Managed hosting specialist Savvis Inc. (SVVS) today said it would organize the company under three business units: Hosting, Network and Financial Services. Savvis named Bill Fathers to oversee the realignment and manage Savvis’ business units in the U.S. Fathers, who previously served as Senior Vice President of Product Development, will "focus primarily on product design, engineering, demand creation and delivery support across three business units."
Savvis said the change in structure reflects the "company’s commitment to improve product delivery and speed to market to maximize focus and operational efficiencies."
"It is clear that SAVVIS has reached a stage in our growth where three clear lines of business have emerged," said CEO Phil Koen. "Hosting, Network, and Financial Services have each grown to a size, scale and complexity level that requires them to be managed as separate business units with critical interdependencies. Bill is a proven leader and I look forward to his contributions as we focus on improving Savvis’ revenue growth, operational excellence and profitability on a global scale.”