20th February 2012

Former Rackspace CFO Joins iWeb Board

iwebMontreal’s iWeb has confirmed that Bruce Knooihuizen, until recently Chief Financial Officer of Rackspace, has joined its Board of Directors,  and that the company will be making an important announcement regarding Cloud Infrastructure Service offerings in the spring of 2012.

“We are very happy with the addition of Bruce Knooihuizen to our Board of Directors, his experience in building some of the most successful and profitable cloud and telecom infrastructures will add depth to an already strong management team,” says Eric Chouinard, iWeb’s CEO and co-Founder. “Just as importantly, Bruce shares our values and our vision for the future of the industry. He understands what we are building, here at iWeb, and has decided to get involved at a pivotal time, and we’re understandably thrilled to be able to count on Bruce’s experience, knowledge and intuition.”

A veteran of the telecommunications Industry since 1980, Bruce was named CFO of Rackspace in 2008, and played a key role in taking the Company public on the New York Stock Exchange later that year, in what was the biggest IPO in the history of Internet Hosting Industry. At the time of his departure, Rackspace had seen its value grow to nearly $4.9 Billion USD. Prior to that, Bruce had overseen the growth of Dobson Communications Corporation, in Oklahoma City. Valued at nearly $5 Billion USD at the time of its sale to AT&T, Dobson’s revenues had grown from $34 million to a $1.4 Billion.

This entry was posted on Monday, February 20th, 2012 at 8:53 am and is filed under Business News, National News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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