Wednesday April 5, 2017 0 comments
BOULDER -- Zayo Group Holdings, Inc. (NYSE: ZAYO) announced it has named industry veteran Andrew Crouch as president and CEO.
Crouch’s start date will be April 27.
Crouch will be a key member of the executive management team and will oversee Zayo’s business operations, the company said. He will be based in Denver and report to Zayo’s chairman and CEO Dan Caruso.
“My priority over the past year has been to assemble an invigorated post-IPO executive team,” said Caruso. “Andrew is the capstone of this initiative to position Zayo for the future.”
Crouch was most recently regional president of Europe, Middle East, and Africa (EMEA) for Level 3 Communications, where he also was responsible for its Global Accounts Division. Crouch joined Level 3 in 2001 and has since held a variety of executive positions leading marketing, product and commercial organizations, including regional president of North America and Asia-Pacific.
Prior to joining Level 3, Crouch worked at British Telecom and Concert Communications, a joint venture between British Telecom and AT&T.
“Andrew rose through the sales and marketing functions, and has extensive global experience in running large scale organizations similar to Zayo,” said Caruso.
“He is exactly what Zayo needs to drive our continued growth as the global leader in communications infrastructure.”
“Though I admire Zayo’s track record, my focus is on where we can take Zayo over the next five years,” said Crouch.
“In a world that has an insatiable need for bandwidth, we will leverage Zayo’s vast infrastructure to enable our customers to deliver innovative and impactful services.”
Crouch will oversee Zayo’s global Communications Infrastructure business which consists of Fiber Solutions, Transport, Enterprise Networks, and Colocation segments, and its Allstream business. Shared functions, such as Sales and Customer Service, will also report into Crouch.
Chris Morley, Zayo’s current president and COO, will remain with Zayo during a transition period.
“Chris was integral to Zayo’s success over its first 10 years and will be sorely missed,” said Caruso. “On behalf of our shareholders, customers and employees, we thank Chris for his many contributions.”
Zayo will announce its fiscal third quarter results in early May. As an update to prior guidance, bookings for the March quarter were strong in comparison to the prior quarter and consistent with expectations set by management during the company’s March 17 investor call.