– CHINA, Shanghai – GDS Holdings Limited (NASDAQ:GDS), a leading developer and operator of high-performance data centers in China, today announced, effective immediately, that Erik Siao, independent director of the board of directors and member of the audit committee, resigned from the Board for personal reasons.
The Company also announced the appointment of Gary J. Wojtaszek to the Board as a director effective immediately. The appointment to the Board of Mr. Wojtaszek, president and chief executive officer of CyrusOne Inc. (NASDAQ:CONE), a premier global data center REIT, is in accordance with the terms and conditions of the transaction documents for the strategic partnership that GDS announced with CyrusOne on October 18, 2017. Mr. Wojtaszek has been an observer of the Board since October 2017.
Mr. Wojtaszek was appointed president and chief executive officer of CyrusOne in August 2011 and has served as a member of the board of directors of CyrusOne since July 2012. Mr. Wojtaszek was a director of Cincinnati Bell Inc. (“CBI”) from July 2011 to January 2013 and served as chief financial officer of CBI from July 2008 to August 2011. Prior to CBI, Mr. Wojtaszek was senior vice president, treasurer and chief accounting officer for the Laureate Education Corporation in Baltimore, Maryland from 2006 to 2008. Prior to that, Mr. Wojtaszek worked at Agere Systems, the semiconductor and optical electronics communications division of Lucent Technologies, which was subsequently spun-off through an initial public offering. While at Agere Systems, Mr. Wojtaszek worked in a number of finance positions, ultimately serving as the vice president of corporate finance, overseeing all controllership, tax and treasury functions. Mr. Wojtaszek has an MBA from Columbia University and a BA from Rutgers University.
The Board has appointed Mr. Zulkifli Baharudin, an independent director of the Board, to fill the audit committee position vacated by Mr. Siao.
“We want to express our thanks to Mr. Siao for his service to the Board as a director and as an audit committee member. Mr. Siao joined the Board in 2007 and has contributed to GDS’s long-term growth over the last 11 years. We wish him well on his future endeavors,” stated Mr. William Huang, chairman and chief executive officer of GDS Holdings. “We are also delighted to formally welcome Mr. Wojtaszek to the Board. CyrusOne is our important strategic partner and a global leader in the data center space. Mr. Wojtaszek’s rich experience and background strengthen our partnership with CyrusOne and also add an additional dimension to our already strong Board.”
Lim Ah Doo, chairman of the audit committee, stated, “I would like to thank Mr. Siao, on behalf of the audit committee, for his diligent oversight, unwavering support and contributions to the audit committee over the years.”
About GDS Holdings Limited
GDS Holdings Limited (Nasdaq:GDS) is a leading developer and operator of high-performance data centers in China. The Company’s facilities are strategically located in China’s primary economic hubs where demand for high-performance data center services is concentrated. The Company’s data centers have large net floor area, high power capacity, density and efficiency, and multiple redundancy across all critical systems. GDS is carrier and cloud neutral, which enables customers to connect to all major PRC telecommunications carriers, and to access a number of the largest PRC cloud service providers, whom GDS hosts in its facilities. The Company offers colocation and managed services, including direct private connection to major cloud platforms. The Company has a 17-year track record of service delivery, successfully fulfilling the requirements of some of the largest and most demanding customers for outsourced data center services in China. The Company’s base of customers consists predominantly of hyper-scale cloud service providers, large internet companies, financial institutions, telecommunications and IT service providers, and large domestic private sector and multinational corporations.
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