NEW YORK–(BUSINESS WIRE)–The Board of Directors of The Telx Group has announced that Chris Downie, who has served as the President and Chief Financial Officer of Telx since 2007, will assume the role of Chief Executive Officer effective immediately.

Downie has 22 years of experience in the communications and finance industries and has provided leadership to Telx in a variety of functional areas including finance, strategic planning, business development, customer service and operational support.

“Chris has been a compelling leader for Telx over the past six months. The board and the company’s investors have great confidence in Chris and his ability to drive Telx’s continued success as a premier provider of interconnection and data center solutions to our customers,” said John Kelly, Chairman of the Board of Directors.

“I am honored to follow in the steps of such a capable leader as Eric Shepcaro,” Downie said of his new role. “Eric provided tremendous guidance as the company expanded into a number of new markets and developed innovative interconnection products and data center services for our clients. He served as a great mentor to me and we all miss him.” Downie added, “I look forward to leading Telx in the next stage of its growth.”

Prior to joining Telx, Downie served as CFO, COO and ultimately Principal Executive Officer for Motient Corporation, a leading satellite services company developing expansive communications platforms in North America, and in varying financial and operational consulting capacities for Communications Technology Advisors (CTA). Before CTA, he was a co-founder and CFO for BroadStreet Communications, a competitive telecommunications company. Downie also spent ten years executing corporate finance transactions in the communications sector at Daniels & Associates and Bear Stearns. He holds an MBA from New York University and a BA from Dartmouth College.

About Telx

Telx is a leading provider of interconnection and secure data center services in strategic, high-demand North American markets. With 20 datacenters supported by 100% Uptime SLAs and 24 Hour Cross Connect guarantees, Telx increases speed to market and reduced connectivity costs by providing direct connectivity to the industry’s highest performance networks and access to 1,100+ customers, including leading telecommunications carriers, ISPs, cloud providers, content providers and enterprises. Telx is a privately held company headquartered in New York City, servicing 13 US markets with six facilities across the New York / New Jersey Metro area, two facilities in Chicago, two facilities in Dallas, four facilities in California (Los Angeles, San Francisco, and two in Santa Clara), two Pacific Northwest facilities (Seattle and Portland), and facilities in Atlanta, Miami, Phoenix and Charlotte, N.C. For more information, please visit: www.Telx.com.