WorldStream, a fast-growing Infrastructure as a Service (IaaS) hosting provider with 15,000 dedicated servers under management and company-owned data centers in the Netherlands, announces it has further expanded its leadership team to include Mark Chandler as Finance Director. Previously, Mr. Chandler worked in a variety of management roles worldwide for one of the Big Four global audit and consulting giants, EY.
Founded in 2006, Worldstream has seen significant growth lately, especially since 2016 when the company started offering unmetered dedicated servers with flat bandwidth rates to its global clientele. As a result, Worldstream’s global network backbone has currently grown to the enormous bandwidth capacity of more than 10Tbps. Next to that, Worldstream started construction on its new data hall in its flagship facility last summer, doubling data center capacity at this location.
According to Worldstream, this significant business growth brings along new responsibilities with regard to financial control operations. In the newly created leadership role, Mark Chandler (41) will be responsible for Worldstream’s global financial control operations and financial processes. Prior to joining Worldstream, Mr. Chandler worked as Senior Manager Transaction Advisory Services for EY in Rotterdam, the Netherlands. In this role, he was responsible for helping EY’s international client base realizing their growth ambitions by seizing M&A opportunities and better managing capital.
“Finance is a crucial part of an organization anyway, but it becomes even more important when significant company growth is involved,” said Mark Chandler, the newly appointed Finance Director of Worldstream. “Worldstream has grown into a thriving organization with company-owned data centers, a continuously growing international client base and an expanding IaaS hosting solutions portfolio. We’ll soon launch Worldstream Elastic Network, a software-defined global network with extensive, flexible IaaS hosting functionality available at the edge of Worldstream’s 10Tbps global backbone. This will attract even more clients, particularly in the SMB market segment, which will have its implications for the finance function and preparing the organization for structured further growth. I’m really looking forward to this key role in the Worldstream management team.”
ERP Systems, Funding
During his eighteen years of tenure with EY, Mark Chandler worked for nearly a decade in various audit roles, while he has spent the last nine years working on cross-border advisory projects, including due diligence services, in the field of acquisitions, re-financing and private equity.
“My work at EY was international-oriented and quite dynamic but mainly project-based and always as an advisor to our clients,” added Mr. Chandler. “I was looking for a finance role with ultimate responsibilities, something I found with Worldstream. Again, it’s an organization active on the global stage. The mission-critical technologies being delivered to clients on every continent with 24/7 uptime guarantees again make this quite a dynamic company and an engaging management role to fill. From my background, a takeover could be interesting sometime down the road, but we’ll see. I know what it takes to back up a scaling organization with strong financial fundamentals and I’m looking forward to further growth in the coming years.”
“Mark Chandler is the right person at the right moment for this financial management role. The wealth of international knowledge and experience he brings from EY will help take our organization and finance function to the next stage,” said Lennert Vollebregt, CEO and co-founder of Worldstream. “He will help lead the Worldstream organization into the next phase of structured growth, with the implementation of new ERP systems, more comprehensive data-driven decision making, and a solid management of our funding and financial partners. Last year, we already expanded our leadership team significantly when promoting six employees to the role of company director. Mark is the missing piece in the management team that we needed to be complete.”
Born in Northern-Ireland and grown up in the UK and The Netherlands, Mark Chandler spent his career in the Netherlands and abroad. He has also worked in auditing positions in the Technology sector at EY’s offices in Sydney, Australia. Mark Chandler completed a Postmaster Accountancy at the VU University (Vrije Universiteit) in Amsterdam.