Former CFO of GTT to join Internap data centre and cloud company
Mike Sicoli, the CFO until last month of troubled carrier GTT, is joining Internap, a data centre and cloud solutions company.
He will be president and CFO, and will report to CEO Peter Aquino, the company announced.
GTT, which has $3.2 billion of debt after 10 acquisitions since the beginning of 2017, announced Sicoli’s departure after the share price crashed following an announcement that it would sell non-strategic assets.
Internap – often abbreviated to INAP – said Sicoli will lead all finance and accounting functions, corporate development, investor relations, information technology and real estate.
Sicoli (pictured) and Aquino have worked together before. From 2005 to 2010 Sicoli was CFO of New Jersey fibre company RCN, where he also reported to Aquino. “It’s a great opportunity to once again team up with Mike to take INAP to the next level in 2020,” said Aquino.
Sicoli replaces Jim Keeley, who left the company last Friday. Until Sicoli’s arrival at INAP on 1 October the interim CFO will be Joe DuFresne, who is senior VP for finance, corporate development and treasury.
Aquino said of Sicoli: “Mike’s executive leadership accomplishments throughout his career in the TMT sector are very impressive. His background in scaling companies, M&A, team building, and improving work processes makes him a perfect fit for our next stage of development.”