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
Major Newsire & Press Release Distribution with Basic Starting at only $19 and Complete OTCBB / Financial Distribution only $89
Get Unlimited Organic Website Traffic to your Website
TheNFG.com now offers Organic Lead Generation & Traffic Solutions