SAVVIS Names New CEO

Managed services provider SAVVIS Inc. has appointed a new CEO, several months after it accepted the resignation of Robert McCormick.

McCormick stepped down late last year following revelations that he had spent $241,000 of company money at a topless club in New York. News reports last week noted SAVVIS and McCormick have settled the disputed tab with American Express; SAVVIS initially refused to pay the charges, which McCormick said were fraudulent. He said the total should have amounted only to $20,000.

Philip J. Koen now takes over McCormicks old post. Jack Finlayson, president and COO, also had been filling in as CEO while SAVVIS searched for a new head.

Koen, 54, also will serve on the board of directors. He comes to SAVVIS from data center and Internet exchange services provider Equinix, where he was the president and COO for the past four years. He previously was the CFO at that company.

“[Koen] brings a wealth of IT infrastructure experience, character and the financial acumen needed to lead SAVVIS’ drive to become the undisputed global leader in managed hosting and network solutions, said Patrick Welsh, chairman of the company’s compensation committee.

SAVVIS Inc. www.savvis.net