PowerX Technology has appointed Andrew Schafer as CEO.
The AI platform applies large-scale data analytics and AI automation to optimise mobile tower infrastructure performance.
Schafer joins founder Justin Head as the London seeks to expand its solutions globally.
The telecoms industry is seeing an unprecedented demand for increased data bandwidth whilst facing rising energy costs, emission reduction targets, rural coverage goals and the need for improved asset performance with reduced maintenance spend.
PowerX says its advanced SaaS functionality addresses these challenges to deliver optimised performance of tower infrastructure assets.
Schafer has more than 12 years’ experience at Verisae and Accruent, where he scaled SaaS solutions across multiple industries and geographies, whilst leveraging his strong domain knowledge in physical asset management, energy management and sustainability.
Prior to that, he held senior business advisory and strategy consulting roles at PwC and IBM.
“I’m delighted to be joining the extraordinary PowerX team at such an exciting point in its journey,” said Schafer. “PowerX’s market-leading AI solution is delivering a step change in the resilience, efficiency and sustainability of cell towers.
“I look forward to working closely with Justin and the team to lead PowerX in the next stage of its evolution as it scales to become the global platform of choice for tower owners and operators.”
Head, now executive vice chairman, said: “I’m excited to welcome Andrew to PowerX. His domain knowledge and breadth of SaaS experience is a huge asset as we scale the business.
“Andrew’s appointment as CEO allows me, as Executive Vice Chairman, to focus on product innovation, global market adoption and customer success, which I am extremely passionate about.”