Equinix Head to Step Down

Equinix Inc., provider of network-neutral data centers and Internet exchange services, said today its president and COO Phil Koen plans to resign on March 2, 2006.

Koen will continue to advise the company as a strategic advisor after March 2. He joined Equinix in July 1999 as CFO and helped the company secure more than $800 million in financing. In May 2001, he was promoted to president and COO.

I have fulfilled my greatest goal, which was to be part of a team that has taken a company from startup to an industry leader, and the company is currently on an excellent course with strong leadership, says Koen. I have a strong personal interest in the telecom and Internet services space and now is the time for me to pursue several unique opportunities.

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