Equinix, Inc. (EQIX) said this afternoon that Peter Van Camp will transition from his role as Chairman and CEO to Executive Chairman during the next year. Van Camp's change of roles stems from his desire to spend more time with his wife, a three-year breast cancer survivor who is recovering from a recent bout with the disease.
Equinix said it will start an external search for a new CEO, and that Van Camp will continue to be "fully engaged as CEO" until the new CEO is appointed. Van Camp plans to remain involved in Equinix as executive chairman, developing company strategy while maintaining key relationships with investors and customers.
"I've made an important decision for Equinix and my wife and me regarding my future role with the company," said Van Camp. "The strength of the Equinix senior management team, combined with the company's market position and momentum, gives me a great deal of confidence that we will successfully and seamlessly transition the leadership of the company to a new CEO who will continue to build on Equinix's success."