Pacnet Appoints Carl Grivner As Chief Executive Officer

Industry veteran brings along 23 years of executive experience at leading telecommunications firms

SINGAPORE, 16 July 2012 Pacnet today announced that the company’s Board of Directors has appointed Carl J. Grivner as Chief Executive Officer, effective 23 July 2012.

Mr Grivner brings to Pacnet 23 years of executive and leadership experience, including 12 years of Chief Executive Officer experience in XO Communications, Worldport Communications, Cable & Wireless plc (Western Hemisphere) and Advanced Fibre Communications. He also brings along a global perspective and extensive international experience, having held leadership roles in North and Central America, Europe and Asia. Mr Grivner will be based in Singapore.

“Carl brings unparalleled leadership, expertise and execution track record in the telecommunications industry to Pacnet. We are excited to welcome him to the Pacnet team,” said James Ousley, Chairman of Pacnet’s Board of Directors. “Carl has a unique combination of strategic focus and operational skills. He has a proven track record in delivering on consistent growth while maintaining operational efficiencies. The Board is fully confident that Carl, as part of our experienced management team, will successfully execute on Pacnet’s next phase of growth in our integrated communications, data center and CDN offerings in Asia Pacific. The Board would also like to thank Brett Lay, our Chief Financial Officer, for his leadership during the CEO search. Brett will continue to be a critical part of our leadership team in his role as the Chief Financial Officer.”

Mr Grivner was most recently CEO of XO Communications, a leading telecommunications company in the United States, where he grew revenues over 50% to $1.5 billion. He transformed XO Communications from a local exchange carrier to a national carrier by growing the Enterprise customer segment and by developing and implementing a new broadband and data/IP strategy business model. He also led the successful acquisition and integration of Allegiance Telecom, achieving $180 million in synergies in 16 months.

Prior to XO Communications, Mr Grivner was Chief Operating Officer of Global Crossing, CEO of Worldport Communications, CEO of Cable & Wireless plc (Western Hemisphere) where he headed North American operations, and CEO of Advanced Fibre Communications. He has also held various senior management positions in Ameritech and IBM.

Mr Grivner said, “Pacnet is Asia’s leading end-to-end communications service provider, with the largest and most far-reaching submarine fiber cable system in the region. We will bring to bear Pacnet’s unique, integrated assets and talented staff to deliver innovation and value to our customers and capitalize on the rapid growth in Asia’s demand for network, data center and CDN services. I look forward to lead the Pacnet team that will drive the company’s next stage of growth.”

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:

Roland Lim
Pacnet
Tel: +852 2121 2975
Email: roland.lim@pacnet.com

Genevieve Li
Pacnet
Tel: +852 2121 2728
Email: genevieve.li@pacnet.com

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