Friday, April 1, 2022

Italtel appoints Benedetto Di Salvo as CEO

Italtel appointed Benedetto Di Salvo as its new CEO and confirmed Claudio Calabi in the role of Chairman.

Di Salvo, former head of Sirti's Digital Solutions Business Unit, began his career in the aerospace and plant engineering sector and then moved on to the world of ICT, where in 30 years he held global roles with some of the main multinational companies in the sector such as Nokia, Alcatel-Lucent, Huawei and Ericsson. Di Salvo takes over from Stefano Pileri, who leaves the CEO position after 12 years in the role.

Italtel also noted the entry of new shareholders – PSC Group, Clessidra Capital Credit and TIM Group.

Italtel's share capital is now held 54% by the PSC Group, 28% by the Clessidra Capital Credit fund and 18% by the TIM Group. The transaction on Italtel carried out by the three shareholders involves a capital increase of 56.3 million euro, of which approximately 48 million euro will be in cash.

"I am honoured by the opportunity to lead Italtel, an Italian excellence that I have always admired for its history, strong technological skills and DNA focused on innovation - says Benedetto Di Salvo, CEO Italtel - We intend to accelerate a transformation process to return to sustainable growth. We will expand our presence in the public and private enterprise sectors, leveraging diversified expertise and proprietary solutions in cloud, cyber, networking, multimedia, IoT, 5G and automation. We will continue to be focused on TelCo providers by supporting their plans to evolve their services and core networks, transport and UBB access (FTTH and 5G). We will focus on foreign markets that have greater potential."

GRC raises $28 million for data center immersion cooling

GRC (Green Revolution Cooling) announced $28 million in Series C funding for its single-phase immersion cooling for data centers. GRC is based in Austin, Texas, and was founded in 2009.

The latest investment round was led by South Korea-based SK Lubricants. This most recent equity investment brings the company’s total funding to date to $43 million.

GRC cited a number of milestones over the past year, including a collaboration with Intel, significant end-user deployments with GRC Global Alliance Partners Dell and Vertiv in the financial services, telecommunications, and HPC sectors, the establishment of a UK subsidiary, installation of its ICEraQ Series 10 at the Texas Advanced Computing Facility, its recently initiated pilot program allowing data center operators to take liquid immersion cooling for a test drive, and last year’s launch of the first annual Liquid Immersion Cooling Awareness Month.  

“As the AI, the VR and the self-driving industries are gaining traction, the high-density data center market is expected to grow dramatically,” said Cha Gyu-tak, CEO of SK Lubricants. “Not only will this equity investment in GRC maximize cooperation between the two companies, it will also help accelerate broader adoption of liquid immersion cooling by data centers and position us to be the first mover in the market, while helping us grow into a liquid-based thermal management solution provider.”

Huawei appoints Meng Wanzhou as 1 of 3 rotating chairs

 Huawei has appointed Ms. Meng Wanzhou as one of three Deputy Chairs/Rotating Chairs of the company's Board of Directors, alongside Mr. Xu Zhijun and  Mr. Hu Houkun (Ken).

Under the company's unique Rotating Chairman system, Ken Hu will serve as Rotating and Acting Chairman of Huawei from April 1, 2022 to September 30, 2022. 

Ken Hu joined Huawei in 1990 and has served as President of Huawei's China market, Regional President of Huawei Latin America, President of Global Sales, Chairman of the Board of Huawei USA, Chief Sales and Service Officer, and Chief Strategy and Marketing Officer.

Meng Wanzhou is the daughter of Huawei founder Ren Zhengfei.  She also serves as Chief Financial Officer of the company. In September 2021, she reached an agreement with the United States Attorney’s Office for the Eastern District of New York, resolving claims of the long running legal issues that had kept her under house arrest in Vancouver since December 2018. As a result, the U.S. Department of Justice withdrew its request to the Ministry of Justice of Canada that Meng be extradited to the United States. She subsequently returned to China.