SINGAPORE, March 18, 2012 /PRNewswire/ -- Digital Realty Trust, Inc. (NYSE: DLR), a leading global data centre solution provider, announced today that Kris Kumar has been promoted to Senior Vice President. His new title is Senior Vice President & Regional Head, Asia Pacific. Mr. Kumar is based in Singapore and is responsible for overseeing the Company's corporate activities in Asia and the Pacific Rim, including Australia, Singapore, and Hong Kong. Mr. Kumar will continue to be responsible for several initiatives, such as developing relationships with partners and new customers in the region, identifying strategic investment opportunities in new and existing markets across Asia Pacific, and coordinating operations.
"Kris has made a tremendous contribution since formally joining Digital Realty nearly two years ago. Under his leadership, we have exceeded our leasing expectations at our Singapore facility, expanded in to Australia with the purchase of development sites in Sydney and Melbourne, and are working on further expansion opportunities in the region," said Michael F. Foust, CEO of Digital Realty. "Through his tireless efforts, he has also built a team of top rated data center professionals, expanding our operating platform across the region to provide the level of service, reliability and security our customers have come to expect from Digital Realty. Kris's deep customer relationships and technical expertise are critical assets to Digital Realty as we continue to build a strong foundation for our future growth in the region."
Kris Kumar joined Digital Realty in May 2010 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. As a Chief Engineer in the Merchant Marine 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
Digital Realty Trust, Inc. 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. 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 102 properties, excluding three properties held as investments in unconsolidated joint ventures, comprise approximately 19.1 million square feet as of February 27, 2012, including 2.4 million square feet of space held for redevelopment. Digital Realty's portfolio is located in 31 markets throughout Europe, North America, Singapore 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, including statements related to our plans 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, 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 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; 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, 2011. 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
Chief Financial Officer and
Vice President, Investor Relations
SVP & Regional Head,
Chief Investment Officer
and Corporate Marketing
Digital Realty Trust, Inc.
Digital Realty Trust, Inc.
Digital Realty Trust, Inc.
+1 (415) 738-6500
+1 (415) 738-6500
SOURCE Digital Realty Trust, Inc.