Over the last 5 years, insiders at Switch Inc have traded over $1,913,100,721 worth of Switch Inc stock and bought 337,000 units worth $5,473,440 (Podcast). Legend has it that the company managed to acquire what was once meant to be Enron's broadband trading hub for a song. iSupercomputer Cherry Creek will be housed on Switch's campus, with researchers accessing the computer through the SUPERNAP facilities' telecommunications network. By October, Ohler had sued Roy in district court. "I have the coolest family ever. Switch founder and CEO Rob Roy has developed more than 400 issued and pending patent claims covering data center designs that have manifested into the company's world-renowned data centers and technology solution ecosystems. The CEO, founder and chairman of Switch Communications . On average, Switch Inc executives and independent directors trade stock every 11 days with the average trade being worth of $8,561,574. "We can build three of these.". In the spring of 1983, Roys father enrolled at the nearby University of Wisconsins Madison campus, according to university records. Champion Homes would file for Chapter 11 bankruptcy in December 1999. Switch's Chief Executive Officer, Founder, Chairman, Inventrepreneur is Rob Roy. He is passionate about ensuring that every Switch customer has an exceptional experience in all aspects in which they engage with the company. The SuperNAP is the most efficient data center in the world, the most dense, he says. "Pay no attention to the secure fortress in the strip mall. [1][2], Switch was founded in 2000 by Rob Roy, CEO and the organization's principal inventor and chief engineer. In addition, he makes $2,717,802 as Founder and Chairman & CEO at Switch Inc. Mr has made over 15 trades of the Switch Inc stock since 2020, according to the Form 4 filled with the SEC. The company serves technology and digital media companies, financial institutions, government agencies, and network and telecommunications providers, as well as cloud, IT, and software providers. This gave Switch access to more than twenty of the primary carrier backbones in a single location. As Switch's CEO Rob Roy tells it, however, the company had good reason to avoid publicity. Ruvo, whose own father died of Alzheimers disease, said stories about taking care of their fathers bonded the two men. [3] In 2002, Roy purchased a former Enron facility in Nevada in an auction only attended by Roy since Enron's "fiber plans were so secretive that few people even knew about the auction", with the facility which Enron invested millions of dollars into selling for only $930,000. Roy says data center space is selling faster than he expected, but competitors won't be able to rest easy when it's filled up. [38], The US$300 million (11 billion THB) Thailand SUPERNAP data center facility will have capacity for more than 6,000 data server racks. Of those, 3 million vested immediately while the remainder, worth about $81.9 million at the end of 2017, will be handed to him gradually over four years, according to a regulatory filing Friday. [44][45], In 2014, the firm announced collaboration with Intel and the University of Nevada, Las Vegas to give university researchers access to a powerful supercomputer. Roy, 49,. 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Most recently he exercised 222,218 units of SWCH stock worth $7,613,189 on 6 December 2022. Youre sitting there in every meeting, Roy told The Register. I have the highest respect for Rob and his creative ability, Snyder said. Mr. Roy is currently 53 years old. Roy exhibits such unabashed enthusiasm for Switch's accomplishments that it seems almost miraculous for him to have rejected public accolades over the past 8 years. - Switch Borden's son, Rob Roy, runs the Las Vegas Valley-based data center company Switch. Alleged $500M Ponzi scheme preyed on Mormons. [30][31] This is the first of eight planned data centers to be built at TRIC. Roy has continued to help the center with technology needs, improving its broadcast power and even helping land a company to set up the phone system, Smith Center CEO Myron Martin said. Roy describes the 407,000 square foot facility as the most energy efficient, tightly packed data center on the planet. [12] Switch is currently[when?] The $11 billion sale of Las Vegas-based data center developer Switch Inc. officially closed on Tuesday. Rob Roy (Neal Portnoy/Las Vegas Review-Journal). Las Vegas-based brands are chasing new audiences through other peoples accounts as the industry around influencer marketing grows. People associated with Switch founder Rob Roy bought the building in 2003 for less than $1 million. The Citadel Campus at Tahoe Reno Industrial Center (TRIC) is over 1,000 acres (400ha) and is expected to have more than 7.2million square feet (670,000m2) of data center space at completion. Rob Roy Chief Executive Officer, Founder, Chairman, Inventrepreneur Thomas Morton President, Chief Legal Officer Gabe Nacht Chief Financial Officer Missy Young Chief Information Officer Chris Donnelly [24], Switch has sued NV Energy for $30 million over disagreements about power price,[25][26][27] and in 2016 Switch was allowed to switch from NV Energy to its own solar power plants at an "exit fee" of $27 million. Copyright 2023 IDG Communications, Inc. Rob Roy's standard of excellence and leadership is visible throughout Switch and the technology industry. In an interview, Snyder said Roys intellect and big name clients helped convince him to join the company. He expects it to be filled by the world's most prominent companies, including just about every technology heavyweight you can think of and the major media conglomerates. He knows what these people are going through, Ruvo said. This gave Switch access to more than twenty of the primary carrier backbones in a single location. Thousands of California businesses have fled Golden State for Las Vegas, North Las Vegas modular home maker opens 2nd factory, Vegas startup community gets support, but still room for growth, TikTok makes big bucks for Las Vegas businesses, $11B sale of Las Vegas data firm Switch closes, First Latina-owned skate shop opens in the Arts District, Is that the girl from Instagram?: Influencers cashing in on Las Vegas, Investment advisor optimistic on Las Vegas future: We just keep reinventing ourselves, Free business incubator launches for Clark County startups. Roy accused Ohler of stealing a business computer, billing software, records and a gun from the office, according to court documents. Such an undertaking could strap actual muscle to the cloud and utility computing buzzwords that have become commonplace in the technology industry. Roy was the middle child to older sister, Kelly, and younger brother, Michael, future president of Switch. Larry Ruvo, founder of the Cleveland Clinic Lou Ruvo Center for Brain Health in Las Vegas, is perhaps one of the few people close to Roy to hear the Switch CEO talk about his father at length. He was born Rob Roy Borden on April 26, 1969, in Minnesota to Bruce and Marcia Borden, according to public records. Roys father spent a final semester with the university in fall 1984 without completing a degree. [13] As of January 1, 2016, all Switch data centers are powered exclusively by clean and renewable energy. If a technology giant really existed in Las Vegas of all places, then it should be patting itself on the back and then letting city officials finish off the job with celebrations of their own. [7] In 2017, the company announced it would no longer pursue certifications by the Uptime Institute, and instead planned to create a non-profit organization to control and define a new data center standard that uses 30 additional metrics and is called Tier 5 Platinum, and that they have plans to follow the new standards. His data storage company, Switch, is working on a new campus in Atlanta. Everything is on a massive scale. On Rob Roy: Switch's founder is responsible for the hundreds of issued and pending patents which underpin some of the unique aspects of its data center design. That's because the first SuperNAP will not be the last. 2023 Advance Local Media LLC. Rob Roy is driven by the principle of Karma: putting good energy out into the world and getting good energy back. But Roy appears to be having no trouble luring customers into the SuperNAP. Bruce Borden struck his head at the bottom of water less than 3 feet deep, according to the Wausau Daily Herald. Switch Inc. gave its founder and Chief Executive Officer Rob Roy a $94.6 million pay package in 2017, with most of it in a stock award tied to the firm's initial public offering. A nearly 18 percent stake in the company puts his worth above $700 million. The estimated net worth of Rob Roy is at least $26.22 million as of January 11th, 2021. If you purchase a product or register for an account through one of the links on our site, we may receive compensation. He is generous to both his employees and the communities in which he builds data centers. [20][21] The Core Campus located in Las Vegas consists of eleven operating data centers spanning over 2million square feet (190,000m2). As the CEO of Switch, Inc., Mr. Roy earned a total compensation package of $8,758,715.00 in 2021. Hes a friend of mine that I admire, respect and, frankly, have learned to love.. [32][33][34][35], Switch's Pyramid Campus (former Steelcase Pyramid) in Grand Rapids, Michigan, was opened in May 2017. Here are some photos from the day. Build-to-Suit At completion, it will reach up to 1.8million square feet (170,000m2) making it the largest data center campus in the eastern U.S.[36][37], In 2014, Switch formed SUPERNAP International in partnership with ACDC Fund and its two limited partners Orascom TMT Investments and Accelero Capital to build data centers based on designs from the Tier IV-rated Switch SUPERNAP U.S. facilities. I grew up just being very involved in the whole process. More of our coverage of the Switch IPO: An auction raised over $3,000, around $8,000 today if adjusted for inflation, toward a van for Borden, according to newspaper stories from the time. The SuperNAP monstrosity looks to stand as just a starting point for Switch with the company's investors urging it to build close to 10 similar centers around the globe. ", "First Solar, Inc., 179 Megawatt AC (MWac) Switch Station 1 and Switch Station 2 Solar Projects: Private Company Information - Bloomberg", "Why Data Center Provider Switch is Suing Nevada and NV Energy", http://pucweb1.state.nv.us/PDF/AxImages/DOCKETS_2015_THRU_PRESENT/2016-9/15489.pdf, "Switch applies for wholesale electricity for Northern Nevada project", "Switch reaches agreement with Nevada regulators to leave NV Energy", "Vegas' Switch Opens World's Biggest Data Center in Northern Nevada", "On Switch: Reno-area SuperNAP to be largest data center on Earth. The family lived in Merrill, Wisconsin, about a half-hour south of the lake and about three hours north of Madison. Everything is "Look at how much ass we kick. Rob Roy is CEO and Founder of Switch, developer of the world-renowned SUPERNAP data centers. Enter your email address below to get our daily insider buying and selling report. 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