TORONTO, ONTARIO--(Marketwired - June 24, 2016) - TeraGo Inc. ("TeraGo" or the "Company") (TSX:TGO) (www.terago.ca) announces that following the Company's 2016 Annual General Meeting (the "Meeting") held yesterday and the previously announced retirement of Charles Allen, TeraGo has appointed Jim Nikopoulos as the new Chair of the Board effective immediately.
Mr. Nikopoulos joined TeraGo's Board back in October 2013 and currently serves as the Senior Vice President, General Counsel and Corporate Secretary of Element Financial Corporation. Mr. Nikopoulos previously served as Vice President, Corporate Development and General Counsel at TeraGo, and prior to that, was a partner at Davies Ward Phillips & Vineberg LLP. He holds an Honours Bachelor of Arts degree (Economics & Political Science) from the University of Toronto and a law degree from Osgoode Hall Law School.
Mr. Nikopoulos commented, "We were very fortunate to have had Charles Allen's strong leadership who made a significant contribution to TeraGo's strategic direction and recent transformation. With his retirement, I'm excited and thrilled to take on this vital and enhanced role at TeraGo and will look to lead the Company into the next stage of its growth as Canada's premier enterprise class network, data, voice and cloud services provider."
Mr. Stewart Lyons, President and CEO of TeraGo added, "We are looking forward to Jim's experience and continued guidance as the new Chair, and are confident the Board will continue its focus on creating long-term value for our shareholders and customers under his leadership."
In addition to the appointment of Mr. Nikopoulos as Chair of the Board, Mr. Gary Sherlock, who was elected as a new director at the Meeting has been appointed as the new Chair of TeraGo's Audit Committee.
TeraGo provides businesses across Canada and globally with network and voice services, data center services and enterprise infrastructure cloud services. TeraGo manages over 3,000 cloud workloads, seven data centers in the Greater Toronto Area, the Greater Vancouver Area, Ottawa, Kelowna and Winnipeg and owns and manages its own IP network. The Company serves approximately 4,000 business customers in 46 major markets across Canada including Toronto, Montreal, Calgary, Edmonton, Vancouver and Winnipeg. TeraGo Networks is a Competitive Local Exchange Carrier (CLEC) and was selected as one of Canada's Top Small and Medium Employers for 2015 and is recognized as a Canadian Telecommunications Employer of Choice for 2016. TeraGo Networks was also recognized by IDC as a Major Player in MarketScape Cloud Vendor Assessment.
For more information about TeraGo, please visit www.terago.ca.