SAN FRANCISCO, Feb. 14, 2011/PRNewswire/ --Digital Realty Trust, Inc.(NYSE: DLR),a leading global wholesale datacenter provider, today announced that Chris Crosby, Senior Vice President of Corporate Development has resigned from the Company to be effective March 31, 2011. Mr. Crosby joined Digital Realty Trust in October 2004.
"Chris joined Digital Realty Trust as Vice President of our sales and technical services activities at the completion of our initial public offering in October 2004," said Michael F. Foust, Chief Executive Officer. "During his tenure, Chris tirelessly focused on growing our business and played a key role in developing our datacenter products and most recently new market opportunities. We greatly appreciate his efforts and have come to regard him as both a trusted colleague and a friend."
"In every endeavor you reach a point where you have accomplished everything that you originally set out to do, and decide that it is time to start seeking new professional challenges. I have reached that point here at Digital Realty Trust," said Chris Crosby. "When I began here, my goal was to help the organization grow into a market leader. I could not have imagined at that time that we would achieve that goal so rapidly or dramatically. This success is a testament to the hard work and dedication of all the many people that it has been my pleasure to work with at Digital Realty Trust. It gives me great pride to think of all of the challenges that we were able to overcome by working together to bring innovative solutions to the wholesale data center marketplace."
"We look forward to building upon the contributions Chris has made to our organization as we continue to expand Digital Realty Trust's leadership position in the datacenter industry. On behalf of the entire organization, I would like to thank Chris for his service to the Company and wish him the best of luck in his future endeavors," added Mr. Foust.
About Digital Realty Trust, Inc.
Digital Realty Trust, Inc. enables customers to deliver critical business applications by providing secure, reliable and cost effective datacenter facilities. Digital Realty Trust'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 Trust's 96 properties, excluding two properties held as investments in unconsolidated joint ventures, comprise approximately 16.8 million square feet as of December 9, 2010, including 2.3 million square feet of space held for redevelopment. Digital Realty Trust's portfolio is located in 28 markets throughout Europe, North America and Singapore. 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, including statements related to Chris Crosby's departure. 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 inability 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 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; 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 United States Securities and Exchange Commission, including the Company's annual report on Form 10-K for the year ended December 31, 2009 and subsequent quarterly reports on Form 10-Q. 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
Director of Investor Relations
Chief Investment Officer
Digital Realty Trust, Inc.
Digital Realty Trust, Inc.
+1 (415) 738-6500
+1 (415) 738-6500
SOURCE Digital Realty Trust, Inc.