Lex Van Wyk steps down as Teraco appoints Jan Hnizdo as new CEO
Data centre firm Teraco has announced that Lex Van Wyk will step down as Chief Executive Officer, effective 1 January 2020.
Van Wyk will be succeeded by Jan Hnizdo, who has been an Executive Director of Teraco since 2011, having initially joined Teraco in the position of Chief Financial Officer, and as Managing Director since early 2018.
As one of the founders of Teraco in 2008 and as CEO since 2013, van Wyk previously served as Managing Director.
The company revealed that in this time, he has been instrumental in growing the business from its early stages as a start-up data centre in Cape Town to Africa’s largest data centre as it is known today.
“It has been an honour for me to help build such a phenomenal business, but after 11 years, I feel that the timing is right to step aside,” said Van Wyk.
“This transition has been carefully planned over the last few years. The current management team is focused and stays in place with the same goals.
“Importantly, Jan has been an outstanding part of the leadership team and has played an integral role in Teraco’s success over the past nine years.
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“During this period, we have grown revenue 20 times and Teraco has moved from a start-up phase to the leading position that we enjoy today.
“Jan has a proven track record of delivering value to all stakeholders within the Teraco community and is the natural successor to implement Teraco’s strategy for the market opportunities that lie ahead.
As the first vendor-neutral data centre in Africa, Teraco also launched Africa’s largest internet exchange, NAPAfrica in 2012.
“We have built an amazing company with an outstanding team of management and employees, delivering world-class services to our clients,” said Hnizdo.
“There is a massive opportunity ahead for Teraco, especially given the evolving role that we play within Africa’s digital ecosystem, and I am committed and excited to be leading Teraco along this growth path”.
Van Wyk will remain a shareholder in Teraco and will continue to serve on the Board in the capacity of non-executive Director.
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