Plano, TX – (March 17, 2008) Layered Technologies, a leading worldwide provider of “on demand” IT infrastructure, announces today that John Faulkner has been appointed Chief Financial Officer, effective immediately. Bill Passer will maintain his role as Senior Vice President of Finance.
Faulkner, 43, joins Layered Technologies from Level(3), where he served as Vice President, Finance. His responsibilities included the financial management of Level(3)’s network access costs. Faulkner will now report to Jack Finlayson, CEO of Layered Technologies, and have responsibility for all financial planning, management and reporting.
“We are pleased to add an executive with Mr. Faulkner’s record of success,” said Jack Finlayson, CEO of Layered Technologies. “John’s talents and industry experience is a great addition to our team as we continue to grow the business. We acknowledge Bill Passer, our SVP of Finance, for his numerous contributions over the years. Bill will maintain his current position and will be responsible for all M&A activity going forward.”
Faulkner joined Level(3) as a result of the acquisition of Broadwing, where he served as Vice President, Operations Finance with responsibility for capital, cost of service and network services operating expense. John played key roles in the successful integration of Focal Communications, and in driving Broadwing to positive EBITDA prior to Level(3)’s acquisition.
Prior to Broadwing, Faulkner held positions as CFO, Treasurer and Secretary for Altra Energy Technologies and Pavilion Technologies, as well as senior management roles with Dell.
“I’m excited to have the opportunity to join the Layered Tech team at this exciting time,” said Faulkner. “The company has built an impressive brand within the hosting services market and is positioned to continue its exceptional growth. I am looking forward to contributing my knowledge and experience to enhance the momentum of this team.”