Created 4/19/08
Dan Caruso, also known as “The Bear”, is currently President and CEO of the Zayo Group (www.Zayo.com) and executive chairman of Envysion (www.envysion.com). He is also a board member of New Global Telecom (www.ngt.com).
Between 2004 and 2006, Dan was President and CEO of ICG Communications. In 2004, he led a buyout of… (more) ICG and took it private. ICG, at the time, had about $100M of debt and was burning their remaining $30M of cash at a rate of $8M a month. Columbia Capital and M/C Venture Partners, who backed the buyout, invested a total of $8.7M. In 2006, ICG was sold to Level 3 for $170M, resulting in a total distribution to the buyout group and management of over $225M and a total return on investment of 25x.
Dan was one of the founding executives of Level(3) Communications; from inception in 1997 through ~2000, Dan was responsible for Level 3’s engineering, construction, and operations organizations; between 2001 and 2003, most of Level 3’s lines of business and marketing functions were his responsibility. Prior to Level 3, Dan a member of the MFS Communications senior management team.
Dan has a MBA from the University of Chicago and a BS in Mechanical Engineering from University of Illinios. He is a board member in Colorado Uplift, a charity that helps Denver’s inner city youth stay focused on school and personal development. (less)
telecom,
business ethics,
warren buffet,
telecom boom,
telecom executives,
telecom bust
