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Gateway Fiber’s Co-Founder and CEO Heath Sellenriek Becomes Independent Board Director, Board Appoints Chris Surdo as Successor

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Gateway Fiber, a rapidly expanding internet service provider, has announced a significant leadership change. Co-founder and CEO Heath Sellenriek is stepping down but will remain involved as an Independent Director on the Board. The company has appointed Chris Surdo, the current President, as the new CEO.

Surdo, who joined Gateway Fiber in 2020 as CFO before becoming President in 2022, has been instrumental in the company's recent achievements. Under his leadership, Gateway Fiber has expanded its footprint in eastern Missouri, Minnesota, and western Massachusetts. The transition is described as a planned step to ensure the company's continued focus on customers, communities, and employees.

Gateway Fiber, un fornitore di servizi internet in rapida espansione, ha annunciato un'importante modifica al vertice. Il co-fondatore e CEO Heath Sellenriek si dimette, ma continuerà a essere coinvolto come Direttore Indipendente nel Consiglio. L'azienda ha nominato Chris Surdo, l'attuale Presidente, come nuovo CEO.

Surdo, che è entrato a far parte di Gateway Fiber nel 2020 come CFO prima di diventare Presidente nel 2022, è stato determinante per i recenti successi dell'azienda. Sotto la sua guida, Gateway Fiber ha ampliato la sua presenza nel Missouri orientale, nel Minnesota e nel Massachusetts occidentale. La transizione è descritta come un passo programmato per garantire il continuo focus dell'azienda su clienti, comunità e dipendenti.

Gateway Fiber, un proveedor de servicios de internet en rápida expansión, ha anunciado un cambio significativo en el liderazgo. El cofundador y CEO Heath Sellenriek renuncia, pero seguirá involucrado como Director Independiente en la Junta. La compañía ha nombrado a Chris Surdo, el actual Presidente, como nuevo CEO.

Surdo, que se unió a Gateway Fiber en 2020 como CFO antes de convertirse en Presidente en 2022, ha sido fundamental en los logros recientes de la compañía. Bajo su liderazgo, Gateway Fiber ha expandido su presencia en Missouri oriental, Minnesota y Massachusetts occidental. La transición se describe como un paso planificado para asegurar el enfoque continuo de la empresa en los clientes, las comunidades y los empleados.

게이트웨이 파이버는 빠르게 성장하는 인터넷 서비스 제공업체로서 중요한 리더십 변화를 발표했습니다. 공동 창립자이자 CEO인 히스 셀레느리크가 사임합니다, 하지만 이사회 독립 이사로 계속 활동합니다. 회사는 현직 대통령인 크리스 수르도를 새로운 CEO로 임명했습니다.

수르도는 2020년 CFO로 게이트웨이 파이버에 합류한 후 2022년에는 사장으로 승진하였으며, 회사의 최근 성과에 중요한 역할을 했습니다. 그의 리더십 아래, 게이트웨이 파이버는 미주리 동부, 미네소타 및 매사추세츠 서부로의 기반을 확장했습니다. 이번 전환은 고객, 지역 사회 및 직원에게 지속적인 초점을 보장하기 위한 계획된 단계로 설명됩니다.

Gateway Fiber, un fournisseur de services Internet en forte expansion, a annoncé un changement significatif de direction. Le cofondateur et PDG Heath Sellenriek se retire, mais il restera impliqué en tant que Directeur Indépendant au Conseil. L'entreprise a nommé Chris Surdo, l'actuel Président, comme nouveau PDG.

Surdo, qui a rejoint Gateway Fiber en 2020 en tant que CFO avant de devenir Président en 2022, a joué un rôle clé dans les réalisations récentes de l'entreprise. Sous sa direction, Gateway Fiber a étendu sa présence dans l'est du Missouri, le Minnesota et l'ouest du Massachusetts. Cette transition est décrite comme une étape planifiée pour garantir la concentration continue de l'entreprise sur ses clients, ses communautés et ses employés.

Gateway Fiber, ein schnell wachsender Internetdienstanbieter, hat eine bedeutende Veränderung in der Führung angekündigt. Mitgründer und CEO Heath Sellenriek tritt zurück, wird jedoch als unabhängiger Direktor im Vorstand weiterhin tätig sein. Das Unternehmen hat Chris Surdo, den derzeitigen Präsidenten, zum neuen CEO ernannt.

Surdo, der 2020 als CFO zu Gateway Fiber kam und 2022 Präsident wurde, war maßgeblich an den jüngsten Erfolgen des Unternehmens beteiligt. Unter seiner Führung hat Gateway Fiber seine Präsenz in Ost-Missouri, Minnesota und West-Massachusetts erweitert. Der Übergang wird als geplanter Schritt beschrieben, um den kontinuierlichen Fokus des Unternehmens auf Kunden, Gemeinden und Mitarbeiter sicherzustellen.

Positive
  • Chris Surdo's appointment as CEO ensures continuity in leadership
  • Heath Sellenriek remains involved as an Independent Director, maintaining valuable expertise
  • Company has expanded operations into new regions under current leadership
  • CBRE Investment Management continues to support Gateway Fiber's growth
Negative
  • None.

WRIGHT CITY, Mo.--(BUSINESS WIRE)-- Gateway Fiber has announced President Chris Surdo will become CEO and expand his leadership responsibilities as current CEO Heath Sellenriek has chosen to step down but will remain involved as an Independent Director on the Board of Directors. Sellenriek has been at the helm since he co-founded the company in 2019 and will continue to support the company’s forward movement in his new capacity.

In his announcement to Gateway Fiber team members, Sellenriek said, “This transition is a planned and thoughtful step in our journey. It ensures that the company remains on a steady course, aligned with our relentless focus on our customers, our communities, and our people.”

Surdo joined Gateway Fiber in 2020 as CFO before becoming President in 2022. He and Sellenriek have worked closely together for four years, including the financial partnership formed with CBRE Investment Management in 2023.

“Chris has been an instrumental leader in our company’s recent achievements and is well-equipped to lead us forward,” Sellenriek said. “I have complete confidence in him and our leadership team to steer the company toward even greater success, and I am excited about what lies ahead for Gateway under his leadership.”

Noi Spyratos, Managing Director, Private Infrastructure at CBRE Investment Management, Gateway Fiber’s equity partner, added, “We’d like to thank Heath for his vision and dedication to the company since its founding. We are confident in Chris’s leadership and look forward to supporting the growth of Gateway Fiber in this next chapter.”

During Surdo’s tenure, the company’s footprint has grown within its home region of eastern Missouri and expanded into Minnesota and western Massachusetts.

About Gateway Fiber

Gateway Fiber is on a mission to positively impact communities through a better internet. As data requirements for residences and businesses continue to expand, Gateway is creating a leading, national fiber-to-the-home platform to serve this critical unmet need. Gateway provides faster, more reliable internet with a simple pricing model and industry-leading customer service. For more information, visit gatewayfiber.com.

About CBRE Investment Management

CBRE Investment Management is a leading global real assets investment management firm with $142.5 billion in assets under management* as of June 30, 2024, operating in more than 30 offices and 20 countries around the world. Through its investor-operator culture, the firm seeks to deliver sustainable investment solutions across real assets categories, geographies, risk profiles and execution formats so that its clients, people and communities thrive.

CBRE Investment Management is an independently operated affiliate of CBRE Group, Inc. (NYSE: CBRE), the world’s largest commercial real estate services and investment firm (based on 2023 revenue). The company has more than 130,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE Investment Management harnesses CBRE’s data and market insights, investment sourcing and other resources for the benefit of its clients. For more information, please visit www.cbreim.com.

*Assets under management (AUM) refers to the fair market value of real assets-related investments with respect to which CBRE Investment Management provides, on a global basis, oversight, investment management services and other advice and which generally consist of investments in real assets; equity in funds and joint ventures; securities portfolios; operating companies and real assets-related loans. This AUM is intended principally to reflect the extent of CBRE Investment Management’s presence in the global real assets market, and its calculation of AUM may differ from the calculations of other asset managers and from its calculation of regulatory assets under management for purposes of certain regulatory filings.

For more information, press only:

David Workman

PR & Communications Manager

314-265-8974

David.Workman@gatewayfiber.com

Source: Gateway Fiber

FAQ

Who is the new CEO of Gateway Fiber?

Chris Surdo, previously the President of Gateway Fiber, has been appointed as the new CEO.

What role will Heath Sellenriek have at Gateway Fiber after stepping down as CEO?

Heath Sellenriek will remain involved with Gateway Fiber as an Independent Director on the Board of Directors.

When did Chris Surdo join Gateway Fiber?

Chris Surdo joined Gateway Fiber in 2020 as CFO before becoming President in 2022.

In which regions has Gateway Fiber expanded its operations?

Gateway Fiber has expanded its footprint in eastern Missouri, Minnesota, and western Massachusetts.

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