Digital Realty Announces Organizational Change

Move Extends Company's Strategy to Unlock Leadership Talent

Jan 29, 2015, 16:15 ET from Digital Realty Trust, Inc.

SAN FRANCISCO, Jan. 29, 2015 /PRNewswire/ -- Digital Realty Trust, Inc. (NYSE: DLR), a leading global provider of data center and colocation solutions, announced today an organizational change designed to better leverage and develop the company's management resources.  Jim Smith, Digital Realty's Chief Technology Officer, and David Schirmacher, Senior Vice President of Operations, will switch roles effective March 1, 2015. 

  • Jim Smith will retain the title of CTO and will lead the Portfolio Operations Group, which includes global property operations, technical operations, customer service, security and data center services functions. 
  • David Schirmacher, who currently serves as the company's Senior Vice President of Portfolio Operations, will transition to the role of Senior Vice President of Design & Construction and will be responsible for overseeing data center development, including design and construction.  In addition, he will continue to oversee the development and ongoing implementation of EnVision, Digital Realty's data center infrastructure management (DCIM) solution. 

"This organizational change is in keeping with our commitment to unlock the outstanding talent within Digital Realty as we focus on how to best utilize our resources to drive future growth," said A. William Stein, Digital Realty's Chief Executive Officer and Chief Financial Officer.  "Both Jim and David have established themselves as accomplished leaders within the company as well as the industry, and I believe that switching their roles will better leverage each of their key skills and experience, strengthen our overall operations and help Digital Realty secure our position as the premier global data center provider.  They have each made impressive progress within their respective divisions, and this move is a testament to their abilities and flexibility to lead two vital aspects of our business." 

Mr. Smith joined Digital Realty in 2004, and Mr. Schirmacher joined the company in 2012. 

For Additional Information:

Media Inquiries:
John Christiansen / Reze Wong
Sard Verbinnen & Co
(415) 618-8750

Investor Relations:
John J. Stewart
Senior Vice President
Investor Relations
Digital Realty Trust, Inc.
(415) 738-6500

About Digital Realty

Digital Realty Trust, Inc. supports the data center and colocation strategies of more than 600 firms across its secure, network-rich portfolio of data centers located throughout North America, Europe, Asia and Australia.  Digital Realty's clients include domestic and international companies of all sizes, ranging from financial services, cloud and information technology services, to manufacturing, energy, gaming, life sciences and consumer products.  For more information about data center solutions from Digital Realty, visit 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, including statements related to our plans and organization.  These risks and uncertainties include, among others, the following: the impact of current 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; 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, increased operating costs or increased vacancy rates; increased competition or available supply of data center space; our inability to successfully develop and lease new properties and development space; 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, as amended, for the year ended December 31, 2013 and Quarterly Reports on Form 10-Q for the quarters ended March 31, 2014, June 30, 2014 and September 30, 2014.  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. 

 

SOURCE Digital Realty Trust, Inc.



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