Cogent hires Wallace as its new CFO and treasurer

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Cogent Communications hires Sean Wallace as its new CFO, vice president and treasurer. (Pixabay)

Cogent Communications announced on Monday that it has hired Sean Wallace as its new vice president, CFO and treasurer. Also on Monday, Cogent said that Thaddeus G. Weed had stepped down from his role of chief financial officer, effective immediately, but will remain with Cogent as senior vice president for audit and operations.

Cogent also announced that Jean-Michel Slagmuylder, who had been serving as acting chief financial officer and treasurer of Cogent since March 17 during Weed's temporary medical leave of absence, stepped down from that role on Monday. Slagmuylder, who took part in the company's first quarter earnings call on Thursday, has returned to his previous position of chief financial officer for Cogent's European operations.

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Wallace, 58, has over 30 years of experience in finance, telecom banking and other public company management positions.  Prior to joining Cogent, he was an investor and operator of residential and industrial real estate projects starting in 2015.  He was also a senior manager at Standard Chartered Bank from 2008 to 2015.

CWallace also worked at J.P. Morgan from 1998 to 2007 where his roles included being co-head of its investment banking efforts in the Asia Pacific region as well as leading the company's North American telecom banking efforts.  Wallace is a graduate of Harvard College and Harvard Business School.