PEER 1 Hosting Names Former CFO Gary Sherlock CEO

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After a seven-year stint as CFO and being co-CEO with the recently retired Fabio Banducci, Gary Sherlock is now the CEO of web infrastructure and cloud hosting provider Peer 1 Hosting.

Having joined PEER 1 in 2006, Sherlock worked with Banducci to implement a strategy focused on customer-oriented experience, domestic and international expansion, and profitability, as well as creating a great work environment for employees – having just won a recognition for its “engaged workplace.”

According to the Wednesday announcement, in Banducci’s absence (having resigned in November 2013) Sherlock aims to continue to drive the global growth of Peer 1, which already has more than 500 employees across 14 offices and 16 data centers worldwide. He also plans on developing partnerships with other companies that “power human potential online”, and educate people on how the Internet can change the world for the better.

Sherlock has written about how the internet is more than a novelty, but rather has the potential to save lives around the globe by solving real-world problems.

A PEER 1 press release states that Sherlock will help make Peer 1 “the most human company on the internet.”

“I’ve been proud to be part of the Peer 1 team since the day I joined, and being appointed CEO is a sincere honor for me,” Sherlock said in a statement. “Though the company has evolved over the years, one unwavering element is our commitment to people – employees, customers and partners. I am proud to lead a team that is dedicated to powering human potential online and enabling customers to focus on the opportunities of the Internet, not the problems.”

Another major management change at PEER 1 happened in late 2012 when it was acquired by Montreal-based telecom Cogeco for $526 million, giving Cogeco control of PEER 1′s board of directors and operations. Although, there seem to be no signs that PEER 1’s plans to become more “human” conflict with Cogeco, whose shares rose 26 percent in 2013 and as it continues to be highly rated among investors.


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