REDWOOD
CITY, Calif., March 12,
2024 /PRNewswire/ -- Equinix, Inc. (Nasdaq:
EQIX), the world's digital infrastructure
company®, today announced a planned leadership
transition effective late Q2 2024 whereby current President and CEO
Charles Meyers will transition to
the role of Executive Chairman, and Google Cloud Go-to-Market
President Adaire Fox-Martin will
begin serving as Equinix President and CEO. Peter Van Camp, currently Executive Chairman,
will step away from his formal responsibilities as a Board member
to take the role of Special Advisor to the Board.
"Digital transformation is reshaping the basis of competition
for industries across the globe, and the rapid adoption of AI is
accelerating that dynamic," said Meyers. "These pivotal shifts have
created an extraordinary demand environment for digital
infrastructure, and our distinctive advantages create an
exceptional long-term opportunity for Equinix. I am confident that
Adaire's capabilities and experience will be deeply additive to our
team and our culture, helping us meet the evolving needs of our
customers, fuel our growth and unlock the extraordinary power of
Platform Equinix. I am grateful to our board for their support of
my desired transition timeline, and excited to assume the Executive
Chairman role and actively support Adaire as she leverages her
tremendous global experience to extend and expand our market
leadership."
With more than 25 years of experience in the technology sector,
Fox-Martin brings a distinguished track record, most recently as
President of Go-to-Market for Google Cloud and Head of Google
Ireland. In this role, she led Google Cloud's go-to-market teams
globally, encompassing sales, professional services, partner
ecosystem, and customer success. Prior to Google, Fox-Martin held
senior global positions at some of the world's foremost technology
and software companies, notably SAP and Oracle. At SAP, she played
a pivotal role as a member of the SAP Executive Board, with
responsibility for Sales and Service globally, serving more than
440,000 customers. Her extensive global leadership experience
includes serving as President for SAP Asia Pacific and Japan, President of Google Cloud
International, and Head of Google Ireland. She has been a member of
the Equinix Board of Directors since 2020.
"I am very proud of the work that our board has put into our
succession planning and delighted to have landed on a path that is
highly responsive to the needs of the business and those of our
leadership," said Van Camp. "Charles
has been a driving force at Equinix for the past 14 years and this
transition enables his continued involvement while also adding
Adaire's significant depth and breadth of experience. At this
critical juncture in the company's history, it is a great outcome
for all of our stakeholders. We have had tremendous success with
our leadership model and as I step into an advisory role with the
company and hand the Executive Chairman role to Charles, I do so
with immense optimism that this executive team will enable us to
unlock the enormous opportunity ahead."
Meyers joined the company in 2010 and was appointed CEO in 2018.
During his tenure, he has shaped the company's successful strategy,
extending Platform Equinix to more than 70 markets across 33
countries, accelerating the company's global interconnection
leadership and evolving the platform to support hybrid and
multi-cloud as the clear architecture of choice. Over this time,
the company has enjoyed a 6x increase in revenue and added more
than $80 billion in equity value. He
will continue in the role of CEO until late Q2 and will remain
focused until that time on driving the company's strategy and
execution.
"In today's dynamic digital landscape, Equinix has uniquely
amassed global reach, highly differentiated ecosystems, strong
partner relationships, and an innovative range of product and
service offerings -- collectively forming a robust and
future-proofed platform to address diverse customer challenges,"
said Fox-Martin. "Coupled with my passionate belief in the vision,
mission and values of Equinix, I am excited to leverage my
experience in driving business transformations and building for
scale to drive continued innovation and growth at Equinix."
About Equinix
Equinix (Nasdaq: EQIX) is the
world's digital infrastructure company®. Digital leaders harness
Equinix's trusted platform to bring together and interconnect
foundational infrastructure at software speed. Equinix enables
organizations to access all the right places, partners and
possibilities to scale with agility, speed the launch of digital
services, deliver world-class experiences and multiply their value,
while supporting their sustainability goals.
Forward-Looking Statements
This press release
contains forward-looking statements that involve risks and
uncertainties. Actual results may differ materially from
expectations discussed in such forward-looking statements. Factors
that might cause such differences include, but are not limited to,
risks to our business and operating results related to the current
inflationary environment; foreign currency exchange rate
fluctuations; increased costs and increased challenges to procure
power and the general volatility in the global energy market; the
challenges of acquiring, operating and constructing IBX® and
xScale® data centers and developing, deploying and delivering
Equinix products and solutions; unanticipated costs or difficulties
relating to the integration of companies we have acquired or will
acquire into Equinix; a failure to receive significant revenues
from customers in recently built out or acquired data centers;
failure to complete any financing arrangements contemplated from
time to time; competition from existing and new competitors; the
ability to generate sufficient cash flow or otherwise obtain funds
to repay new or outstanding indebtedness; the loss or decline in
business from our key customers; risks related to potential
cybersecurity breaches; risks related to our taxation as a REIT and
other risks described from time to time in Equinix filings with the
Securities and Exchange Commission. In particular, see recent and
upcoming Equinix quarterly and annual reports filed with the
Securities and Exchange Commission, copies of which are available
upon request from Equinix. Equinix does not assume any obligation
to update the forward-looking information contained in this press
release.
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SOURCE Equinix, Inc.