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Press Release -- January 29th, 2010
Source: Digital Realty Trust
Tags: Construction, Datacenter, Exchange

Digital Realty Trust Announces Organizational Changes

SAN FRANCISCO, Jan 29, 2010 /PRNewswire via COMTEX/ -- Digital Realty Trust, Inc. (NYSE:DLR, news, filings), the world's largest wholesale datacenter provider, announced today that Mike Manos has resigned from the company as Senior Vice President of Technical Services, effective January 29, 2010. Mr. Manos joined the Company in 2009.

"Mike has made a tremendous contribution to Digital Realty Trust and we greatly appreciate his efforts," commented Michael F. Foust, CEO of Digital Realty Trust. "We understand that this was a difficult, personal decision for him and we wish him the very best in his future endeavors."

Mr. Manos was responsible for the oversight of the Company's Design and Construction activities as well as Technical Operations. As a result of his departure, the Company is making the following organizational changes, effective February 1, 2010:

  • Dave Caron, Senior Vice President, Portfolio Management, will have oversight responsibilities for Technical Operations; and
  • Jim Smith, Chief Technology Officer, will have interim oversight responsibilities for Design and Construction.

"One of our core strengths is the depth and breadth of our team of datacenter professionals, which has also served to attract the best talent in the industry," added Mr. Foust. "We look forward to building upon the contributions Mike has made to our organization as we continue to expand Digital Realty Trust's leadership position in the datacenter industry."

Mike Manos stated, "While I am departing my role, I can honestly say that my time at DLR has been incredible. The depth and professionalism of the teams are world class and their unique approach to the market in terms of technology and data center expertise is second to none. I remain firm in my endorsement of Digital Realty Trust and hope that my involvement has helped to move the company forward."

About Digital Realty Trust, Inc.

Digital Realty Trust, Inc. owns, acquires, redevelops, develops and manages technology-related real estate. The Company is focused on providing Turn-Key Datacenter(R) and Powered Base Building(R) datacenter solutions for domestic and international tenants across a variety of industry verticals ranging from information technology and Internet enterprises, to manufacturing and financial services. Digital Realty Trust's 84 properties, excluding one property held as an investment in an unconsolidated joint venture, contain applications and operations critical to the day-to-day operations of technology industry tenants and corporate enterprise datacenter tenants. Comprising approximately 14.9 million rentable square feet as of January 25, 2010, including 1.9 million square feet of space held for redevelopment, Digital Realty Trust's portfolio is located in 27 markets throughout North America and Europe. For additional information, please visit Digital Realty Trust's website at http://www.digitalrealtytrust.com.

Safe Harbor Statement

This press release contains forward-looking statements which are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially. These risks and uncertainties include the impact of the current deterioration in the global economy, including the turmoil in the financial and credit markets; the downturn of local economic conditions in our geographic markets; decreases in information technology spending, including as a result of economic slowdowns or recession; adverse economic or real estate developments in our industry or the industry sectors that we sell to; decreases in real estate valuations and resulting impairment charges; our dependence upon significant tenants; bankruptcy or insolvency of one or more major tenants or a significant number of smaller tenants; defaults on or non-renewal of leases by tenants; our failure to obtain necessary debt and equity financing for refinancing current debt obligations, undertaking or completing redevelopment, completing acquisitions or other purposes; increased interest rates and operating costs; our failure to repay debt when due or our breach of covenants or other terms contained in our loan documents; financial market fluctuations; changes in foreign currency exchange rates; our ability to manage our growth effectively; difficulty acquiring or operating properties in foreign jurisdictions; our failure to successfully operate acquired or redeveloped properties; risks related to joint venture investments, including as a result of our lack of control of certain of these investments; delays or unexpected costs in development or redevelopment of properties; decreased rental rates or increased vacancy rates; increased competition or available supply of data center space; inability to successfully redevelop and lease new properties and space held for redevelopment; difficulties in identifying properties to acquire and completing acquisitions; our inability to acquire off-market properties; our inability to comply with the rules and regulations applicable to public companies; our failure to maintain our status as a REIT; possible adverse changes to tax laws; restrictions on our ability to engage in certain business activities; environmental uncertainties and risks related to natural disasters; changes in foreign laws and regulations, including those related to taxation and real estate ownership and operation; changes in real estate and zoning laws; and increases in real property tax rates. For a further list and description of such risks and uncertainties, see the reports and other filings by the Company with the United States Securities and Exchange Commission, including the Company's annual report on Form 10-K for the year ended December 31, 2008 and the Company's quarterly reports on Form 10-Q for the quarters ended March 31, 2009, June 30, 2009 and September 30, 2009. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Turn-Key Datacenter, Powered Base Building and POD Architecture are registered trademarks of Digital Realty Trust.

For Additional Information:

A. William Stein
Chief Financial Officer and
Chief Investment Officer
Digital Realty Trust, Inc.
+1 415-738-6500

Pamela A. Matthews
Director of Investor Relations
Digital Realty Trust, Inc.
+1 415-738-6500

SOURCE Digital Realty Trust, Inc.

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