Teraco CEO steps down

Lex Van Wyk is stepping down as CEO of Teraco.

African vendor-neutral data centre, Teraco announced on Monday, 2 December 2019, that Lex Van Wyk will step down as Chief Executive Officer – effective 1 January 2020. Van Wyk will be succeeded by Jan Hnizdo, who has been an Executive Director of Teraco since 2011, having initially joined Teraco in the position of Chief Financial Officer, and as Managing Director since early 2018.

Lex Van Wyk is stepping down as CEO of Teraco.

As one of the founders of Teraco in 2008 and as CEO since 2013, van Wyk previously served as Managing Director. In this time, he has been instrumental in growing the business from its early stages as a start-up data centre in Cape Town to Africa’s largest data centre as it is known today.

Van Wyk and his Teraco team also played a pivotal role during this time to change the South Africa telecommunications landscape. As the first vendor-neutral data centre in Africa, Teraco also launched Africa’s largest internet exchange, NAPAfrica in 2012. This changed the way the African continent accessed content, while also making the Internet more easily available, and at a significantly reduced cost.

“It has been an honour for me to help build such a phenomenal business, but after 11 years, I feel that the timing is right to step aside,” says van Wyk.

Regarding Hnizdo’s new role as CEO, van Wyk notes, “This transition has been carefully planned over the last few years. The current management team is focused and stays in place with the same goals. Importantly, Jan has been an outstanding part of the leadership team and has played an integral role in Teraco’s success over the past nine years”.

Van Wyk will remain a shareholder in Teraco and will continue to serve on the Board in the capacity of non-executive Director.

Edited by Jenna Delport

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