CoreSite Announces New Senior Leadership Team

Rhea-AI Summary

CoreSite, a subsidiary of American Tower (NYSE: AMT), announced the appointment of new senior leadership aimed at fostering accelerated growth. Juan Font takes the helm as President, with over 20 years in management and operations. He will steer the company as a standalone entity under U.S. Tower. The new leadership team includes seasoned executives overseeing areas like Data Center Operations, Sales and Marketing, and IT. Font emphasized the importance of adapting to the convergence of wireline and wireless networks, especially with the rise of 5G technology, to support customers' digital transformation strategies.

Positive

• Juan Font appointed as President is expected to provide focused leadership based on extensive experience.
• New leadership team brings diverse expertise to support growth and innovation.
• Focus on adapting to 5G deployments can enhance competitive positioning.

Negative

• None.

DENVER--(BUSINESS WIRE)-- CoreSite, the leading hybrid IT solutions provider and subsidiary of American Tower Corporation (NYSE: AMT) (“American Tower”), today announced new senior leadership appointments effective immediately. This new executive management structure is designed to position the company for accelerated growth, while continuing to provide the native digital supply chain its valued enterprise, network, cloud and service integrator customers have come to depend on.

CoreSite is now led by Juan Font, President of CoreSite and SVP of American Tower, reporting to Steve Vondran, Executive Vice President and President, U.S. Tower Division of American Tower (“U.S. Tower”). Font is responsible for leading CoreSite’s strategy, innovation and growth while delivering value to the customers, partners, shareholders, and communities where CoreSite and American Tower operate. He has held positions of increasing responsibility within the organization since 2010 and brings more than 20 years of experience in general management, direct sales, business operations and finance in the data center and telecommunications industries. Font will operate CoreSite as a standalone entity within U.S. Tower.

“In the short time that I’ve gotten to know Juan, I’ve been impressed by his passion for the CoreSite team and business, as well as the depth and breadth of his experience. I am very excited about the future of CoreSite as part of American Tower and look forward to working with Juan, and his newly appointed senior leadership team, to build on CoreSite’s impressive track record”, stated Vondran.

CoreSite’s recently appointed senior leadership team is comprised of:

• Juan Font, President of CoreSite and SVP of American Tower
• Anthony Hatzenbuehler, SVP, Data Center Operations
• Maile Kaiser, SVP, Sales and Marketing
• Aleks Krusko, SVP, IT and Digitization
• Leslie McIntosh, SVP, Human Resources
• Brian Warren, SVP, Development and Product Engineering
• Matt Gleason, VP, General Management
• Mark Jones, VP and Chief Accounting Officer
• Adam Post, VP, Finance and Acquisitions
• Janae Walker, VP, Legal

Adam Post and Mark Jones are new to the leadership team and will take on leadership oversight for several functions including acquisitions, investor relations, procurement, and internal audit.

Janae Walker is currently a member of the American Tower legal team and joins CoreSite’s senior leadership team with overall responsibility for the CoreSite legal function. She served as the lead attorney on the CoreSite transaction and brings experience with American Tower to the CoreSite team.

Matt Gleason is newly appointed to the leadership team and is responsible for the general management function as well as providing oversight for sales engineering and capacity inventory management functions.

Maile Kaiser broadens her responsibility on the leadership team with oversight of marketing, sales operations, and the solutions architects in addition to maintaining responsibility for the CoreSite sales organization.

“I am proud to lead CoreSite, and my newly appointed leadership team, into our exciting next chapter. The acquisition of CoreSite by American Tower enables us to create a differentiated, comprehensive, and interconnected communications real estate platform optimally positioned to benefit from the convergence of wireline and wireless networks amid accelerating global 5G deployments. This will allow us to continue to deliver on our commitment to future-proof our customers’ digital transformation strategies now – and well into the future,” stated Font.

Other Highlights

• About CoreSite Leadership Team
• American Tower Completes Acquisition of CoreSite Realty Corporation
• American Tower to Acquire CoreSite
• CoreSite Future-Proofs Digital Business

About CoreSite

CoreSite Realty Corporation, an American Tower company (NYSE: AMT), provides hybrid IT solutions that empower enterprises, cloud, network, and IT service providers to monetize and future-proof their digital business. Our highly interconnected data center campuses offer a native digital supply chain featuring direct cloud onramps to enable our customers to build customized hybrid IT infrastructure and accelerate digital transformation. For more than 20 years, CoreSite’s team of technical experts have partnered with customers to optimize operations, elevate customer experience, dynamically scale, and leverage data to gain competitive edge. For more information, visit CoreSite.com and follow us on LinkedIn and Twitter.

Forward Looking Statements

This press release may contain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as “believes,” “expects,” “may,” “will,” “should,” “seeks,” “approximately,” “intends,” “plans,” “pro forma,” “estimates” or “anticipates” or the negative of these words and phrases or similar words or phrases that are predictions of or indicate future events or trends and that do not relate solely to historical matters. Forward-looking statements involve known and unknown risks, uncertainties, assumptions and contingencies, many of which are beyond CoreSite’s control that may cause actual results to differ significantly from those expressed in any forward-looking statement. These risks include, without limitation: the geographic concentration of the Company’s data centers in certain markets and any adverse developments in local economic conditions or the level of supply of or demand for data center space in these markets; fluctuations in interest rates and increased operating costs; difficulties in identifying properties to acquire and completing acquisitions; significant industry competition, including indirect competition from cloud service providers; failure to obtain necessary outside financing; the ability to service existing debt; the failure to qualify or maintain its status as a REIT; financial market fluctuations; changes in real estate and zoning laws and increases in real property tax rates; the effects on our business operations, demand for our services and general economic conditions resulting from the spread of the Novel Coronavirus (“COVID-19”) in our markets, as well as orders, directives and legislative action by local, state and federal governments in response to such spread of COVID-19; and other factors affecting the real estate industry generally. All forward-looking statements reflect the Company’s good faith beliefs, assumptions and expectations, but they are not guarantees of future performance. Furthermore, the Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes. For a further discussion of these and other factors that could cause the Company’s future results to differ materially from any forward-looking statements, see the section entitled “Risk Factors” in its most recent annual report on Form 10-K, and other risks described in documents subsequently filed by the Company from time to time with the Securities and Exchange Commission.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220106005772/en/

CoreSite

Megan Ruszkowski

Vice President of Marketing

720-446-2014

Megan.Ruszkowski@CoreSite.com

Source: CoreSite

FAQ

Who is the new President of CoreSite under American Tower?

Juan Font has been appointed as the new President of CoreSite.

What is the main goal of CoreSite's new leadership structure?

The new leadership structure aims to accelerate growth and enhance customer value.

How does the leadership change affect CoreSite's operations?

The change is expected to improve strategic direction and innovation in delivering hybrid IT solutions.

What experience does Juan Font bring to his new role?

Juan Font has over 20 years of experience in management, direct sales, business operations, and finance in the data center and telecommunications industries.

What are the expectations regarding digital transformation strategies at CoreSite?

CoreSite aims to future-proof customer digital strategies amid the convergence of wireline and wireless networks.