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SAN FRANCISCO, May 18, 2010 /PRNewswire via COMTEX/ --Digital Realty Trust, Inc. (NYSE:DLR, news, filings), the world's largest wholesale datacenter provider, announced today that Kris Kumar has joined the Company as Regional Head, Asia Pacific, a new position at Digital Realty Trust. Mr. Kumar will be based in Singapore and responsible for corporate activities in Asia and the Pacific Rim, including Australia, Singapore, Hong Kong and India. Mr. Kumar will be overseeing several initiatives, such as developing relationships with partners and new customers in the region, identifying strategic investment opportunities, and coordinating operations.
"Bringing Kris on board in this new position is a reflection of our strategic commitment to the Pacific Rim and India. His technical expertise in datacenters and his in-depth understanding of the datacenter markets in these regions make him a great addition to our team. We are very pleased to welcome Kris to the Company," said Michael F. Foust, CEO of Digital Realty Trust. "Singapore, Hong Kong, Australia and the tech centers in India are strong emerging markets for wholesale datacenter space. Kris's deep customer relationships and technical expertise will be a tremendous asset to Digital Realty Trust as we build a strong foundation for our future growth in the region."
Kris Kumar comes to Digital Realty Trust with 28 years of experience in the IT/data center infrastructure, property and marine industries. Immediately prior to joining the Company, Mr. Kumar was the president and co-founder of a specialized consulting and project implementation business that conceptualized, business-planned and delivered facilities and move-in ready data center projects for major corporate enterprises and international telecom and IT companies across the Asia-Pacific region. Mr. Kumar also served as a Marine Engineer in the Indian, British and American Merchant Navy for 10 years. As a Chief Engineer he developed his extensive experience and expertise in critical engineering systems, planning and design engineering for uptime and reliability as well as maintenance systems, processes and procedures. He earned a Bachelor's degree in Marine Engineering (Distinction) and a Postgraduate degree in Facilities Management & Finance from Sydney University.
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 85 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 15.1 million rentable square feet as of May 10, 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.
Turn-Key Datacenter, Powered Base Building and POD Architecture are registered trademarks of Digital Realty Trust.
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, including statements related to initiatives in the Asia Pacific region. These risks and uncertainties include, among others, the following: the impact of the recent deterioration in global economic, credit and market conditions; current 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 (including risks relating to decreasing real estate valuations and impairment charges); our dependence upon significant tenants; bankruptcy or insolvency of a major tenant 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; 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 facilities and agreements; 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 such 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; our inability to successfully develop 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; potential 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; and 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 U.S. Securities and Exchange Commission, including the Company's Annual Report on Form 10-K for the year ended December 31, 2009 and the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2010. 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.
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 Bernard Geoghegan SVP, International Operations Digital Realty Trust, Inc. +353 1 245 0650
SOURCE Digital Realty Trust, Inc.