Broadband Infrastructure Group CEO Steps Down.Business Editors ST. LOUIS--(BUSINESS WIRE)--Nov. 10, 2000 In the wake of depressed financial markets and following a recent restructuring of Broadband Infrastructure Group, Timothy M. Roberts, the company's founder, has resigned as Chairman of the Board, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and Director. "BIG is refocusing Noun 1. refocusing - focusing again focalisation, focalization, focusing - the act of bringing into focus the company to deliver managed services An umbrella term for third-party monitoring and maintaining of computers, networks and software. The actual equipment may be inhouse or at the third-party's facilities, but the "managed" implies an ongoing effort; for example, making sure the equipment is running at a certain quality to strengthen our position in the broadband services marketplace," said Patrick Smith Patrick Smith is the name of
The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , Co-Founder and Director. "Through industry analysis and from direct discussions with potential investors, we feel our scaled-down approach to delivering managed services the broadband infrastructure industry demands, will prove to be a more successful business model." BIG's new focus is on delivery of end-to-end solutions to both carriers and Global 2500 companies demanding complex hosting, Internet transit Internet transit consists of two bundled services: the advertisement by an Internet service provider (ISP) of routes to a customer's Internet Protocol addresses to the other ISPs who constitute the rest of the Internet, thereby soliciting inbound traffic from them on behalf of the , application monitoring and security, and Web site development. BIG will develop and maintain these high-margin managed services solutions that combine to create end-to-end Netsourcing Solutions for companies seeking to maximize their eCommerce potential. "I am proud of my contribution in starting BIG, following my success at Savvis and Intira, and it is time for the company to move forward into managed services, an area outside of my interest and background," Roberts said. "I join the other shareholders in wishing BIG's reenergized senior management team success as they move forward." "Tim has been instrumental as the visionary and one of the driving forces behind the creation of BIG, and initiating awareness for the potential that exists within the broadband industry," Smith said. "We will miss his enthusiasm, leadership and tireless energy. All of us wish him the best of luck." Under the refocused plan, no other senior management changes were announced. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion