LONDON, April 8, 2013 /PRNewswire/ -- Digital Realty Trust, Inc. (NYSE:DLR, news, filings), a leading global provider of data centre solutions, announced today that Bernard Geoghegan joined the Company as managing director, EMEA. Digital Realty focuses on delivering customer driven data center solutions by providing secure, reliable and cost effective facilities that meet each customer's unique data center needs. Mr. Geoghegan will be responsible for overseeing all Digital Realty's operations in EMEA, the Company's largest region outside of the U.S. currently comprising of approximately 2.1 million rentable square feet.
Mr. Geoghegan returns to Digital Realty from Colt, where he was executive vice president of the Data Centre Services division and was instrumental in developing its modular data centre offering. Prior to joining Colt, Mr. Geoghegan served as senior vice president of International Operations at Digital Realty from 2008 through 2010 after joining the Company in 2006 as vice president, Europe.
"We are very pleased to welcome Bernard Geoghegan back to Digital Realty at what is an exciting time in the growth of the company's operations in EMEA," said Michael F. Foust, chief executive officer of Digital Realty. "As a well-respected figure in the data centre industry, Bernard has a depth of experience that is unmatched in our sector. He has been at the forefront of innovation and possesses key insights into important data centre trends. We are confident that he will continue the momentum we have established through our recent acquisitions in the region, and ensure Digital Realty's ongoing leadership position across our growing operations."
With a career in the data centre, managed services and IT sectors that spans over 25 years, Bernard Geoghegan has held senior executive and operations roles at both service providers and end-user organisations. Prior to joining Digital Realty in 2006, Mr. Geoghegan was chief executive officer and director at Servecentric Ltd., a data centre managed services provider based in Ireland. Previously, he was vice president of operations at Worldport, and held senior IT posts at Xerox, Pioneer Management Ireland and Informix.
About Digital Realty
Digital Realty Trust, Inc. focuses on delivering customer driven data centre solutions by providing secure, reliable and cost effective facilities that meet each customer's unique data center needs. Digital Realty's customers include domestic and international companies across multiple industry verticals ranging from information technology and Internet enterprises, to manufacturing and financial services. Digital Realty's 121 properties, excluding three properties held as investments in unconsolidated joint ventures, comprise approximately 22.2 million square feet as of February 28, 2013, including 2.4 million square feet of space held for development. Digital Realty's portfolio is located in 32 markets throughout Europe, North America, Asia and Australia. Additional information about Digital Realty is included in the Company Overview, which is available on the Investors page of Digital Realty's website at http://www.digitalrealty.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, among others, the following: the impact of the recent deterioration in global economic, credit and market conditions, including the downgrade of the U.S. government's credit rating; 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; risks associated with using debt to fund our business activities, including re-financing and interest rate risks, our failure to repay debt when due, adverse changes in our credit ratings 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 inability to manage our growth effectively; difficulty acquiring or operating properties in foreign jurisdictions; our failure to successfully integrate and operate acquired or developed properties or businesses; the suitability of our properties and data center infrastructure, delays or disruptions in connectivity, failure of our physical infrastructure or services or availability of power; risks related to joint venture investments, including as a result of our lack of control of such investments; delays or unexpected costs in development 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 development; 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 reporting 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; losses in excess of our insurance coverage; changes in foreign laws and regulations, including those related to taxation and real estate ownership and operation; and changes in local, state and federal regulatory requirements, including 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, 2012. 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||Pamela M. Garibaldi||Bernard Geoghegan|
|Chief Financial Officer and||Vice President, Investor Relations||Managing Director, EMEA|
|Chief Investment Officer||and Corporate Marketing||Digital Realty Trust, Inc.|
|Digital Realty Trust, Inc.||Digital Realty Trust, Inc.||+44 (20) 7954 9128|
|+1 (415) 738-6500||+1 (415) 738-6500|
SOURCE Digital Realty Trust, Inc.