Wednesday June 1, 2016 0 comments
BOULDER -- Zayo Group Holdings, Inc. (NYSE: ZAYO) announced co-Chief Operating Officer Chris Morley is being named Chief Operating Officer of Zayo Group, while co-COO and co-founder Matt Erickson will depart Zayo Group in late July.
“Matt is an extraordinarily valuable member of Zayo’s executive team, and has been from Zayo’s inception,” said Dan Caruso, chairman and CEO of Zayo Group. “I will forever be grateful for Matt’s contributions to Zayo’s success.”
Erickson, who is leaving on his own accord for personal reasons, will continue to be active in his role as co-COO until late July. As previously announced, he will present at the Stephens Spring Investment Conference at the New York Palace on June 7.
“Morley and Erickson made a great team as co-COOs, with each of them, at various times over the past few years, being responsible for the range of the day-to-day functions of Zayo,” added Caruso.
“Matt’s departure affords us the opportunity to combine all these functions under Chris, who is well prepared for the COO scope.”
Most recently, Morley has been responsible for overseeing the business segments of Dark Fiber Solutions, Network Connectivity, and Cloud and Colo.
Erickson has been responsible for global sales, marketing and customer service functions.
“Our net new bookings in recent quarters have been excellent, as has our churn,” said Morley. “We thank Matt for leaving us with strong momentum in these areas.”
“Chris has been one of Zayo’s strongest leaders over the past several years,” said Caruso. “I am confident he will be very successful as Zayo’s COO.”
Prior to Zayo Group, Caruso and Erickson partnered to take ICG private. Erickson first met Caruso at Level 3 Communications, when Caruso was group VP of Level 3’s product and marketing organization.