Walsh has been serving as Executive Vice President, Sales and Marketing at Global Crossing. Gary Cohen, who shares the title of
Co-COO, retains his current responsibilities for regional and network operations, marine operations, construction, technology and
provisioning. Both Walsh and Cohen will continue to report directly to Leo J. Hindery, Jr., Chief Executive Officer of Global Crossing.
"As we complete the buildout of our global network, David is already quickly executing our next-tier strategy to go desktop to desktop," said Hindery, "providing to multinational corporations and others the next-generation
data backbone that is essential to effectively manage far flung worldwide operations and surging cross-border information traffic flows."
Added Hindery: "Our recent marketing success has been exceptional. The world's largest telecommunication carriers discovered our network
early on and continue to be great customers. However, with the acquisition early this year of the sister companies, IXnet and IPC, founded by David Walsh, we added the world's major financial trading houses to our customer base. Last month we broke through into the worldwide government networking market with a $270-million contract to provide a worldwide Virtual Private Network
for 240 British embassies and consulates. David's new and elevated position in the company brings with it the authority and the resources necessary
to rapidly build on this strong early success. With Gary Cohen responsible for completing and provisioning history's first truly global fiber-optic network, and David Walsh committed to bringing world-class market sectors on line
with all due speed, Global Crossing has fielded a first-mover senior management partnership unparalleled in the international telecommunications industry."
Mr. Walsh founded IXnet in 1993 and served as chief executive officer of IXnet and its sister company, IPC. Prior to forming IXnet, Mr. Walsh served as a technology consultant to the New York Futures and Commodities Exchanges. Among his responsibilities was the development of the combined exchange membership trading network. In
addition, he was the senior manager in charge of the design of technology systems for the new trading facility for the Exchanges. Mr.
Walsh received his B.B.A. from Valdosta State College and an M.P.S. in telecommunications from New York University.