Business News
Digital Realty Trust Promotes Jim Smith to Chief Technology Officer
2008-08-18 08:00:00
In CTO Role, Smith Will Lead Digital Realty Trust's Use of Datacenter Infrastructure Technology SAN FRANCISCO, Aug. 18 /EMWNews/ -- Digital Realty Trust, Inc. (NYSE: DLR), the leading owner and manager of corporate and Internet gateway datacenters, has promoted Jim Smith to the role of Chief Technology Officer (CTO). Mr. Smith has served as the Company's Vice President of Engineering. As the first person to hold the title of CTO at Digital Realty Trust, he will take the lead role in directing Digital Realty Trust's implementation of datacenter technologies. "Jim's work has had a profound impact on the way we design and operate all of our facilities, and this promotion to CTO will allow him to play an even greater role in how we utilize technology to drive increasing value for our customers by reducing costs, increasing operating efficiencies, and developing Green operating environments," said Michael F. Foust, CEO of Digital Realty Trust. "He was recently recognized as one of the top technologists in the industry by InfoWorld, and we are proud to call him our own. Digital Realty Trust is changing the face of the datacenter industry, and he is a big part of our success story." Last month, Mr. Smith was recognized in InfoWorld's Top 25 Chief Technology Officers for 2008, a list of the top technologists in the IT industry. InfoWorld's profile of Mr. Smith put a spotlight on his role leading Digital Realty Trust's green datacenter initiatives and his extensive industry education efforts to broaden adoption of green best practices. Digital Realty Trust has achieved a number of industry firsts for green datacenters, including building the first LEED Gold datacenter, being the first company to report PUE energy efficiency data about its datacenter facilities, being the first real estate company to become a Contributor Member of The Green Grid, and being the first company to adopt a number of other green best practices across its global portfolio of datacenter facilities. As Vice President of Engineering, Mr. Smith was responsible for all datacenter development projects, spearheaded the Company's efficiency and green datacenter strategy, and managed power procurement and energy management. In the past three years, Mr. Smith and the Digital Realty Trust team have delivered more than 100,000 kW (100 MW) of UPS capacity on over 40 datacenter projects in North America and Europe -- including the industry's first LEED Gold certified Datacenter. Mr. Smith has a BSc in Chemistry from Fort Lewis College and an MBA from London Business School.
About Digital Realty Trust, Inc. Digital Realty Trust, Inc. owns, acquires, redevelops, develops and manages technology-related real estate. The Company is focused on providing Turn-Key Datacenter(TM) and Powered Base Building(TM) datacenter solutions for domestic and international tenants across a variety of industry verticals ranging from information technology and internet enterprises, to manufacturing and financial services. Digital Realty Trust's 74 properties, excluding one property held as an investment in an unconsolidated joint venture, contain applications and operations critical to the day-to-day operations of technology industry tenants and corporate enterprise datacenter tenants. Comprising approximately 12.9 million rentable square feet as of August 6, 2008, including 1.9 million square feet of space held for redevelopment, Digital Realty Trust's portfolio is located in 27 markets throughout North America and Europe. 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. These risks and uncertainties include adverse economic or real estate developments in the Company's markets or the technology industry; general economic conditions or recession; construction and development delays, termination of leases by tenants; increased interest rates and operating costs; inability to manage domestic; failure to obtain necessary outside financing; decreased rental rates or increased vacancy rates; difficulties in identifying properties to acquire and completing acquisitions at acceptable return levels; failure to successfully operate acquired properties and operations; failure of acquired properties to perform as expected; failure to successfully redevelop properties acquired for such purposes or unexpected costs related thereto; failure to maintain the Company's status as a REIT; environmental uncertainties and risks related to natural disasters; financial market fluctuations; changes in foreign currency exchange rates; risks of operating in foreign markets; 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, or SEC, including the Company's annual report on Form 10-K for the year ended December 31, 2007 and the Company's quarterly reports on Form 10-Q for the quarters ended March 31, 2008 and June 30, 2008. 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 A. Matthews Chief Financial Officer Investor/Analyst Information and Chief Investment Officer Digital Realty Trust, Inc. +1 415-738-6500 +1 415-738-6500 Chris Crosby Sales & Technical Services Digital Realty Trust, Inc. +1 214-231-1350
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