Digital Realty Announces Leadership Changes

Rhea-AI Summary

Digital Realty (NYSE: DLR) announced leadership changes on November 1, 2021, appointing Andrew P. Power as President while retaining his role as Chief Financial Officer. Erich J. Sanchack has been named Chief Operating Officer, reporting to Power. CEO A. William Stein expressed confidence that these changes will enhance competitive advantages and drive future growth, emphasizing a strengthened operational and strategic focus.

Positive

• Andrew P. Power's expanded role as President is expected to enhance strategic direction.
• Leadership changes may widen the competitive moat for Digital Realty.

Negative

• None.

AUSTIN, Texas, Nov. 1, 2021 /PRNewswire/ -- Digital Realty (NYSE: DLR), the largest global provider of cloud- and carrier-neutral data center, colocation and interconnection solutions, announced today the appointment of Andrew P. Power as President.  Mr. Power has served as Digital Realty's Chief Financial Officer since 2015 and he will continue to serve in that capacity, along with his responsibilities as President.  In addition, Erich J. Sanchack has been named Chief Operating Officer, reporting directly to Mr. Power. 

"I look forward to working more closely with Andy in the newly created position of President, in which he will play an even greater role in our operations and strategic direction," said Digital Realty Chief Executive Officer A. William Stein.  "I'm incredibly proud of Andy, Erich and the broader Digital Realty team, and I am confident these leadership changes will widen our competitive moat and set the stage for the next phase of our growth." 

Investor Relations
John J. Stewart / Jim Huseby
Digital Realty
+1 (415) 738-6500
InvestorRelations@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 relating to strategy, operations, our plans and organization.  For a list and description of risks and uncertainties, please see the company's reports and other filings with the U.S. Securities and Exchange Commission.  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. 

View original content:https://www.prnewswire.com/news-releases/digital-realty-announces-leadership-changes-301413244.html

SOURCE Digital Realty

FAQ

What leadership changes were announced by Digital Realty on November 1, 2021?

Digital Realty announced Andrew P. Power as President and Erich J. Sanchack as Chief Operating Officer.

How does Andrew P. Power's new role affect Digital Realty's operations?

Power's new position as President will allow him to play a greater role in operations and strategic direction.

What is the significance of the leadership changes at Digital Realty?

The changes are aimed at strengthening the company's competitive position and supporting future growth.