Supporting the team's renewed commitment to customer experience will be cross-functional operations and financial teams that will ensure the delivery of superior execution in customer service, financial management, and operating systems.
The New Leadership Team
One of most important recent actions has been to ensure the senior leadership team consists of best-in-class talent with the most current technology and telecommunications industry expertise available. Mr. Grivner has therefore redesigned the composition and structure of Pacnet's senior leadership team, recruiting key industry experts, promoting various existing senior leaders, and redeploying and redesigning the responsibilities of certain senior managers to maximize their talent.
As separately announced today, Pacnet's senior team has been bolstered by the landmark hires of some of the most highly regarded experts in the industry, as well as important internal moves, which complement the strategic initiatives now being executed.
•Chief Financial Officer Brett Lay, who has been with Pacnet for six years, will play a critical role in setting and helping the Company adhere to financial targets that the business is seeking to meet. •Jim Fagan has joined the Company as President of Managed Services. Mr. Fagan will drive the build-out of this new managed services division which will bring an expanded suite of new services to benefit customers. •Recently appointed Cardi Prinzi will lead the newly defined Enterprise Markets division. Mr. Prinzi will source opportunities with enterprises looking to connect into and across the Asia Pacific region and drive sales in this division. •John Garrett, most recently Pacnet's Managing Director of Southeast Asia, will lead the Carrier Services division. Mr. Garrett will source opportunities with carrier service providers looking to connect into and across the Asia Pacific region and drive sales in this division. •Andy Lumsden has returned to Pacnet to assume the role of Chief Technology Officer. Mr. Lumsden will be responsible for maintaining Pacnet's technology leadership and assisting with developing the next generation of network platforms. •Grace Guang, who has been a member of Pacnet's management team for seven years, will take on the additional position of Chief of Staff, in addition to her current role as General Counsel. Ms. Guang will play a central role in driving the new strategies forward, particularly in relation to growth plans for China. •Head of Human Resources Anne Adam has held management positions at Pacnet for 11 years. Ms. Adam will play an important role in ensuring the internal transformation process is smooth and she will continue to drive all human capital initiatives going forward.
Mr. Grivner concluded, "We understand and appreciate that some of the changes we are making may be difficult but they are necessary to build a stronger Pacnet. Once we have rationalized our operations and completed the planned refinements, we will be better positioned to roll out our new strategy. We also now have in place a new and extremely qualified management team to execute what is planned and we and our shareholders are excited by what this will mean for the business. Our streamlined operating model will be much more focused, each specific business area will have a very strong leader, and we will be singularly focused on effectively serving our diverse customers as their businesses grow and evolve in the Asia Pacific region."
Pacnet is a leading provider of integrated network services and data center platforms for enterprise and carrier customers in Asia Pacific, delivering high-performance technology solutions over the region's most extensive high-capacity submarine cable systems. Ownership of over 46,000 km of fiber connected to its regional data centers gives Pacnet unparalleled connectivity to major business centers throughout the Asia Pacific region. Its complete set of solutions for managed data, private line, data center services, and content delivery, combined with its expertise in serving Asia Pacific, have made Pacnet a trusted services provider for large businesses worldwide, including many of the Fortune 1000. Pacnet is headquartered in Hong Kong and Singapore, with offices in all key markets in Asia and North America. For more information, please visit: www.pacnet.com.
For more information, please contact:
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Tel: 852 9623 5080
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