HostReview.com
Tuesday, December 16, 2003; 12:00 AM
Tampa FL
- December 12, 2003 - Switch and Data, the leading provider of neutral
interconnection and colocation services, today announced Patricia Higgins,
President and CEO, has decided to leave the company to pursue other business
opportunities. She will continue as Switch and Data's President and CEO
until the search for a replacement is completed. Ms. Higgins will remain
on the Switch and Data Board of Directors for a period of time to provide
for a smooth transition.
Over the
past three and half years, Ms. Higgins has led the company in growing
revenues six-fold, despite the downturn in the communications and Internet
industries. She led the acquisition of PAIX earlier this year, providing
a broader platform of customers and services to position the Company for
future growth. In 2003, Switch and Data continued to meet and exceed its
profitability goals under her leadership - achieving positive net income
performance for the year.
"I am pleased
with what has been accomplished in successfully growing the company over
the past few years," states Ms. Higgins. "It required quickly revising
growth plans and building a scalable model that led to profitability,
while continuing to grow the customer base. The acquisition plans we implemented
enabled us to build a much stronger company. With this strong platform
in place, it is an excellent time for me to pursue some exciting new professional
and personal opportunities, while being comfortable the company is well
positioned for new leadership to take the company to its next stage of
growth."
Bill Luby,
Switch and Data's Chairman, stated - "Patricia has provided Switch and
Data with excellent leadership in a very difficult market. Many of Switch
and Data's competitors were not able to achieve the kind of positive results
she was able to achieve while leading the company. Patricia led the company
by staying focused on the core business, acquiring new customers, exceeding
financial goals and building a strong management team. We are pleased
Patricia has agreed to serve on the Board to help ensure an orderly transition.
We wish Patricia luck in her new endeavors."
About Switch
and Data
Switch and Data provides premium quality, neutral interconnection and
colocation services to network centric enterprises and service providers.
Built on a foundation of financial stability, Switch and Data operates
the largest footprint of any neutral provider in the United States with
interconnection choices to the most diverse selection of network providers.
Switch and Data customers derive a unique and powerful benefit from the
richest marketplace created by their direct access to other customers
and partners located in the Switch and Data facilities. Content rich companies
looking for a robust choice of Internet networks to connect to their end-customers,
and Internet service providers seeking to exchange traffic or sell transit
find Switch and Data's unparalleled PAIX (Peering and Internet Exchange)
products and services to be their solution of choice. For more information,
please visit www.switchanddata.com.
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