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The move will be effective as of 1 August, with EXA’s executive chair Nick Read continuing to oversee the business until that time
Today, EXA Infrastructure have announced that Jim Fagan, currently CEO of Aqua Comms, will be taking over as premanent CEO later this year.
Fagan has served as the CEO of Aqua Comms since May 2023, before which he had worked in various telco and data centre-based roles at Global Cloud Exchange, Telstra, Pacnet, and Rackspace.
EXAs’s previous CEO, Martijn Blanken, stepped down from the role in November last year, leaving EXA’s chair of the board of directors (and former Vodafone CEO) Nick Read holding the reins on an interim basis.
Blanken, meanwhile, has since started a new role as non executive director of Speed Fibre Group earlier this month.
“This announcement marks the next phase in EXA’s growth story, where we will see EXA continue to focus on strategic investments to support our customer growth driven by Cloud, Content, and AI. Jim brings a deep sector knowledge and a comprehensive understanding of our customers coupled with the ability to optimise our operations to ensure we excel in industry leading service delivery,” explained Read.
“EXA Infrastructure is recognised in the industry for its unique footprint of owned network assets and a skilled team that specialise in digital infrastructure. I am excited to join at this pivotal moment, where the data growth demand driven from AI, will need to be met by secure & resilient players like EXA,” added Fagan.
Aqua Comms had little comment about the move, putting out a simple press release thanking Jim for his time at the company and noting that Andy Hudson, the company’s Chief Network Officer is now the acting CEO, effective immediately.
“Aqua Comms would like to thank Jim Fagan for the excellent work he has done in creating a healthy and growing business since joining in 2023, we wish him the best of luck in his future endeavors. Aqua Comms continues to be in a strong position in the market and are optimistic about the future of the business,” commented Aqua Comms chairman Alan Harper.
The motivation for Fagan’s sudden departure from Aqua Comms, having been in the role less than a year, remains unclear.
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