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Equinix CFO to retire in 2026 after 27-year company tenure
Yahoo Finance· 2025-12-04 15:15
Core Insights - Equinix's CFO Keith Taylor will retire in 2026 after a 27-year tenure, with 20 years as CFO, and will assist in the transition as a strategic advisor until March 1, 2027 [3][7] - The company aims to double its data center capacity by 2029, capitalizing on the artificial intelligence boom, and reported record gross annual bookings of $394 million for Q3 [5][6] - Equinix hosted its inaugural AI summit in September, launching new products including an AI infrastructure solution and expanding its Fabric Intelligence offering [6] Company Transition - Taylor will work 20 hours a week in his advisory role with a salary of $48,000, and will not receive bonuses after 2025 [4] - The company is actively searching for Taylor's successor ahead of his planned retirement [7] Financial Performance - Equinix reported a gross profit of approximately $1.2 billion for the three-month period ending September 30 [5]