Sep, 2001 : New Exodus CEO Sends Letter to Customers

📅 September 17, 2001 - Bill Krause, the new CEO of slumping managed hosting firm Exodus Communications, sent a letter to customers on Friday introducing himself and assuring clients the company had a bright future.
Krause replaced Ellen Hancock as chairman and CEO earlier this month. He has been a member of the Exodus board since June 2000, and retired as chairman of 3Com Corporation in 1993. He is also president of LWK Ventures, a private investment company in Silicon Valley.
In his letter, Krause assured customers the company would be able to get itself out of financial trouble. Exodus, which has over 4,000 customers, 44 data centers and 3,000 employees, has seen its stock tumble to under a dollar from a high of close to 60 dollars less than a year ago.
"To be perfectly clear, Exodus is not going away," he said. "I am confident our current financial challenges can be fixed with the help of clear leadership and a tough-minded approach to managing the business for profitability. That's why, along with Exodus' team of experienced senior executives, I have rolled up my sleeves to get on with the job of rebuilding Exodus into the successful enterprise we all know it can be."
Krause also said the company would keep focusing on the managed hosting sector. "We remain the market leader, singularly focused on providing complex managed hosting services at a time when large enterprises worldwide are investing in the move from client-server to Web-based architectures," he said.

Reads: 1955 | Category: General | Source: TheWHIR : Web Host Industry Reviews
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