ExteNet Systems announced that Jim Hyde, its President and CEO, will resign from the company after a “brief transition period.”
Hyde will be replaced on July 30th by new President and interim CEO, Rich Coyle. As COO, Coyle oversaw the Operations team that achieved back-to-back “record” node activations in 2019 and 2020. Coyle has been with ExteNet since 2018.
“It is with a great sense of pride and optimism that I pass the baton to my good friend and colleague Rich Coyle to lead ExteNet in the next phase of its growth and value creation,” said Jim Hyde. “These last 3 years have been highly rewarding for me as the CEO and I want to thank all our employees for their relentless focus, our investors for their unwavering support as well as our customers for their continued partnership. I am looking forward to taking a step back from the business to focus on family and other personal interests, as well as continuing to work alongside DigitalBridge and Stonepeak on future global investment opportunities.”
Meanwhile, Coyle noted that he is “excited about the opportunity to lead ExteNet and continue to serve our customers. With 5G in the early stages of a multi-year investment cycle, network densification and advanced connectivity will remain the primary focus for carriers, real estate owners and enterprises in the coming years.”
