Savvis Appoints New CEO

The Board of Directors of Savvis announced the appointment of Philip J. Koen as Chief Executive Officer of the Corporation

March 14, 2006

2 Min Read

ST. LOUIS -- The Board of Directors of SAVVIS, Inc. (NASDAQ:SVVS), a leading global provider of managed and outsourced IT services, today announced the appointment of Philip J. Koen as Chief Executive Officer of the Corporation. Jack Finlayson will continue to serve as President and Chief Operating Officer. Mr. Koen was also elected to SAVVIS' Board of Directors.

Koen, 54, previously served over four years as President and COO of Equinix, a provider of network-neutral data centers and Internet exchange services, and prior to that as CFO of Equinix from 1999 - 2001. There, among other things, he was instrumental in aggressively scaling the company and leading the company's expansion strategy into Asia-Pacific.

"SAVVIS is poised to firmly establish itself in the industry and the Board has been meticulous in its search for an exceptionally qualified and visionary leader," said Patrick Welsh, Chairman of the company's Compensation Committee. "Phil brings a wealth of IT infrastructure experience, character and the financial acumen needed to lead SAVVIS' drive to become the undisputed global leader in managed hosting and network solutions."

"In addition, the Board wants to thank Jack Finlayson, who has displayed exceptional leadership, character and customer focus in leading the company as Acting CEO over the last five months," Welsh said. "We are pleased that Jack will continue as President and COO."

"I am excited about the prospect of leading SAVVIS to perform to its full market potential," Koen said. "Clearly, the industry is moving toward the innovative managed and virtualized IT utility solutions that SAVVIS is pioneering. SAVVIS customers benefit from a truly unique blend of managed IT services that allows enterprises to solve their most pressing IT problems. In addition, I look forward to working with Jack Finlayson, whose outstanding work has driven record sales in 2005 and significant operational and financial improvements."

Savvis (Nasdaq: SVVS)

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