African data centre behemoth Teraco, has announced that its chief executive officer, Lex Van Wyk, will be stepping down from the position effective 1st January 2020.
This marks the end to what will be a 12 year journey for Van Wyk who was one of Teraco’s founders back in 2008. The exiting CEO has held that position since 2013.
Teraco says that Van Wyk will be succeeded by Jan Hnizdo, who joined the firm back in 2011 and currently serves as a managing director.
“This transition has been carefully planned over the last few years. The current management team is focused and stays in place with the same goals. Importantly, Jan has been an outstanding part of the leadership team and has played an integral role to Teraco’s success over the past nine years. During this period, we have grown revenue 20 times and Teraco has moved from a start-up phase to the leading position that we enjoy today,” said Van Wyk of Hnizdo’s appointment.
“Jan has a proven track record of delivering value to all stakeholders within the Teraco community and is the natural successor to implement Teraco’s strategy for the market opportunities that lie ahead,” the exiting CEO added.
Since it’s launch Teraco has grown into a behemoth. The firm today claims to be the largest provider of data centre colocation space on the African continent.
In total the firm boasts 50MW of available critical power load, 20 000m² of built out colocation space and 16 000 interconnects between its ecosystem of carriers, content and cloud providers, outsourced service providers and key enterprise partners.
“We have built an amazing company with an outstanding team of management and employees, delivering world-class services to our clients. There is a massive opportunity ahead for Teraco, especially given the evolving role that we play within Africa’s digital ecosystem, and I am committed and excited to be leading Teraco along this growth path,” Hnizdo said in a statement.
Van Wyk will remain a Teraco shareholder and will continue to serve on the firm’s board in the capacity of a non-executive director.