- Iceotope CEO, David Craig, to
retire after nine years of leadership
- His achievements include successfully positioning Iceotope's
Precision Liquid Cooling technology as one of the leading liquid
cooling technologies; scaling the company to meet market demand for
its Precision Liquid Cooling technology; and securing investment
from an international consortium of investors including ABC Impact,
British Patient Capital, Northern Gritstone, nVent and SDCL
- Iceotope's Board of Directors thanks David for his contribution
to the company's success and looks forward to maintaining an
ongoing working relationship
- David's retirement will allow him to focus on his long-standing
charitable work in the UK and Africa
- CCO Nathan Blom and CFO Simon
Jesenko to lead the company jointly on an interim basis
- New leadership to build on successful positioning of Iceotope
as Precision Liquid Cooling global leader
LONDON, July 29,
2024 /PRNewswire/ -- Iceotope, the global leader in
Precision Liquid Cooling, has announced the retirement of
David Craig from the position of CEO
effective from 30th September
2024. The company will be led jointly by Chief Commercial
Officer (CCO) Nathan Blom and Chief
Financial Officer (CFO), Simon
Jesenko until the appointment of David's successor. David
will continue to advise the company and provide assistance during
the transition period.
Nathan has a leadership background driving revenue and strategy
in Fortune 500 companies, including Lenovo and HP. Simon is a
deeptech finance executive with experience supporting private
equity and venture capital-backed companies as they achieve
hypergrowth.
David joined Iceotope in June 2015
and during his nine years at the helm, David has successfully
guided the company through a transformative period during which
Iceotope has become globally recognized as the leader in Precision
Liquid Cooling. His achievements include building a strong team
with a clear vision to engineer practical liquid cooling solutions
to meet emerging challenges, such as AI, distributed telco edge,
high power dense computing, and sustainable data center
operations.
The company's cooling technology is critical in meeting today's
global data center sustainability challenges. Its technology
removes nearly 100% of the heat generated, reduces energy use by up
to 40% and water consumption by up to 100%. The strength of
its technology has attracted an international consortium of
investors that include ABC Impact, British Patient Capital,
Northern Gritstone, nVent and SDCL
David commented: "The past nine years have been an amazing ride
– we have built a fantastic team, developed a great IP portfolio
and created the only liquid cooling solution that addresses the
thermal and sustainability challenges facing the data center
industry today and tomorrow."
"I have enjoyed every moment and have nothing but pride in the
team, company and product. However, it feels like now is an
appropriate time for me to step aside, enjoy retirement, and focus
on other passions in my life, particularly my charitable work in
the UK and Africa. I look forward
to seeing the future success of Iceotope and can't wait to see what
comes next."
Iceotope Chairman, George Shaw,
states: "On behalf of everyone at Iceotope, we thank David for his
dedication and endless enthusiasm for the company, the technology
and the people who make it all possible. We know he will be a
tremendous brand ambassador for Precision Liquid Cooling in the
years to come. We wish him all the best in his well-deserved
retirement."
About Iceotope
Iceotope is redefining the future of data center cooling
with our cutting-edge Precision Liquid Cooling solutions,
crafted for the era of AI and ultra high-density compute. From the
cloud to the edge, our unique patented technology ensures the
entire IT stack remains cool and functioning. Our rack-based
designs offer unmatched sustainability, scalability, and
serviceability. We offer significant cost savings with zero
compromise on performance. To learn more,
visit www.iceotope.com.
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