Zayo announced on November 2nd that John Scarano, President and COO of Zayo Bandwidth, will be departing the company as of November 19th. Scarano, who co-founded the company with Dan Caruso in 2006, had a four-year agreement with the company that was fulfilled last month. In a memo to the Zayo team, Scarano explained, “I personally enjoy building or fixing companies then leading them through the necessary changes where the future is uncertain. Given our current position of strength, this is an ideal time to step aside and have another take my place.”
According to Dan Caruso, President and CEO of Zayo, Scarano was, “integral in the acquisitions that became the foundation of the Zayo Bandwidth segment.” Scarano has had a long-standing partnershp with Dan Caruso with whom he has worked since 1995 at MFS, Level 3, ICG and Zayo.
Zayo, which employees approximately 350 people is ranked in the top 10% of ColoradoBiz Magazine’s list of the Top 250 Private Companies in the State of Colorado at number 23.
According to the press release, Scarano’s responsibilities will be distributed to existing members of the leadership team including Mr. Caruso. Caruso and Zayo’s Board will evaluate options to replace Scarano or permanently redistribute his duties. Scarano remains a major equity owner in Zayo.
- Howard Zonder
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