en.Wedoany.com Reported - Elea Data Centers, following its acquisition by I Squared Capital, has announced the appointment of a new board of directors and a chief executive officer to accelerate the development of AI-ready digital infrastructure in Brazil. The Brazilian distributed sustainable data center platform will leverage global infrastructure, investment, and operational expertise to advance its growth strategy.
The new board comprises newly appointed directors representing I Squared Capital and existing Elea board members who remain in place, ensuring leadership continuity while adding specialized expertise. Tim Formuziewich, Managing Director (Latin America) at I Squared Capital, has been appointed Chairman of the Board. Also joining the board are Andrew E. Crouch, Managing Director at I Squared Capital; Ibai Gil Calzón, Operating Director; and Andre Dorf, an energy industry professional and former executive at CPFL Renováveis and Suzano Renovaveis.
Alessandro Lombardi has been appointed Chief Executive Officer of Elea Data Centers for a seven-year term, and will continue alongside existing board members Tesh Durvasula (CEO of Atlas Edge) and Julia Dias Leite (CEO of the Brazilian Center for International Relations CEBRI and board member of Piemonte), maintaining leadership continuity.
The board's strategic priorities include supporting Elea's network expansion across nine interconnected data center campuses nationwide, as well as advancing the development of the 3-gigawatt Rio AI City project, designed to support next-generation computing and cloud deployments. Elea also plans to continue its sustainability commitments through the use of renewable energy.
Alessandro Lombardi, CEO and founder of Elea Data Centers, stated that the new and returning board members bring highly complementary capabilities in digital infrastructure, energy, and global investment, strengthening Elea's strategic vision and its positioning to meet Brazil's rapidly growing demand for AI-ready infrastructure. With I Squared Capital's support, the company can accelerate platform expansion, further solidifying Brazil's role as a global digital hub.
Tim Formuziewich, Chairman of Elea Data Centers, said that I Squared's global infrastructure experience will be leveraged to accelerate Elea's expansion plans, ensuring the continued delivery of sustainable, high-performance digital solutions that meet the complex needs of hyperscale and enterprise customers in Latin America.
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