EXA Infrastructure has named Adeel Ahmad as its Chief Financial Officer (CFO), responsible for financial planning, accounting, tax and treasury, as the business sets its sights on further growth and investment.
Ahmad joins EXA Infrastructure from ADVANZ PHARMA, a specialist pharmaceutical company committed to improving the lives of patients by enhancing critical medicines, where he also served as CFO. He was instrumental in setting the strategic direction for ADVANZ, streamlining the business and playing a lead role in its $2.1 billion sale in 2021.
EXA Infrastructure was formed last September after its Europe-wide, sub-sea and North American network infrastructure and data centre assets were acquired by I Squared Capital, enabling the business to focus on meeting rising customer demand for core services. The company now serves customers across 103,000 route km of fibre network that connects 300 cities.
Ahmad, who is based at EXA’s London headquarters, has a long track record of financial leadership success in technology and telecoms businesses. Prior to ADVANZ, he was the CFO of the Indian operations of Ingram Micro Mobility, formerly BrightPoint, based in India. He previously held several senior finance roles at Nortel Networks over the course of a decade, based in Canada and South Korea.
“Adeel’s experience and qualities are ideal for leading our financial function as we pursue our growth strategy and maintain a sharp focus on delivering the infrastructure services that our customers need,” said Martijn Blanken, Chief Executive Officer of EXA Infrastructure. “As we invest in new routes and technologies, and increase the quality and sophistication of our customer service capabilities, he will play a pivotal part in the growth of our business as we continue to build out our leadership team.”
Ahmad holds a Bachelor of Commerce degree from the University of Toronto and an MBA from the Ivey School of Business at the University of Western Ontario. He also holds a Canadian Chartered Accountancy designation.
“EXA is a young company with such strong potential, given the market demand for core infrastructure services and the willingness of the business to invest in the network. We have an assertive growth strategy, an expert team and network assets that set us apart,” said Ahmad.