InterPrivate IV InfraTech Partners Inc. Elects American Tower Co-Founder James Eisenstein, Barracuda Networks Co-Founder Michael Perone, Former CyrusOne CEO Gary Wojtaszek and Virtual Power Systems Chairman Peter Gross as Independent Directors

Rhea-AI Summary

On March 4, 2021, InterPrivate IV InfraTech Partners Inc. (NASDAQ: IPVIU) appointed four new independent directors—James Eisenstein, Michael Perone, Gary Wojtaszek, and Peter Gross—to its board. The appointments come as the company aims to leverage their extensive backgrounds in the technology and digital infrastructure sectors. Eisenstein is recognized as a co-founder of American Tower, while Perone co-founded Barracuda Networks. Wojtaszek has experience as CEO of CyrusOne, and Gross is a noted expert in mission-critical infrastructure. These appointments are expected to enhance the company's strategy in identifying high-growth opportunities.

Positive

• Appointment of experienced directors enhances strategic guidance.
• Board includes founders from major tech companies, enhancing credibility.
• Focus on identifying high-growth targets with enterprise values over $1 billion.

Negative

• None.

NEW YORK, March 16, 2021 /PRNewswire/ -- InterPrivate IV InfraTech Partners Inc. (NASDAQ: IPVIU) (NYSE: IPVI) (IPVIW) (the "Company") announced today that James Eisenstein, Michael Perone, Gary Wojtaszek and Peter Gross  were appointed to the board of directors of the Company (the "Board") on March 4, 2021, in connection with the Company's initial public offering. Messrs. Eisenstein, Gross, Perone and Wojtaszek are independent directors. They join InterPrivate IV InfraTech Partners Inc.'s team which also includes Chairman Ahmed Fattouh, CEO Kevin Timmons, President David Withers, General Counsel Brandon Bentley, and Vice President Nina Fairbairn. 

James Eisenstein is Co-Founder, Chairman and Chief Executive Officer of Grupo TorreSur, the largest independent wireless tower company in Latin America. Previously, Mr. Eisenstein served on the Board of Directors of Eaton Towers Limited, a pan-African wireless tower company which operated towers across six countries, from 2012 until its sale in 2019 to American Tower Corporation for $1.9 billion. During the same period, Mr. Eisenstein also sat on the Board of Directors of CTI Towers. Prior to co-founding Grupo TorreSur, Mr. Eisenstein was Chairman and Chief Executive Officer of Optasite Holding Company, Inc. from 2003 to 2008, and he was Chief Executive Officer of Concourse Communications Group LLC during 2013. From 1995 to 2003, Mr. Eisenstein co-founded and served in various roles at American Tower Corporation, including Chief Operating Officer and Chief Development Officer. Before co-founding American Tower, Mr. Eisenstein was a Partner and Chief Operating Officer of Amaturo Group, Ltd. from 1990 to 1995, and prior to Amaturo, he was Deputy General Counsel of Home Shopping Network from 1988 to 1990. Mr. Eisenstein was an associate at Skadden, Arps, Slate, Meagher and Flom from 1986 to 1988 and at Vinson & Elkins from 1984 to 1986. Mr. Eisenstein sits on the Board of Directors of ATN International, Inc., (NASDAQ:ATNI) which owns and operates telecom and renewable energy companies.

Michael Perone has been a pioneer in the high-tech industry for more than 30 years. Mr. Perone's sales enablement, lead generation, and online marketing strategies have set industry standards that countless other companies emulate today. He co-founded Barracuda Networks (NYSE: CUDA) and, as Executive Vice President and Chief Marketing Officer, Mr. Perone led worldwide communications and marketing strategies, including corporate brand management and identity. Under his marketing leadership, Barracuda grew to over $400 million in annual revenue and executed a successful IPO. Prior to Barracuda, Mr. Perone co-founded and served as President and Board Member for Address.com, a leading free email and Internet access service that reached more than 3.5 million users (acquired by WhitePages). He also co-founded Spinway Inc., a free internet service provider (ISP) that powered retail branded ISPs, including Kmart's Bluelight.com Internet service, Costco, Barnes & Noble, Yahoo!, Home Depot, and many others (acquired by Kmart). Additionally, Mr. Perone co-founded Affinity Path, a private-label ISP that powered and supported thousands of ISPs throughout North America. He previously held systems engineering positions with GE Aerospace. In 2007, he was named by Ernst & Young a "Technology Entrepreneur of the Year for Northern California" award recipient.

Gary Wostasjek served as President and CEO and a member of the board of directors of CyrusOne from 2012 to 2020. Prior to becoming President of CyrusOne, Mr. Wojtaszek served as CFO of Cincinnati Bell Inc., where he had responsibility for the data center business and oversaw CyrusOne's successful spin-off and IPO. Prior to joining Cincinnati Bell, he was Senior Vice President, Treasurer and Chief Accounting Officer for the Laureate Education Corporation. He previously worked at Agere Systems, the semiconductor and optical electronics communications division of Lucent Technologies, where he held a number of finance positions, ultimately serving as the vice president of corporate finance, overseeing all controllership, tax and treasury functions. Mr. Wojtaszek started his career in General Motors' New York treasury group and joined Delphi Automotive Systems as the regional European treasurer in connection with the initial public offering and spin-off of Delphi Automotive Systems from General Motors. Mr. Wojtaszek is currently serving on the board of directors of GDS, an established leader in the China datacenter market. He is also on the board of directors of the Lyle School of Engineering at Southern Methodist University, and the advisory board of Southern Methodist University's Datacenter Systems Engineering Program, Columbia University's Lang Entrepreneur Center, and the Dallas Chamber of Commerce. Mr. Wojtaszek previously served as a director of Cincinnati Bell Inc., the Dallas Zoo, and Tech Wildcatters.

Peter Gross is an internationally recognized technology and energy expert whose career spans over three decades. He is recognized as a thought leader in the mission-critical information, communication, and infrastructure design realm, has published numerous technical papers in the field and is a frequent speaker at international events. Mr. Gross is currently the Managing Partner of PMG Associates, a consulting and advisory firm, and sits on several boards of directors and advisors for public, private, and not-for-profit companies. He previously led the Mission Critical Systems group at Bloom Energy, the premier manufacturer of solid oxide fuel cells. Prior to joining Bloom, he was Managing Partner for Hewlett-Packard's Carbon, Power, and Critical Facilities Services where he was responsible for strategic technology planning and business development. He was the co-founder and CEO of EYP Mission Critical Facilities, Inc., a preeminent consulting and engineering firm dedicated to the design and operation of mission critical facilities (acquired by HP). Mr. Gross is the recipient of 2010 Data Center Dynamics' "Outstanding Contribution to the Industry" award. He is a member of the Advisory Board of UCLA's Institute of Environment and Sustainability and Southern Methodist University's Datacenter Systems Engineering Program. Mr. Gross also serves as Chairman of the Board of SmartNations and is a member of the DCIRN Board of Directors.

"Jimmy, Michael, Gary and Peter are amongst the most respected founders and executives in the digital infrastructure industry and we are extremely excited to welcome them to the Board," said InterPrivate IV CEO Kevin Timmons."  "We look forward to leveraging our Directors' acumen and impressive networks to our prospective target universe," added InterPrivate IV Chairman Ahmed Fattouh. 

Messrs. Gross, Perone and Wojtaszek were appointed to the Board's Audit Committee, with Mr. Wojtaszek serving as chair of the Audit Committee and Messrs. Eisenstein and Gross were appointed to the Board's Compensation Committee, with Mr. Gross serving as chair of the Compensation Committee.

About InterPrivate IV InfraTech Partners Inc. 

InterPrivate IV InfraTech Partners Inc. is a blank check company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue initial business combination targets in any industry, the Company currently intends to concentrate its efforts in identifying high growth businesses in the technology, media and telecom infrastructure space, with a focus on target companies with an enterprise value of $1 billion or more.

Cautionary Note Concerning Forward-Looking Statements

This press release contains statements that constitute "forward-looking statements," including with respect to the Company's search for an initial business combination. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement for the initial public offering filed with the SEC. Copies are available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Press Contact:
Charlotte Luer, Marketing
cluer@interprivate.com  

 

 

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SOURCE InterPrivate IV InfraTech Partners Inc.

FAQ

Who were appointed to the board of InterPrivate IV InfraTech Partners Inc. on March 4, 2021?

James Eisenstein, Michael Perone, Gary Wojtaszek, and Peter Gross were appointed as independent directors.

What is the significance of the new board members for InterPrivate IV InfraTech Partners Inc.?

The new board members bring extensive experience in technology and digital infrastructure, which could enhance the company's strategic direction.

What is InterPrivate IV InfraTech Partners Inc.'s focus for future acquisitions?

The company intends to concentrate on identifying high-growth businesses in the technology, media, and telecom infrastructure sectors.

When was the press release regarding the board appointments issued?

The press release was issued on March 16, 2021.

What are the stock symbols associated with InterPrivate IV InfraTech Partners Inc.?

The company trades under the stock symbols IPVIU, IPVI, and IPVIW.