Zayo CEO Dan Caruso steps down

BOULDER — Dan Caruso, a co-founder and longtime CEO of Zayo Holdings Group Inc., is stepping down from the internet infrastructure firm’s top role.

In a statement Thursday, the Boulder-based Zayo said Caruso will become a board member. Steve Smith, a managing director at private equity firm GI Partners, will succeed Caruso. The company did not set a date when the transition will be effective.

“I’m excited to join Zayo as it begins its journey as a private company backed by two of the world’s largest infrastructure investors,” Smith said in a statement. “Dan (Caruso) and I have known one another and partnered together as Zayo and Equinix emerged as the global leaders in their respective digital infrastructure segments.”

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Smith was CEO of data center company Equinix Inc. (Nasdaq: EQIX) from 2007 to 2018. He resigned from that position after “exercising poor judgment” in regard to an employee, according to a company statement at the time.

Caruso led the company from its beginnings in 2007 into a $8.3 billion company traded on the New York Stock Exchange before eventually selling the company to two investment firms last year for $14.3 billion in a go-private deal.

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