October 25, 2006
Equinix CEO Peter Van Camp to Transition into New Role of Executive Chairman Over the Course of the Next Year
Foster City, CA — October 25, 2006 — Equinix, Inc. (Nasdaq: EQIX), the leading provider of network-neutral data centers and Internet exchange services, today announced that Peter Van Camp will transition from his role as Chairman and CEO of Equinix to Executive Chairman once a new CEO has been appointed over the course of the next year. Mr. Van Camp's decision to make this transition is based on his desire to spend more time with his wife, a three-year breast cancer survivor who is recovering from a recent bout with the disease. Equinix will initiate an external search for the CEO position, and Mr. Van Camp will remain fully engaged as CEO until the new CEO is appointed. In his future role as Executive Chairman, Mr. Van Camp will remain actively involved in developing company strategy while maintaining key relationships with investors and customers.
“I've made an important decision for Equinix and my wife and me regarding my future role with the company,” said Peter Van Camp, chairman and CEO of Equinix. “The strength of the Equinix senior management team, combined with the company's market position and momentum, gives me a great deal of confidence that we will successfully and seamlessly transition the leadership of the company to a new CEO who will continue to build on Equinix's success.”
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, the challenges of acquiring, operating and constructing IBX centers and developing, deploying and delivering Equinix services; unanticipated costs or difficulties relating to the integration of IXEurope into Equinix; a failure to receive significant revenue from customers in recently built out 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; the results of any litigation relating to past stock option grants and practices; and other risks described from time to time in Equinix's filings with the Securities and Exchange Commission. In particular, see Equinix's recent 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.
Equinix and IBX are registered trademarks of Equinix, Inc. Internet Business Exchange is a trademark of Equinix, Inc.