Date center operator Equinix Inc. (EQIX) sees global expansion as its biggest growth driver, and on Wednesday, Sept. 12, the company appointed a new CEO to deepen that strategy.
Charles Meyers, who joined the company eight years ago and has spearheaded the company's global drive since becoming chief operating officer in 2013, takes over a company whose annual revenue has grown from $1.2 billion when he joined to an expected $5 billion this year.
"We are well-positioned in a changing market for growth, but we are also mobile enough to adapt to any further changes," Meyers told TheStreet in an interview Wednesday. "The digital transformation has become a base-level issue for companies around the world. Equinix brings a compelling value proposition."
Equinix is a data center real estate investment trust that operates 200 data centers in 52 countries around the world. The company competes with other data center REITs such as Digital Realty Trust Inc. (DLR) , CyrusOne (CONE) , and CoreSite Realty (COR) .
Outside of its global reach, Meyers says the company's interconnection platform, which allows clients to interact with partners, is what separates the company from competitors.
"Our ability to interconnect companies with their supply chain in unparalleled," Meyers said. "We are very much a global company and our value proposition is our global reach."
Meyers is taking over for Peter Van Camp, who has served as the company's interim CEO since January 2018. Former CEO Steve Smith resigned after 11 years at the helm of the company for what Equinix said was "exercising poor judgment with respect to an employee matter."
Shares of Equinix were up 0.7% to $437.69 on Wednesday morning following the announcement. Year to date, shares are down 3.4%.