SAN FRANCISCO, May 6, 2019 /PRNewswire/ -- Digital Realty (NYSE: DLR), a leading global provider of data center, colocation and interconnection solutions, announced today that Chief Executive Officer A. William Stein and Executive Vice President, Operations, Erich Sanchack have been recognized by the Northern Virginia Technology Council (NVTC) for their achievements in business and leadership in community engagement, and leadership in business development at the Virginia Data Center Awards event in Leesburg, Virginia.
Mr. Stein was honored with NVTCs "Data Center Industry Icon" award for his visionary leadership in transforming Digital Realty and pioneering the data center industry, and in turn, the northern Virginia and U.S. economies. Digital Realty's enterprise value has nearly tripled since Mr. Stein's appointment as Chief Executive Officer in 2014, and he has led a significant expansion of the company's global reach across Europe, Latin America and the Asia Pacific region.
The NVTC honored Erich Sanchack with the "Data Center Community Champion" award for his role in spearheading Digital Realty's community initiatives and driving the company's positive community impact, specifically within the local Virginia communities where Digital Realty operates. In the last year alone, Digital Realty employees co-hosted a donation drive for the Loudoun Abused Women's Shelter, packaged 10,000 meals at the Dulles Expo Center for victims of natural disasters and food insecurity, raised more than $62,000 by participating in the American Heart Association's "Heart Walk" in Ashburn, and collected 355 pounds of food for Loudoun Hunger Relief.
"These awards and honors reflect both the tremendous evolution of Digital Realty as a business and community leader, and the valuable role that our team has played in driving our transformation and success to date," said Mr. Stein. "While these are individual recognitions, they speak volumes to the incredible team behind us, without whom we would not be able to make such a positive impact within our organization and on the growing number of communities where we work."
More than 300 industry executives, economic development professionals and state elected officials attended the sold-out event to discuss a strong workforce pipeline and other key factors in maintaining Virginia's competitiveness in the industry and to recognize individuals and projects that represent excellence in areas of sustainability, construction, advocacy and community engagement and support.
About Digital Realty
Digital Realty supports the data center, colocation and interconnection strategies of more than 2,300 firms across its secure, network-rich portfolio of data centers located throughout North America, Europe, Latin America, Asia, Australia and South America. Digital Realty's clients include domestic and international companies of all sizes, ranging from cloud and information technology services, communications and social networking to financial services, manufacturing, energy, healthcare and consumer products. www.digitalrealty.com. Follow Digital Realty on social media: LinkedIn, Twitter, Facebook, Instagram and Youtube.
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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 organization and community involvement. These risks and uncertainties include, among others, the following: reduced demand for data centers or decreases in information technology spending; decreased rental rates, increased operating costs or increased vacancy rates; increased competition or available supply of data center space; the suitability of our data centers and data center infrastructure, delays or disruptions in connectivity or availability of power, or failures or breaches of our physical and information security infrastructure or services; our dependence upon significant customers, bankruptcy or insolvency of a major customer or a significant number of smaller customers, or defaults on or non-renewal of leases by customers; breaches of our obligations or restrictions under our contracts with our customers; our inability to successfully develop and lease new properties and development space, and delays or unexpected costs in development of properties; the impact of current global and local economic, credit and market conditions; our inability to retain data center space that we lease or sublease from third parties; difficulty acquiring or operating properties in foreign jurisdictions; our failure to realize the intended benefits from, or disruptions to our plans and operations or unknown or contingent liabilities related to, our recent acquisitions; our failure to successfully integrate and operate acquired or developed properties or businesses; difficulties in identifying properties to acquire and completing acquisitions; risks related to joint venture investments, including as a result of our lack of control of such investments; 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; our failure to obtain necessary debt and equity financing, and our dependence on external sources of capital; financial market fluctuations and changes in foreign currency exchange rates; 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 and goodwill and other intangible asset impairment charges; our inability to manage our growth effectively; losses in excess of our insurance coverage; environmental liabilities and risks related to natural disasters; our inability to comply with rules and regulations applicable to our company; our failure to maintain our status as a REIT for federal income tax purposes; our operating partnership's failure to qualify as a partnership for federal income tax purposes; restrictions on our ability to engage in certain business activities; and changes in local, state, federal and international laws and regulations, including related to taxation, 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, 2018. 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