Pacnet announces CEO departure and interim CEO appointment

22 May 2012 – Hong Kong – The Board of Directors of Pacnet, Asia’s premier provider of connectivity and data hosting services, announced today that Brett Lay, Chief Financial Officer, has been appointed as interim CEO. Effective today, William L. Barney is no longer serving as Chief Executive Officer and the Board of Directors thank him for his service to Pacnet. A global search is underway for a permanent Chief Executive Officer.

James Ousley, who was appointed as Pacnet’s independent Chairman at the start of the year, said, “Pacnet has a well-established track record in the data center business and a best-in-class integrated communications infrastructure in Asia Pacific. We see tremendous opportunities for Pacnet to further expand its network, data center and CDN offerings as the region’s digital appetite, user base and demand for end-to-end multi-media streaming continues to grow.”

Ousley continued, “Brett is a seasoned telecom executive. On behalf of the Board of Directors, we are confident in his capabilities and commitment to lead Pacnet during this leadership transition and to play a pivotal role with the new CEO in furthering Pacnet’s evolution into a leading regional player of cloud based data services.”

Brett Lay is a 25-year veteran of the telecom industry with significant operational and financial experience. For the past five years as Pacnet’s Chief Financial Officer, he has been responsible for Pacnet’s financial strategies, planning and operations and corporate finance initiatives. Prior to Pacnet, Mr. Lay held Chief Financial Officer positions at Pihana Pacific and MediaOne Group, Asia Pacific and served at US West/MediaOne Group Inc. for fourteen years. Mr. Lay holds two master of science degrees, one in Finance and one in Management, from the University of Colorado.

About Pacnet
Pacnet is Asia’s leading communications provider delivering integrated high-performance data delivery and hosting services on a unified platform. Pacnet owns and operates EAC-C2C, Asia’s largest privately-owned submarine cable network at 36,800 km, as well as EAC Pacific, which spans 9,620 km across the Pacific Ocean. Together with its connected data centers and global IP network, Pacnet simplifies and accelerates communications for carriers and businesses, enabling them to connect with their customers and partners seamlessly in the cloud. Pacnet is headquartered in Hong Kong and Singapore, with offices in all key markets in Asia and North America. For more information, please visit: www.pacnet.com.

For more information, please contact

FTI Strategic Communications

Mark Walters
+852 6790 1093
mark.walters@fticonsulting.com
Daniel Del’Re
+852 9623 5080
daniel.delre@fticonsulting.com

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