Park Place Technologies Announces Leadership Succession Plan
Chris Adams named CEO, effective January 1, 2019 and Ed Kenty continues as chairman of the board.
Ed Kenty, chairman and CEO of Park Place Technologies, has announced that effective Jan. 1, 2019, he will transition his CEO responsibilities to current president and chief operating officer, Chris Adams. This transition is part of a predetermined succession plan that has been in place for several years. Kenty will remain as Chairman of the Board.
Since 1991, Park Place Technologies has provided an alternative to post-warranty storage, server and networking hardware maintenance for IT data centers. As the world's largest post-warranty data center maintenance firm, Park Place supports 15,200 organizations in 141 countries. Based in Cleveland, Park Place employs 1,200+ people across the globe.
Kenty joined Park Place in 2004 and leaves a legacy filled with personal connections to employees, customers, and business partners. His achievements have been globally recognized through multiple stages of his career, including several successive years as an E&Y Entrepreneur of the Year finalist.
“After almost two decades at Park Place Technologies, it has been an honor and privilege to lead this exceptional organization,” said Kenty. “I have been fortunate to work with a world-class leadership team and a talented and experienced team of 1,200+ colleagues around the world whose unwavering dedication inspires me each and every day.”
Kenty added, “I am confident in passing the baton to Chris, who has been a trusted partner and an integral part of driving our strategy forward for more than a decade. Together, we established a strong leadership team with Chris’ tremendous knowledge of our business, passion for excellence and commitment to the values and mission of our organization. Park Place is poised for great success and I look forward to seeing Chris take the reins and empower Park Place Technologies to achieve its full potential.”
Adams said he and all Park Place employees are grateful for Kenty’s contributions and wish him the very best. “For the 13 years I have been at Park Place, Ed has been a great mentor, leader and friend, who set the standards for a legacy we will build upon for many years to come,” Adams said. “We have worked side by side for many years, building a legacy and solid organizational foundation, thanks to Ed’s vision and our incredibly talented and dedicated team. We are eternally grateful for Ed’s leadership and are pleased that we will continue to benefit from his contributions as Chairman.”
“As CEO, I look forward to leading Park Place and further enhancing our position as the global market leader in the third party maintenance industry, while driving our expansion into new products and services, and never losing sight of our ultimate goal of supporting our employees, clients and partners in the work they do,” Adams added.
Adams has worked at Park Place Technologies for 13 years; initially serving as CFO. As President and COO, he worked side-by-side with other leaders throughout the company, spearheading growth strategies, managing day-to-day operations and overseeing European and Asia-Pacific sales and service operations. Some of Chris’ key accomplishments include a global expansion and reorganization of the Park Place delivery model, driving an industry consolidation strategy through acquisitions, expanding PPT’s competitive advantage in hardware and support, and launching ParkView™, an industry game-changing service which provides customers across the globe with remote monitoring and predictive maintenance.