Verizon's Terremark president resigns, company faces another executive shuffle
Terremark, Verizon's (NYSE: VZ) cloud and data center services unit, is again realigning its management team as company president Nelson Fonseca leaves the company.
Fonseca, who was appointed Terremark's president just last December, gave no reason for his departure other than to say he was looking for other opportunities.
Verizon decided the better way to run the Terremark unit will be to expand the roles of three of its high ranking executives that hold specific roles in the business versus looking for a new president.
John Considine, Terremark's CTO, who came to Terremark from its acquisition of CloudSwitch, will also now oversee architecture development for cloud and security products. Chris Drumgoole, Terremark's senior vice president of client services, will gains responsibility of all cloud and security product operations, while Barry Field, senior vice president for global sales, will drive sales for its cloud and security products.
There has been a number of management shifts since Verizon purchased Terremark last April, beginning with the departure of Manual Medina, the company's founder and president. Later, Verizon's Kerry Bailey became president of the unit until he was named as the chief marketing officer of Verizon's revamped global enterprise business unit.
Regardless of the ongoing management changes, Terremark has continued to expand its domestic and international data center presence with recent expansions announced in key cities including Denver and London, as well as expansions in Brazil.
Despite seeing obvious losses in legacy voice and wholesale revenue, cloud and data center services were a major contributor to Verizon's overall global enterprise revenue base. During the quarter, the telco's global enterprise revenues rose 0.9 percent over Q1 2011 to $3.9 billion.
- Network World has this article
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