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The following content is from an older version of this website, and may not display correctly. Arthur Becker has stepped down from his role as CEO for the US provider of hosting and managed services NaviSite. Becker's replacement will be R. Brooks Borcherding, who has been the company's president and will now also perform duties of the CEO.
Becker will remain on NaviSite's board of directors. The company did not disclose the reason he stepped down from his position as CEO.
"I am proud of the Company we have built and the team that I have had the privilege to lead during the past 8 years," Becker said in a statement. "With the divestitures of non-strategic assets and the deleveraging of our balance sheet during this past year, I look forward to a new pace of organic growth in enterprise hosting and managed cloud services under Brooks' leadership."
Becker is a co-founder of Atlantic, the investment fund whose buy-out offer NaviSite's board rejected earlier this month. Atlantic, which already owns one-third of the company, placed a bid to buy the rest of the company's stock at $3.05 per share, valuing the provider at about $111.3m, in July.
Another Atlantic co-founder is NaviSite Chairman Andrew Ruhan.
NaviSite has recently made major adjustments to its strategy, switching from being a provider of managed services and colocation to providing only hosting and managed services, with emphasis on cloud computing offerings. The company has been selling all of its data center space that has been used for colocation only.
Borcherding, Becker's successor, started at NaviSite as senior vice president of sales and chief revenue officer in April 2009. He has been president since March of this year.
Borcherding came to NaviSite from Cisco Systems, where he served as director of strategy, planning and operations. Prior to joining Cisco, he spent eight years as global solutions director at Avaya.
Becker will remain on NaviSite's board of directors. The company did not disclose the reason he stepped down from his position as CEO.
"I am proud of the Company we have built and the team that I have had the privilege to lead during the past 8 years," Becker said in a statement. "With the divestitures of non-strategic assets and the deleveraging of our balance sheet during this past year, I look forward to a new pace of organic growth in enterprise hosting and managed cloud services under Brooks' leadership."
Becker is a co-founder of Atlantic, the investment fund whose buy-out offer NaviSite's board rejected earlier this month. Atlantic, which already owns one-third of the company, placed a bid to buy the rest of the company's stock at $3.05 per share, valuing the provider at about $111.3m, in July.
Another Atlantic co-founder is NaviSite Chairman Andrew Ruhan.
NaviSite has recently made major adjustments to its strategy, switching from being a provider of managed services and colocation to providing only hosting and managed services, with emphasis on cloud computing offerings. The company has been selling all of its data center space that has been used for colocation only.
Borcherding, Becker's successor, started at NaviSite as senior vice president of sales and chief revenue officer in April 2009. He has been president since March of this year.
Borcherding came to NaviSite from Cisco Systems, where he served as director of strategy, planning and operations. Prior to joining Cisco, he spent eight years as global solutions director at Avaya.