This follows the resignation of founder Lex van Wyk as CEO, effective 1 January 2020.
Jan Hnizdo, the CFO and managing director of Teraco, will be taking over as CEO of data centre group Teraco from 1 January 2020.
This follows the resignation of Lex van Wyk, one of the founders of the organisation.
Van Wyk said that after 11 years, it felt like the timing was right to step aside. He will remain a shareholder in Teraco and will continue to serve on the board in the capacity of non-executive director.
“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 to Teraco’s success over the past nine years,” Lex said.
Prior to joining Teraco in 2011, Jan served as CFO at MediCredit, Prism Holdings and I-Fusion. He is a CA(SA) and holds a B.Com from Wits University.