Rakesh Bhasin steps down as Chief Executive Officer of Colt


London, 10 September 2015: Today we have announced that Carl Grivner will be appointed as Chief Executive Officer of Colt Technology Services with effect from 1 January 2016. Carl joined Colt in May 2015 and is currently Executive Vice President of Network Services.

Carl’s appointment follows Rakesh Bhasin’s decision to complete his nine year tenure as Colt’s CEO at the end of his current period of secondment from Fidelity, which is scheduled to expire on 31 December 2015. Rakesh will now ensure an orderly and appropriate handover to Carl, after which he plans to return to Fidelity, from where he will be able to provide ongoing support and guidance as an advisor to Colt.
Commenting on these changes, Simon Haslam, Colt Chairman, said: “During his stewardship as our CEO, Rakesh has played a key role in reshaping the organisation, developing strong foundations and defining a new strategy. We would like to thank him for his significant contribution and hard work over the years. Colt will continue to benefit from his legacy and I am pleased that Colt will continue to benefit from his advice and guidance as we move forward.

We are delighted to welcome Carl as the new CEO. Colt has a unique set of network and data centre assets, spanning the globe with a clear vision to be the most customer orientated business in the industry. With this solid foundation and Carl’s wealth of experience, including extensive executive and leadership experience in the telecommunications and technology industry, Colt is well positioned for long-term success.”

Before joining Colt, Carl was Chief Executive Officer of Pacnet, one of Asia’s leading end-to-end communications service providers, recently acquired by Telstra.  Before that, he was CEO of XO Communications a US network provider, for eight years.

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About Colt
Colt provides network, voice, and data centre services to thousands of businesses around the world, allowing them to focus on delivering their business goals instead of the underlying infrastructure. Customers include 18 of the top 25 bank and diversified financial groups and 19 out of the top 25 companies in both global media and telecoms industries (Forbes 2000 list, 2014). In addition, Colt works with over 50 exchange venues and 13 European central banks.
Colt operates across Europe, Asia and North America with connections into over 200 cities globally. It recently completed the acquisition of KVH – which now operates under the Colt brand – an integrated data centre and communications services business, with headquarters in Tokyo and operations in Hong Kong, Seoul and Singapore.

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