In a strategic move, Equinix, a data center operator, has appointed Adaire Fox-Martin, a top executive from Alphabet’s Google Cloud, as its new CEO.
Adaire Fox-Martin, who has served on Equinix’s board since 2020, brings a wealth of experience to her new role.
Prior to her tenure at Equinix, she held significant leadership positions at leading technology firms such as SAP and Oracle. At Google Cloud, she served as President of Go-to-Market and Head of Google Ireland, overseeing global sales, professional services, partner ecosystem, and customer success.
The outgoing CEO, Charles Meyers, who has led Equinix since 2018, will transition to the role of executive chair after a successful six-year tenure. Under Charles Meyers’ leadership, Equinix has expanded its global footprint to over 70 markets across 33 countries, solidifying its position as a leader in global interconnection services. The company has experienced remarkable growth, with a six-fold increase in revenue and the addition of over $80 billion in equity value during Charles Meyers’ tenure.
Charles Meyers will remain actively engaged in driving Equinix’s strategic initiatives until late Q2, ensuring a smooth transition of leadership. Meanwhile, Peter Van Camp, the current executive chair, will step down from the board to assume the role of special advisor, providing valuable insights and guidance to the company.
Equinix’s decision to appoint Adaire Fox-Martin as the next CEO underscores its commitment to innovation and adaptability in an increasingly competitive market. With her proven track record of leadership and deep industry knowledge, Fox-Martin is poised to lead Equinix into its next phase of growth and development.
Equinix earlier announced the appointment of Merrie Williamson as Executive Vice President and Chief Customer and Revenue Officer (CCRO). Merrie Williamson held leadership roles at Microsoft and Intel.
In 2023, Equinix reported revenues of $8.188 billion (up 13 percent), operating income of $1.443 billion (up 20 percent) and net income of $969 million (up 38 percent).
Equinix is targeting revenues of $8.793 billion – $8.893 billion in 2024, a 7 – 9 percent increase over the previous year.
