TeraGo (TSX:TGO, StockForum), providing carrier-grade broadband, data and voice communications services in 46 markets across Canada, announced today that through mutual agreement, CEO, Bryan Boyd resigned.
Charles Allen, interim president and CEO of TeraGo, commented in the company news release, “The board joins me in wishing Bryan well and thanking him for his 13 years of leadership and accomplishments.”
Allen continued, “We have commenced a search for a new Chief Executive Officer to drive the next phase of our data centre expansion strategy and to renew focus on growth within our existing access business.”
He then summed up, “As the broadband industry evolves, our objective is to accelerate the development of our facilities and portfolio of services to better serve Canada's small and medium business community's data hosting and related needs.”
TeraGo was recently in the news when it posted Q3 2013 results.
Stocks were down 10.91% on the news to $6.78 per share.
Currently there are 11,437,803 outstanding shares with a market cap of $77.55 million.