Allied Fiber, which is building an open access, network-neutral colocation and dark fibre superstructure in the U.S. and recently announced the completion of its Miami-Atlanta Southeast Route, has appointed Scott L. Drake as executive vice president and chief financial officer (CFO).
Reporting to the company's president Mike Miller, Mr. Drake is responsible for continuing Allied Fiber's development, including with regards to profitability, productivity and market share, and will focus on all aspects of the company's financial operations, including strategic planning, system integration and upgrades and future growth initiatives.
During his career, Mr. Drake has lead a number of merger and acquisition efforts, as well as managing organic growth initiatives. Previously, he was a senior consultant for Warbird Consulting Partners, a professional services firm delivering accounting and strategic finance consulting services. While at Warbird, Drake, he was a consulting advisor to a major public telecommunications company and two technology companies.
Prior to joining Warbird, Drake served as EVP and CFO for Broadvox and its acquired subsidiary, Cypress Communications. He was also co-founder, president, and CFO of Circle International Communications, and served in financial management related roles at several public and private technology companies.
The company noted that Scott Drake has experience in accounting advisory engagements on technology and telecommunications services, with specific responsibilities in areas including strategic growth initiatives, M&A evaluations, business case development, working capital and performance improvement, pre-IPO preparation, ERP and financial reporting system implementations and the evaluation of infrastructure investments to drive revenue.
In April, Allied Fiber announced it had appointed Michael Miller as president, reporting to chairman and CEO Hunter Newby. Prior to joining Allied Fiber, Mr. Miller served in roles including president and CEO of start-up JumpLinc and was founder and CEO of FiberLight, a provider of metro dark fibre and lit services.
In mid-June, Allied Fiber announced that its 708 route-mile Southeast Route, connecting Miami and Atlanta, had been completed and was officially ready for service (RFS).