Equinix Names Former HP Executive, Stephen M. Smith, CEO
Former CEO Peter Van Camp Will Continue to Play Significant Role at Equinix as Executive Chairman
Foster City, CA - March 19, 2007 - Equinix, Inc. (Nasdaq: EQIX), the leading provider of network-neutral data centers and Internet exchange services, today announced that Stephen M. Smith has been named chief executive officer of the company, effective April 2, 2007. As the company announced in October 2006, Peter Van Camp, Equinix's chairman and CEO since 2000, is transitioning to the role of executive chairman and will remain actively involved with the company.
Smith, 50, is a 19 year industry veteran and recently served as senior vice president of HP Services, the $15 billion professional services segment of HP. Before joining HP, Smith served as vice president of Global Professional and Managed Services at Lucent Technologies. He has also held various management and sales positions, including chief sales officer, president of EDS Asia-Pacific, and president of EDS Western Region, during his 16 years with technology services giant Electronic Data Systems Corporation. Smith had a successful eight-year career in the U.S. Army, where, among other roles, he was aide-de-camp to the office of the commander in chief of the U.S. Armed Forces in the Pacific. Smith graduated from the U.S. Military Academy at West Point and holds a Bachelor of Science degree in engineering.
"Steve possesses exactly the broad leadership skills and experience needed to continue to expand our strong market leadership position: broad knowledge of the global technology industry; a total commitment to customer success; and a deep appreciation for the importance of team and culture," said Van Camp. "I'm confident Steve will serve Equinix customers and shareholders well. In my new role, I expect to continue to spend 50% of my time at Equinix and I very much look forward to working closely with him at a strategic level to take the company forward."
Tomorrow, Tuesday March 20th, 2007 at 9:00 a.m. ET (6:00 a.m. PT), Peter Van Camp and Steve Smith will host a financial analyst call to discuss the appointment. The call will include a question and answer session. Members of the media, industry analysts and others may join the call in listen-only mode. To hear the conference call live, please dial 773-799-3263 (domestic and international) and reference the passcode (EQIX). A simultaneous live Webcast of the call will be available over the Internet at www.equinix.com, under the Investor Relations heading.
A replay of the call will be available beginning on March 20, 2007, at 10 a.m. (ET) through April 21, 2007 by dialing 402-220-9828. In addition, the Webcast will be available on the company's Web site at www.equinix.com. No password is required for either method of replay.
About Equinix
Equinix is the leading global provider of network-neutral data centers and Internet exchange services for enterprises, content companies, systems integrators and network services providers. Through the company's Internet Business Exchange(TM) (IBX®) centers in 10 markets in the U.S. and Asia, customers can directly interconnect with every major global network and ISP for their critical peering, transit and traffic exchange requirements. These interconnection points facilitate the highest performance and growth of the Internet by serving as neutral and open marketplaces for Internet infrastructure services, allowing customers to expand their businesses while reducing costs.
Equinix Investor Relations Contact:
Jason Starr,
Equinix, Inc.,
(650) 513-7402,
jstarr@equinix.com
Equinix Media Contact:
David Fonkalsrud,
K/F Communications, Inc.,
(415) 255-6506,
dave@kfcomm.com
