Sep 24, 2001 : Hostcentric Makes Executive Changes

📅 September 24, 2001 - Hostcentric (hostcentric.com 👉 Total Reviews: 3
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"Fred helped build Hostcentric during our critical first year when our focuswas on enterprise customers," stated Mr. McKown, president and CEO. "Are-evaluation of our market strategy has led us to de-emphasize ourenterprise initiatives and focus on providing scalable hosting options tosmall-to-medium sized companies. Fred's contribution to Hostcentric has beeninvaluable, and I have every confidence that he will continue to be an assetto Hostcentric as chairman of the board during this transition."
Mr. McKown was promoted from Hostcentric's president and COO to itspresident and CEO effective immediately. Prior to Hostcentric, Mr. McKownserved as president and CEO of Maxim Computer Systems Corporation, a companyhe co-founded in November 1988.
Maxim is a Silicon Valley-based, high performance co-location data centerand data communications company that in May 2000 merged with four otherservice providers to form Hostcentric. "Greg's extensive background in theInternet infrastructure sector, coupled with his knowledge of systems andnetworking make him the right choice to lead Hostcentric as we make thistransition," said Mr. Pounds, chairman of the board.
"The challenge of the current economic environment is to scale operations toreflect slower economic growth rates. I think we've done that with thiscurrent move. This transition supports the company's new focus andcontributes to our long-standing goal of becoming EBITDA positive in thefourth quarter 2001."
Former co-founder and president of Hostcentric's Virtual Hosting Group,James Shaver, has been named as Hostcentric's new COO. Previously Mr. Shaverco-founded and served as vice president at Web2010, a leading virtualhosting company. Web2010 joined Maxim and three other companies to formHostcentric.