Steinfort appointed CFO at Zayo Group Holdings

BOULDER — Zayo Group Holdings Inc. (NYSE: ZAYO) has appointed Matt Steinfort as chief financial officer, starting Sept. 15.

Steinfort is taking the place of Ken DesGarennes, who is retiring from the company but will remain with the company through February 2018 to help with filing the company’s second fiscal quarter forms.

Steinfort will report directly to chairman and chief executive Dan Caruso.

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“Ken’s been a great partner over the first 10 years of Zayo’s journey,” said Caruso, in a prepared statement. “He built a strong and diverse team, architected an efficient balance sheet, executed our M&A strategy, and led our global finance, tax and legal operations.”

Steinfort joined Zayo in November 2016 as vice president of corporate strategy, development and administration. In that role he was responsible for operational finance, investor relations, M&A and other operations. Prior to Zayo, Steinfort worked for video intelligence software as a service company Envysion, founded by Caruso and Steinfort. He was CEO for 10 years.

“In addition to working with me across four different companies, Matt has worked directly with several other members of our executive team and board over the past 18 years,” Caruso said. “With our strong balance sheet, positive organic growth momentum and line of sight to completing the integration and restructuring work undertaken with recent acquisitions, the timing for this change is appropriate.”