Global Capacity promotes COO Jack Lodge to president
Global Capacity, a virtual network operator owned by investment company Pivotal Group, on Monday appointed COO Jack Lodge to President, replacing co-founder and CEO Patrick Shutt, who will become vice chairman of the company's board.
Lodge (Image source: Global Capacity)
While Shutt will continue to guide the strategic direction of Global Capacity, his role as Vice Chairman will allow him to pursue entrepreneurial ventures in the cloud services market.
"As we enter into the next iteration of the company, Patrick has decided to step back from a day-to-day operating role and step into a Vice Chairman role as he pursues other ventures, particularly in the cloud space, which is really a passion of his," said Jack Lodge, CEO of Global Capacity, in an interview with FierceTelecom. "The core business and strategy is remaining the same and Patrick as a board member will actually probably play an active role in the business than typically board members do given how close he is to the business and given his relationships in the market."
Since founding Global Capacity 12 years ago, Shutt helped the service provider achieve 18 consecutive months of positive EBITDA.
In his new role as president, Lodge will now oversee all elements of the company's strategy and execute the Global Capacity business. Lodge came to Global Capacity when it purchased CentrePath in 2006, and has served as COO since 2008.
One of Lodge's key accomplishments during his four-year tenure at Global Capacity has been building out the One Marketplace Access Exchange as a platform that automates pricing, quoting and ordering of various access network solutions for enterprises and other service providers that are trying to extend into other regions outside their traditional footprints to serve their multisite customers.
"Probably 18 months ago we really settled into a strategy of leveraging our automation in the marketplace to create efficiency and really swapping that automation for the ability to compete for transactional circuit revenue as well as what we call transformational deals to take over outsource existing spend," Lodge said. "That's a go-to-market strategy that's created a lot of traction in our pipeline, and we had our second consecutive quarter of very robust sales activity."
Lodge added that going forward that his goal for Global Capacity is to continue expand its partnership base with other carriers and revenues based on its existing strategy.
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