Sunday, January 10, 2010

Koen Resigns as CEO of Savvis

Phil Koen resigned as CEO of Savvis. The company announced that James E. Ousley will serve as interim chief executive officer until the company names a replacement. Jim Ousley has served as non-executive chairman of Savvis since May 2006 and as a director since April 2002.

Saviss also reaffirmed its 2009 guidance, which calls for adjusted EBITDA of $215 to $220 million, total cash CAPEX guidance between $120 and $140 million, cash interest expense of approximately $40 to $45 million, and adjusted free cash flow of $40 to $50 million.http:///