Digital Realty Appoints Mary Hogan Preusse as Chairman of the Board of Directors
Digital Realty (NYSE: DLR) appointed Mary Hogan Preusse as Chairman of the Board, effective August 2022, succeeding Laurence Chapman, who will remain on the Board. Hogan Preusse, an experienced director since April 2017, aims to enhance Digital Realty's governance and accelerate growth in the data center sector amid digital transformation. Chapman praised her strategic role in expanding the company. The transition reflects a balance of fresh leadership and continuity as the firm aims to strengthen its global platform.
- Appointment of Mary Hogan Preusse as Chairman expected to enhance governance and leadership continuity.
- Hogan Preusse's extensive experience in the REIT industry may foster innovation and growth.
- Change in leadership may raise concerns over continuity and experience dynamics.
Succeeds Laurence Chapman, Who Will Remain on the Board
AUSTIN, Texas, June 6, 2022 /PRNewswire/ -- Digital Realty (NYSE: DLR), the largest global provider of cloud- and carrier-neutral data center, colocation and interconnection solutions, announced today that its Board of Directors has appointed Mary Hogan Preusse as Chairman of the Board, succeeding Laurence Chapman, who will continue to serve on the Board of Directors. Ms. Hogan Preusse's appointment will be effective as of the next scheduled Board meeting in August 2022 and follows her appointment to the Board in April 2017. These changes align with Digital Realty's longstanding commitment to strong governance principles, including refreshing Board leadership to balance fresh thinking and new perspectives with experience and continuity.
"I was delighted to have Mary join the Board in 2017 and am confident that she is the right person to take the reins at this exciting time for Digital Realty and to lead the Board as we continue to accelerate the growth of our global platform," said Mr. Chapman. "Mary has played an instrumental and strategic role in driving Digital Realty's expansion and innovation since joining the Board. It has been a privilege to serve as Chairman of this strong and diverse Board, and I look forward to continuing to collaborate with Mary and the Digital Realty management team as a Director."
"On behalf of the management team, I thank Laurence for his significant contributions and exemplary leadership as Chairman over the past five years," said Digital Realty Chief Executive Officer A. William Stein. "Mary's extraordinary investment experience and knowledge of our industry and technology-driven platform will be tremendously valuable as we continue to adapt to the changing world and enable our customers to execute on their digital transformation initiatives globally. I'm thrilled to work even more closely together with her to execute our long-term strategy."
"I am honored to accept the position of Chairman," said Ms. Hogan Preusse. "Digital Realty has continued to strengthen its position as a global leader of the data center sector, with the broadest available product offering, during Laurence's tenure as Chairman. With the tailwinds of digital transformation and the rapid growth of data driving substantial opportunity for our global platform, I'm delighted to take a deeper role in supporting and accelerating Digital Realty's growth."
Ms. Hogan Preusse, a 30-year REIT industry veteran, joined Digital Realty's Board of Directors as an independent director in May 2017. Prior to joining Digital Realty's Board, from 2000-2017, she served as Managing Director and co-head of Americas Real Estate at APG Asset Management, managing the firm's public real estate investments in North and South America. Before APG, Ms. Hogan Preusse spent eight years as a sell-side analyst covering the REIT sector and began her career as an investment banking analyst at Merrill Lynch.
Mr. Chapman joined Digital Realty's Board of Directors in 2004 and was appointed Chairman in 2017. During his tenure, he has successfully overseen the remarkable growth in Digital Realty's platform, including significant global expansion and the transformative mergers and acquisitions of Interxion, Ascenty and DuPont Fabros.
About Digital Realty
Digital Realty supports the world's leading enterprises and service providers by delivering the full spectrum of data center, colocation and interconnection solutions. PlatformDIGITAL®, the company's global data center platform, provides customers a trusted foundation and proven Pervasive Datacenter Architecture (PDx™) solution methodology for scaling digital business and efficiently managing data gravity challenges. Digital Realty's global data center footprint gives customers access to the connected communities that matter to them with over 290 facilities in nearly 50 metros across 26 countries on six continents. For more information, please visit digitalrealty.com or follow us on LinkedIn and Twitter.
Investor Relations
Jordan Sadler / Jim Huseby
Digital Realty
+1 (737) 281-0101
InvestorRelations@digitalrealty.com
Media Contacts
Helen Bleasdale
Digital Realty
+1 (737) 267-6822
hcbleasdale@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 the timing of Ms. Hogan Preusse's appointment, growth of the company's platform and the anticipated speed of data growth. 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.
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SOURCE Digital Realty
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