TORONTO, ONTARIO--(Marketwired - Jan. 6, 2014) - TeraGo Inc. (TSX:TGO) (www.terago.ca) announced that its Board of Directors has appointed Stewart Lyons, 40, President and CEO of the company and a member of the Board of Directors effective January 6, 2014. Mr. Lyons replaces Charles Allen, Chairman, who served as Interim President and CEO since November.
Mr. Allen stated, "We are thrilled to appoint Stewart Lyons, an executive with deep expertise in leading entrepreneurial telecommunications businesses, as TeraGo's CEO. His comprehensive skill set and track record, including strategy formation and execution, building sales and marketing and operations management teams, as well as knowledge of finance and regulatory, make him the ideal dynamic executive to lead TeraGo forward. The board welcomes Stewart and looks forward to his initiative and collaboration as we accelerate our efforts to drive market penetration and expansion of sales and profits."
Mr. Lyons commented, "TeraGo's market positioning and its wireless broadband asset base, including expanding data centre and fibre components, give the company a unique advantage in capturing commercial customers' growing demand for data centre services and broadband connectivity. I very much look forward to joining the team and advancing TeraGo's leadership in end-to-end data centre and access services to serve Canada's small and medium business community."
Stewart Lyons served as Chief Operating Officer (2008-2011) and President (2011-2013) of Mobilicity, a wireless telecom carrier he founded serving Toronto, Vancouver, Calgary, Edmonton and Ottawa. Prior to this, Mr. Lyons was co-founder and Executive Vice President of XM Satellite Radio Canada, beginning as this venture's initial employee in 2004 and ending with a public company with $2 billion in market capitalization serving 2.2 million Canadians and driving EBITDA of nearly C$60 million. From 2003 to 2005, Mr. Lyons was Associate, Global Trading, Interest Rate and Derivatives of Scotia Capital. He began his career in 1999 as Director of Operations, Toronto 2008 Olympic Bid Corporation. Mr. Lyons earned an MBA from the Rotman School of Management at the University of Toronto, a Bachelor of Laws from Osgoode Hall Law School, and a Bachelor of Arts (with distinction) from the
University of Western Ontario. He was named among Canada's Top 40 Under 40 in 2010.
ABOUT TERAGO NETWORKS
TeraGo Networks Inc. provides businesses across Canada with carrier-grade broadband, data and voice communications services. Colocation and disaster recovery solutions are also provided by Data Centers Canada, a division of TeraGo Networks. The national service provider owns and manages its IP network servicing over 6,500 customer locations in 46 major markets across Canada including Toronto, Montreal, Calgary, Edmonton, Vancouver and Winnipeg. TeraGo Networks is a Competitive Local Exchange Carrier (CLEC) and is a wholly owned subsidiary of TeraGo Inc. (TSX:TGO). More information about TeraGo is available at www.terago.ca.