CALGARY, Canada, Apr 29, 2025 – CoolIT Systems has announced the appointment of Jason Waxman as CEO, effective immediately. CoolIT COO Patrick McGinn will also expand his role and become president and COO of the Company.
Waxman has more than 20 years of experience in the data center industry, including a long tenure at Intel Corporation. He joins CoolIT after serving as president of Fluke Corporation for three years. Waxman was also a founding board member of the “Open Compute” project, a community working to redesign hardware technology for evolving compute infrastructure.
“I’m honored to join the talented CoolIT team at such a pivotal moment, as the company’s technology plays an increasingly critical role in facilitating sustainable data center growth and enabling the global expansion of AI platforms,” said Waxman. “I believe that CoolIT’s strong history of innovation will serve as a great foundation for future growth, and I am excited to help take this company to new heights.”
Patrick McGinn has worked at CoolIT for over 13 years in leadership roles across product strategy and business operations. In his new role as president and COO, he will collaborate with Jason to shape the company’s direction.
“CoolIT is at the forefront of enabling sustainable, high-performance computing, and Jason’s experience and vision will help us lead the next wave of data center innovation,” said Patrick McGinn. “I look forward to working with Jason and the entire CoolIT team as we continue to scale globally, deepen our industry partnerships, and bring advanced direct liquid cooling solutions to more customers worldwide.”
“Jason is deeply committed to CoolIT’s longstanding mission of serving as a trusted, innovative partner to its customers across the rapidly growing global data center market, and we’re thrilled to welcome him to the team,” said Kyle Matter, chairman of CoolIT’s board of directors and head of KKR’s global impact team in North America. “Jason’s background in industrial technology and data center innovation will be incredibly valuable as CoolIT enters its next chapter.”
Source: CoolIT Systems
About CoolIT Systems
CoolIT Systems, founded in 2001 and headquartered in Calgary, Canada, specializes in designing and manufacturing liquid cooling solutions for high-performance computing (HPC), data centers, and enterprise markets. To enhance server performance and energy efficiency, the company offers modular, rack-based Direct Liquid Cooling (DLC) technology, including Passive Coldplate Loops, Rack Manifolds, and Coolant Distribution Units (CDUs). As of December 2024, CoolIT Systems employs approximately 291 individuals across five continents, including North America, Asia, and Europe. In 2021, the company reported revenue exceeding $100 million for the first time. CoolIT Systems serves a diverse clientele in high-performance computing, enterprise, and telecommunications sectors, providing efficient thermal management solutions.