Nixxy Appoints Mike Schmidt as CEO to Lead Telecom and AI Growth
Nixxy (NASDAQ:NIXX) has appointed Mike Schmidt as its new CEO, effective immediately. Schmidt brings over 20 years of leadership experience in telecommunications, data center infrastructure, and cloud technologies. His track record includes founding a SaaS company in cable telecommunications, leading Uniserve Communications to profitability, executing seven acquisitions in 18 months at Teliphone Navigata Westel, and scaling Urbanfibre as Canada's first 1 Gb fiber-to-home service provider.
Former interim CEO Miles Jennings will transition to lead a division focused on AI-enabled career businesses, preparing for a planned spin-off. The company expects to provide an investor update on Q2 strategic progress, product roadmap, and financial outlook later this quarter.
Nixxy (NASDAQ:NIXX) ha nominato Mike Schmidt come nuovo CEO, con effetto immediato. Schmidt vanta oltre 20 anni di esperienza nella leadership nei settori delle telecomunicazioni, infrastrutture di data center e tecnologie cloud. Il suo percorso professionale include la fondazione di una società SaaS nel settore delle telecomunicazioni via cavo, la guida di Uniserve Communications verso la redditività, la realizzazione di sette acquisizioni in 18 mesi presso Teliphone Navigata Westel e la crescita di Urbanfibre come primo fornitore canadese di servizio in fibra ottica a 1 Gb fino a casa.
L'ex CEO ad interim Miles Jennings passerà a guidare una divisione dedicata alle attività professionali abilitate dall'IA, in preparazione di una prevista scissione. L'azienda prevede di fornire un aggiornamento agli investitori sul progresso strategico del secondo trimestre, la roadmap dei prodotti e le prospettive finanziarie entro la fine di questo trimestre.
Nixxy (NASDAQ:NIXX) ha nombrado a Mike Schmidt como su nuevo CEO, con efecto inmediato. Schmidt aporta más de 20 años de experiencia en liderazgo en telecomunicaciones, infraestructura de centros de datos y tecnologías en la nube. Su trayectoria incluye la fundación de una empresa SaaS en telecomunicaciones por cable, llevar a Uniserve Communications a la rentabilidad, ejecutar siete adquisiciones en 18 meses en Teliphone Navigata Westel y escalar Urbanfibre como el primer proveedor canadiense de servicio de fibra óptica de 1 Gb hasta el hogar.
El ex CEO interino Miles Jennings pasará a dirigir una división enfocada en negocios profesionales habilitados por IA, preparándose para una escisión planificada. La compañía espera proporcionar una actualización a los inversores sobre el progreso estratégico del segundo trimestre, la hoja de ruta de productos y las perspectivas financieras más adelante en este trimestre.
Nixxy (NASDAQ:NIXX)는 즉시 효력을 발휘하는 새로운 CEO로 Mike Schmidt를 임명했습니다. Schmidt는 통신, 데이터 센터 인프라 및 클라우드 기술 분야에서 20년 이상의 리더십 경험을 보유하고 있습니다. 그의 경력에는 케이블 통신 분야의 SaaS 회사 설립, Uniserve Communications를 수익성 있는 기업으로 이끈 경험, Teliphone Navigata Westel에서 18개월 동안 7건의 인수를 성공적으로 수행한 것, 그리고 Urbanfibre를 캐나다 최초의 1Gb 가정용 광섬유 서비스 제공업체로 성장시킨 것이 포함됩니다.
전 임시 CEO인 Miles Jennings는 AI 기반 커리어 비즈니스를 담당하는 부서를 이끌며 예정된 분사를 준비할 예정입니다. 회사는 이번 분기 후반에 2분기 전략 진행 상황, 제품 로드맵 및 재무 전망에 대한 투자자 업데이트를 제공할 계획입니다.
Nixxy (NASDAQ:NIXX) a nommé Mike Schmidt comme nouveau PDG, avec effet immédiat. Schmidt apporte plus de 20 ans d'expérience en leadership dans les télécommunications, l'infrastructure des centres de données et les technologies cloud. Son parcours inclut la création d'une entreprise SaaS dans les télécommunications par câble, la conduite d'Uniserve Communications à la rentabilité, la réalisation de sept acquisitions en 18 mois chez Teliphone Navigata Westel, et le développement d'Urbanfibre en tant que premier fournisseur canadien de service fibre optique 1 Gb jusqu'au domicile.
L'ancien PDG par intérim, Miles Jennings, prendra la tête d'une division axée sur les entreprises professionnelles habilitées par l'IA, en préparation d'une scission prévue. La société prévoit de fournir une mise à jour aux investisseurs sur les progrès stratégiques du deuxième trimestre, la feuille de route produit et les perspectives financières plus tard ce trimestre.
Nixxy (NASDAQ:NIXX) hat Mike Schmidt mit sofortiger Wirkung zum neuen CEO ernannt. Schmidt bringt über 20 Jahre Führungserfahrung in den Bereichen Telekommunikation, Rechenzentrumsinfrastruktur und Cloud-Technologien mit. Zu seinen Erfolgen zählen die Gründung eines SaaS-Unternehmens im Kabeltelekommunikationsbereich, die Führung von Uniserve Communications zur Profitabilität, die Durchführung von sieben Akquisitionen innerhalb von 18 Monaten bei Teliphone Navigata Westel sowie der Ausbau von Urbanfibre als Kanadas ersten 1-Gb-Glasfaser-zu-Haus-Anbieter.
Der ehemalige Interim-CEO Miles Jennings wird in eine Abteilung wechseln, die sich auf KI-gestützte Karrieregeschäfte konzentriert, um eine geplante Ausgliederung vorzubereiten. Das Unternehmen plant, Investoren im Laufe dieses Quartals ein Update zum strategischen Fortschritt im zweiten Quartal, zur Produkt-Roadmap und zur finanziellen Prognose zu geben.
- Appointment of an experienced CEO with proven track record in telecom and technology sectors
- New CEO's strong M&A experience with 7 acquisitions completed in 18 months at previous company
- Strategic focus on growing telecom and AI-enabled technology platform
- Planned spin-off of AI-enabled career businesses division indicates strategic restructuring
- Leadership transition period could create temporary operational uncertainty
- Company restructuring and planned spin-off may involve execution risks
Insights
Nixxy appoints telecom veteran Mike Schmidt as CEO to lead transformation into telecom and AI; previous interim CEO will head AI-enabled career division.
Nixxy's appointment of Mike Schmidt as CEO marks a strategic pivot toward telecom and AI technologies. Schmidt's credentials are particularly relevant to this transition, with 20+ years of leadership experience specifically in telecommunications, data centers, and cloud technologies.
His track record demonstrates specific strengths that align with Nixxy's stated direction:
- Founded an early SaaS company in the cable telecommunications sector
- Successfully restructured Uniserve Communications as CEO, transforming it into a profitable network and data center company
- Led M&A strategy at Teliphone Navigata Westel, completing 7 acquisitions in 18 months
- Rebranded Urban Communications into Urbanfibre and delivered a successful shareholder exit
The company is simultaneously executing an organizational restructuring. The current interim CEO, Miles Jennings, will transition to lead the AI-enabled career businesses division ahead of a planned spin-off. This organizational separation suggests Nixxy is refocusing its core business while potentially creating separate value through the spin-off.
The timing of Schmidt's appointment appears deliberate, coming shortly before an investor update later this quarter that will outline Q2 strategic progress, product roadmap, and financial outlook. This sequencing indicates the board wanted new leadership in place before communicating the next phase of strategic and financial plans to investors.
While the press release frames this as the beginning of Nixxy's "evolution into a modern telecom and AI-enabled technology platform," it offers limited specifics on execution strategy or financial targets. Investors should look to the upcoming investor update for concrete metrics and milestones to evaluate this leadership transition's potential impact.
Schmidt brings 20+ years of experience and M&A leadership to accelerate Nixxy's telecom and AI transformation
NEW YORK, NY / ACCESS Newswire / May 8, 2025 / Nixxy, Inc. (NASDAQ:NIXX), a publicly traded technology and communications company, today announced the appointment of Mike Schmidt as its Chief Executive Officer, effective immediately. Mr. Schmidt brings over 20 years of leadership experience in telecommunications, data center infrastructure, and cloud technologies. He has a proven track record of leading corporate transformations and accelerating growth through strategic execution, operational discipline, and a clear focus on value creation.
Mr. Schmidt began his career as a founder of one of the first SaaS-based software companies serving the cable telecommunications industry. He went on to lead Uniserve Communications (TSX) as CEO, where he successfully restructured the business and returned it to profitability, positioning it as a national network and data center company. At Teliphone Navigata Westel, he directed M&A strategy, completing seven acquisitions in just 18 months and significantly expanding the company's national and international service offerings.
As President of Urban Communications (TSX), Mr. Schmidt rebranded and scaled the company into Urbanfibre, Canada's first provider of 1 Gb fiber-to-the-home service, where he ultimately delivered a successful shareholder exit. Throughout his career, he has consistently driven efficiency, optimized capital allocation, and implemented scalable, next-generation technologies. His ability to lead through complexity and deliver sustainable growth has earned him respect throughout the telecom and technology investment sectors.
"We are thrilled to welcome Mike Schmidt as our new CEO," said Evan Sohn, Chairman of the Board of Directors of Nixxy, Inc. "His deep industry knowledge and data-driven approach to leadership make him the ideal executive to guide Nixxy through its next phase of transformation as we scale into a telecom and technology-focused business."
In conjunction with this leadership transition, the Company also wishes to recognize the contributions of Miles Jennings, who has served as interim CEO. Mr. Jennings will transition to lead a division focused on AI-enabled career businesses as its dedicated President to help accelerate its growth and innovation roadmap as the Company prepares for its planned spin-off.
"I'm honored to join Nixxy at such a critical and exciting time," said Mr. Schmidt. "The opportunity to help shape the company's evolution into a modern telecom and AI-enabled technology platform is a challenge I welcome, and I look forward to working closely with the board, Miles, and the entire Nixxy team."
His appointment signals a new chapter for Nixxy, as the company positions itself to capture a growing share of the AI-driven telecom and data infrastructure opportunity. An investor update outlining Q2 strategic progress, product roadmap, and financial outlook is expected later this quarter.
About Nixxy, Inc.
Nixxy, Inc. (NASDAQ:NIXX) is a diversified technology and communications company focused on delivering next-generation solutions in telecom, AI-powered platforms, and data infrastructure. With a renewed commitment to innovation and operational scale, the company is expanding its footprint across high-growth markets while continuing to support its legacy business units through focused leadership and strategic execution.
Contact Information:
Investor Relations
ir@nixxy.com
https://www.nixxy.com
Forward-Looking Statements Disclaimer
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements, including, but not limited to, those regarding the Company's business strategy, future operations, acquisition strategy, financial position, potential growth, spin-out transactions, and market opportunities.
Forward-looking statements are based on current expectations, estimates, and projections, and involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied. These risks and uncertainties include, but are not limited to, market conditions, business execution, integration of new assets, regulatory developments, and other risk factors described in the Company's filings with the Securities and Exchange Commission, including its most recent reports on Form 10-K and Form 10-Q.
Words such as "anticipates," "believes," "expects," "intends," "plans," "may," "will," and similar expressions are intended to identify forward-looking statements, but the absence of these words does not mean a statement is not forward-looking.
Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.
No Offer or Solicitation Disclaimer: This communication is not intended to and does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
Risk Factors: Investors should carefully consider the risks, uncertainties, and assumptions associated with the Company's business, including the execution risks related to entering a new line of business and integrating recently acquired software. The Company currently has no revenue from the telecommunications line of business, and its ability to generate revenue and achieve profitability in this area depends on the successful execution of its business strategy, including the commercialization of its newly acquired technology, customer adoption, and operational scaling. There is no guarantee that the Company will be able to effectively integrate the acquired software, develop a viable market for its offerings, or realize anticipated synergies. The Company also faces risks related to market conditions, competition, evolving industry standards, and regulatory developments, which could impact its growth prospects. Additionally, the planned spin-out transaction involves uncertainties regarding timing, regulatory approvals, and overall market reception. Financial and liquidity risks, including the availability of capital and access to financing, may also affect the Company's ability to support this business expansion. These and other risks are detailed in the Company's filings with the U.S. Securities and Exchange Commission, including its most recent reports on Form 10-K and Form 10-Q. Actual results may differ materially due to known and unknown factors, and investors are urged to review the Company's SEC filings and conduct their own due diligence before making investment decisions.
Trademarks and Intellectual Property: All trademarks, service marks, and trade names used in this press release are the property of their respective owners.
SOURCE: Nixxy, Inc.
View the original press release on ACCESS Newswire
FAQ
Who is the new CEO of Nixxy (NIXX) and what is his background?
What happened to Nixxy's former CEO Miles Jennings?
What are Nixxy's (NIXX) future plans under the new CEO?
What is Mike Schmidt's track record in M&A and corporate transformation?
What strategic changes is Nixxy (NIXX) planning to implement?
