zayo Group Holdings Inc. See Steve Smith's compensation, career history, education, & memberships. [email protected]. Steve Smith is CEO at Zayo Group. The man who suddenly resigned as CEO of Equinix over “poor judgment with respect to an employee matter” has joined the board of Flexential. “We live in a mobile/cloud world today and interconnection may be more important now than it ever has been in our history,” Smith said. Shock In The Valley. Steve Smith, who left Equinix in 2018, will join Zayo as CEO. View Steve Smith’s profile on LinkedIn, the world’s largest professional community. Number 8860726. “I also want to emphasize that this action was not related to the company's operational performance or financial condition, both of which remain strong,” Van Camp, who was Equinix’s chief exec between 2000 and 2007, said. “Steve’s track record successfully managing growing digital infrastructure businesses while maintaining high levels of operational reliability and excellence is the perfect fit for Zayo as it enters the next phase of its growth,” said Marc Ganzi, president and CEO of Colony Capital and Digital Colony. Steve Smith has resigned suddenly as CEO of Equinix for what is described as “exercising poor judgment with respect to an employee matter”. In accordance with the previously announced unanimous approval of Equinix's conversion to a REIT by the Board of Directors of Equinix, Equinix began its first day as a REIT on January 1, 2015. " Equinix, Inc. (NASDAQ:EQIX) 33rd Nasdaq OMX Investor Program Conference December 1, 2015 10:15 AM ET Executives. Analysts. Equinix provides network … Data centre operator Equinix is looking for a new CEO after the previous occupant of its big chair, Steve Smith, resigned “after exercising poor judgment with respect to an employee matter.” Equinix’s board accepted his resignation but has given no other reason for Smith’s departures. Test your understanding of mission critical with these free-to-use DCPro knowledge assessments, T-Mobile’s US network goes down, impacting Verizon, AT&T, and other carriers, Equinix LD8 data center experiences major outage, WikiLeaks publishes list of AWS data center locations, colo providers, IBM Cloud experiences errors and outages, again, Criminal investigation launched after noose found at Facebook data center construction site. Steve Smith (Photo: Business Wire) “I’m excited to join Zayo as it begins its journey as a private company backed by two of the world’s largest infrastructure investors,” said Smith. The interconnection and colocation provider announced last week that Steve Smith was leaving the organization. The board has appointed Peter Van Camp, Equinix’s executive chairman and Smith’s predecessor in the CEO chair, as interim chief exec before it launches a formal process to identify a replacement. Steve Smith quit his job in mid-January and will now join the board of directors of Flexential, the new name for the data centre company created from the merger of ViaWest and Peak 10. “This is our first quarter both operating and reporting as a … Shock In The Valley. Equinix CEO bails after ‘poor judgment in employee matter’ Data centre operator Equinix is looking for a new CEO after the previous occupant of its big chair, Steve Smith, resigned “after exercising poor judgment with respect to an employee matter.” Smith is also stepping down from the company’s board of directors. “Steve Smith has made the difficult decision to resign as CEO, and from the Equinix Board of Directors, after exercising poor judgment with respect to an employee matter,” Equinix, the world’s largest data center colocation and interconnection provider, said in a statement. Data Centre Dynamics Ltd (DCD)& DC Professional Development Limited (DCPRO)22 York Buildings,John Adam Street,London WC2N 6JUEmail. Smith is also stepping down from the … Steve Smith, the CEO of global interconnection and data center company Equinix, has resigned with immediate effect “after exercising poor judgment with respect to an employee matter.” The Equinix Board of Directors, “in the best interests of the company,” accepted the resignation and has appointed executive chairman Peter Van Camp as interim CEO. Equinix, Inc. announced that CEO Steve Smith has made the decision to resign as CEO, and from the Equinix board of directors, after exercising poor judgment with respect to an employee matter. REDWOOD CITY, Calif., Jan. 25, 2018 /PRNewswire/ -- Equinix, Inc. (Nasdaq: EQIX), the global interconnection and data center company, today announced that CEO Steve Smith has made the difficult decision to resign as CEO, and from the Equinix Board of Directors, after exercising poor judgment with respect to an employee matter. Steve Smith has been appointed the CEO of Zayo Group Holdings. Steve Smith might have erased Pant's guard mark but he already made mark for himself with a sensational innings :fire: - Bobgally (@Krishnan_Masi) January 11, 2021 This is … Equinix CEO Steve Smith [photo] led the global data center operator during a decade of massive growth, last week he suddenly resigned, while Executive Chairman Peter Van Camp has been appointed interim CEO of Steve Smith, who has been CEO of Equinix for the last 11 years, resigned abruptly after mishandling an employee matter, the company announced Thursday without revealing any more details. Steve Smith joined Equinix in 2007, and helped the company grow its revenue tenfold. Steve has 9 jobs listed on their profile. Smith has over 30 years of expertise as a global leader of tech companies. jan 25 (reuters) - equinix inc: * equinix ceo steve smith resigns; executive chairman and former ceo peter van camp appointed interim ceo * ceo steve smith has made decision to resign as ceo Start Here, Bitcoin’s Green Haven Is Running Out of Surplus Electricity, Top 5 Data Center Stories of the Week: April 16, 2021, The Pros and Cons of Kubernetes-Based Hybrid Cloud, How Hyperscale Cloud Platforms are Reshaping the Submarine Cable Industry, Data Center Provider Cyxtera to Go Public Via $3.4B Starboard SPAC Deal, Managing Encryption for Data Centers Is Hard. Equinix has spent years building these advantages, which enable the high level of interconnection that every enterprise now needs to compete, Chief Executive Officer Steve Smith told the audience. Zayo Press Release on Oct 22nd: View Steve Smith’s profile on LinkedIn, the world’s largest professional community. Equinix CEO Steve Smith [photo] led the global data center operator during a decade of massive growth, last week he suddenly resigned, while Executive Chairman Peter Van Camp has been appointed interim CEO of the company. After his abrupt departure, he took a job as a managing director of the private equity firm GI Partners. EQUINIX INC annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Smith was previously CEO of Equinix, but in 2018 resigned with immediate effect “after exercising poor judgment with respect to an employee matter.”. A spokesperson told Data Economy: "Steve exercised poor judgment with respect to an employee matter. Equinix CEO Resigns After Mishandling “Employee Matter” Steve Smith, who has been CEO of Equinix for the last 11 years, resigned abruptly after mishandling an employee matter, the company announced Thursday without revealing any more details. Steve Smith, president and CEO, Equinix: "We are pleased to reach this divestiture milestone to satisfy the European Commission requirements, as agreed to with our purchase of TelecityGroup. The board has accepted his resignation and appointed executive chairman Peter Van Camp interim CEO of the company, effective immediately.. Steve Smith has been appointed the CEO of Zayo Group Holdings. Equinix CEO Steve Smith has suddenly resigned due to his “exercising poor judgment with respect to an employee matter,” the data center provider said. Steve Smith joined Equinix in 2007, and helped the company grow its revenue tenfold. Web page addresses and e-mail addresses turn into links automatically. Steve has 9 jobs listed on their profile. Data Center Cooling Systems: The Next Generation. “I’m excited to join Zayo as it begins its journey as a private company backed by two of the world’s largest infrastructure investors,” said Smith. Equinix CEO Steve Smith Suddenly Resigns, Former CEO Peter Van Camp Appointed Interim CEO "The Board gave this matter the deepest consideration and recognizes the many contributions Steve made over the past eleven years to achieve the global scale, reach and market leadership the company enjoys today," said Peter Van Camp. He is a West Point graduate and an 8-year Army veteran. When Smith left Hewlett-Packard Co. in 2007 to become CEO of Equinix, it had about $400 million in annual revenue and a market cap of $6 billion. significantly above the top end of our guidance ranges,” said Steve Smith, president and CEO of Equinix. It will continue to rent space in the facilities, and provide connectivity solutions between data centers. Digital Colony and EQT selected Smith to lead Zayo based on his track record scaling digital infrastructure companies into leading global providers in their respective markets. Equinix global CEO Steve Smith on company’s roadmap, market consolidation and 10 years as CEO - Duration: 18:09. Steve Smith, former CEO of Equinix, is photographed at the data-center company’s headquarters in Redwood City, on Monday, Nov. 13, 2017. Equinix Metal is the result of a unique combination. Additionally, he grew Equinix revenue from $400m to $4.4bn across 200 data centers, in 52 markets, serving over 10,000 customers. Completing this last milestone in the acquisition process paves the way for us to focus fully on helping our enterprise customers leverage our highly interconnected, global data centers for accelerated business performance and innovation. He’s written about how Equinix’s “authentic, gritty, smart and fun” culture was a huge draw for him when he was being considered for the top job at Equinix … Equinix has done no more to elaborate on the reason, and the company has promoted a business-as-usual message by replacing Smith with executive chairman Peter Van Camp as interim CEO. Monday October 26, 2020 0 comments Tags: Boulder, Zayo Group Holdings, Steve Smith, Dan Caruso BOULDER -- Zayo Group Holdings, Inc. announced the appointment of Steve Smith as CEO. Steve Smith - CEO. The interconnection and colocation provider announced last week that Steve Smith was leaving the organization. Equinix is excited to have received a favorable PLR," said Steve Smith , president and CEO of Equinix. REDWOOD CITY, Calif., Jan. 25, 2018 /PRNewswire/ -- Equinix, Inc. (Nasdaq: EQIX), the global interconnection and data center company, today announced that CEO Steve Smith has made the difficult decision to resign as CEO, and from the Equinix Board of Directors, after exercising poor judgment with respect to an employee matter. “Steve Smith has made the difficult decision to resign as CEO, and from the Equinix Board of Directors, after exercising poor judgment with respect to an employee matter,” Equinix, the world’s largest data center colocation and interconnection provider, said in a statement. You will receive a confirmation email shortly. Equinix CEO Steve Smith Leaves Company Over ‘poor Judgment’ On Staff Matter | News | BroadGroup selling off its 44 data centers to DataBank, Zayo shareholders agree to $8.2 billion acquisition by Digital Colony, EQT, Intel CEO Brian Krzanich resigns over "consensual relationship" with employee. Equinix CEO Steve Smith Leaves Company Over ‘poor Judgment’ On Staff Matter | News | BroadGroup Smith is also stepping down from the company’s board of directors. Steve Smith served as the CEO of Equinix from 2007 - 2018. Dan Caruso, who has lead Zayo since its founding in 2007 will remain on Zayo's board. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Steve Smith, the former CEO and president of Equinix who earlier this year abruptly left the company, has been named managing director at GI Partners, the private equity firm known in the data center industry for backing some of the biggest players in data center services.. Steve is the former CEO and President of Equinix, Inc., the global interconnection and data center company. Steve Smith, CEO of Equinix, is photographed at their headquarters in Redwood City, California, on Monday, Nov. 13, 2017. Zayo's prior CEO, Dan Caruso, has joined the company's board. Zayo and Steve Smith in the Public Markets. REDWOOD CITY, Calif., Jan. 25, 2018 /PRNewswire/ -- Equinix, Inc. (Nasdaq: EQIX), the global interconnection and data center company, today announced that CEO Steve Smith … Equinix (NASDAQ:EQIX) Q3 2014 Earnings Call October 29, 2014 5:30 PM ET Executives Katrina Rymill - Stephen M. Smith - Chief Executive Officer, President, Director and Member of … Equinix provides network … Equinix was … In a statement, Van Camp said the board gave the matter “the deepest consideration” and acknowledged “the many contributions” Smith made to the company during his tenure. This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Steve Smith, the CEO of global interconnection and data center company Equinix, has resigned with immediate effect “after exercising poor judgment with respect to an employee matter.” The Equinix Board of Directors, “in the best interests of the company,” accepted the resignation and has appointed executive chairman Peter Van Camp as interim CEO. Dan Caruso, who has lead Zayo since its founding in 2007 will remain on Zayo's board. “Dan and I have known one another and partnered together as Zayo and Equinix emerged as the global leaders in their respective digital infrastructure segments.” “Dan and I have known one another and partnered together as Zayo and Equinix emerged as the global leaders in their respective digital infrastructure segments.” “Steve will have big shoes to fill. In 2020, Equinix acquired Packet, a bare metal leader and champion of cloud native, open-source, and developer ecosystems. Steve Smith, CEO of Equinix, is photographed at their headquarters in Redwood City, California, on Monday, Nov. 13, 2017. Thank you! Dan built an amazing company in just over a decade and we look forward to benefiting from his contributions as a key member of our Board of Directors.”, Caruso said that he was "pleased to hand the Zayo baton to Steve," adding that "Zayo will solidify its position as the world’s leading provider of bandwidth connectivity.”. Steve is the former CEO and President of Equinix, Inc., the global interconnection and data center company. Served as CEO & President of Equinix from 2007 - 2018. “Dan and I have known one another and partnered together as Zayo and Equinix emerged as the global leaders in their respective digital infrastructure segments.”. Zayo Press Release on Oct 22nd: BOULDER, Colo--Zayo Group Holdings, Inc., the global leader in Communications Infrastructure, announced today the appointment of Steve Smith as Chief Executive Officer. Steve Smith is CEO at Zayo Group. While CEO of Equinix for over 10 years, Smith grew the Equity Value by 17X, from $2 billion to $34 billion, while growing Equinix revenue from $400 million to $4.4 billion across 200 data centers, in 52 markets, serving over 10,000 customers. https://www.datacenterknowledge.com/sites/datacenterknowledge.com/files/logos/DCK_footer.png, Equinix's former CEO Steve Smith speaking at a data center groundbreaking in Silicon Valley, Company says resignation not due to poor financial performance, Equinix Expanding Capabilities of Its Open Source Bare Metal Automation Platform Tinkerbell, Pure Storage on Equinix Metal Plays by the Customer's Rules, Equinix Metal Updates Target DevOps, Hybrid Cloud Use Cases, Why Equinix Doesn't Think Its Bare Metal Service Competes With Its Cloud-Provider Customers, © 2021 Informa USA, Inc., All rights reserved, Apple Targeted in $50 Million Ransomware Hack of Supplier Quanta, Greenpeace Chides Alibaba and GDS on Energy as China Tech Cleans Up, Looking for a CentOS Replacement? 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