euNetworks Announces Management Changes and Board Appointments

New management structure to align key functions as euNetworks moves forward with the next phase of its development. John Scarano appointed to the position of Vice Chairman to the Board and Executive Vice President, responsible for Finance, Operations and Corporate Development. Uwe Nickl appointed to the Board as an Executive Director.

London, UNITED KINGDOM 21 December 2011 – euNetworks Group Limited, today announced the implementation of a new management structure, ensuring close alignment of key functions as the business scales further. In association with that new structure, the Company also announced two appointments to the Board of Directors, effective 1 January 2012.
John Scarano has been appointed Vice Chairman to the euNetworks Board of Directors and Executive Vice President of the Group, responsible for Finance, Operations, IT and Corporate Development. Prior to this appointment, Mr. Scarano served as Strategic and Corporate Development Advisor to euNetworks. John Franklin, Chief Operating Officer of euNetworks, reports directly to John Scarano, as do existing Finance leads and the Group Finance Director, Justin Bohm.

“euNetworks is a rapidly scaling European bandwidth infrastructure provider, driving value from core assets and investing to deliver further growth,” said Brady Rafuse, Chief Executive Officer of euNetworks. “Close alignment and interaction between key functions within the business is vital to effectively support the demand we see from our customers, particularly as we move forward with the next phase of our development.”

“With that in mind, we have combined our Finance and Operations teams into one core function, reporting to John Scarano,” said Rafuse. “John joined the euNetworks management team earlier this year and was instrumental in acquisition and fund raising activity. He brings with him a wealth of commercial leadership as well as corporate, strategic, financial and operating experience. This new structure provides euNetworks with a service engine, managing our costs and capital deployment through to service delivery, billing and collections within one unit. It is a structure that enables euNetworks to grow, scale and continue to deliver a great experience to our customers.”

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About euNetworks

euNetworks is a bandwidth infrastructure company, owning and operating 17 fibre based metropolitan networks connected with a high capacity intercity backbone covering 51 cities in 15 countries. The company leads the market in data centre connectivity, directly connecting over 430 today. euNetworks is also a leading cloud connectivity provider, directly connecting to all key cloud platforms with access to additional platforms. The company offers a targeted portfolio of metropolitan and long haul services including Dark Fibre, Wavelengths, and Ethernet. Wholesale, finance, content, media, data centre and enterprise customers benefit from euNetworks’ unique inventory of fibre and duct based assets that are tailored to fulfil their high bandwidth needs.