SAN FRANCISCO, May 6, 2019 /PRNewswire/ -- Digital Realty
(NYSE: DLR), a leading global provider of data center, colocation
and interconnection solutions, announced today that Chief Executive
Officer A. William Stein and
Executive Vice President, Operations, Erich
Sanchack have been recognized by the Northern Virginia
Technology Council (NVTC) for their achievements in business and
leadership in community engagement, and leadership in business
development at the Virginia Data Center Awards event in
Leesburg, Virginia.
Mr. Stein was honored with NVTCs "Data Center Industry
Icon" award for his visionary leadership in transforming
Digital Realty and pioneering the data center industry, and in
turn, the northern Virginia and
U.S. economies. Digital Realty's enterprise value has nearly
tripled since Mr. Stein's appointment as Chief Executive Officer in
2014, and he has led a significant expansion of the company's
global reach across Europe,
Latin America and the Asia Pacific region.
The NVTC honored Erich Sanchack
with the "Data Center Community Champion" award for his role
in spearheading Digital Realty's community initiatives and driving
the company's positive community impact, specifically within the
local Virginia communities where
Digital Realty operates. In the last year alone, Digital
Realty employees co-hosted a donation drive for the Loudoun Abused
Women's Shelter, packaged 10,000 meals at the Dulles Expo Center
for victims of natural disasters and food insecurity, raised more
than $62,000 by participating in the
American Heart Association's "Heart Walk" in Ashburn, and collected 355 pounds of food for
Loudoun Hunger Relief.
"These awards and honors reflect both the tremendous evolution
of Digital Realty as a business and community leader, and the
valuable role that our team has played in driving our
transformation and success to date," said Mr. Stein. "While
these are individual recognitions, they speak volumes to the
incredible team behind us, without whom we would not be able to
make such a positive impact within our organization and on the
growing number of communities where we work."
More than 300 industry executives, economic development
professionals and state elected officials attended the sold-out
event to discuss a strong workforce pipeline and other key factors
in maintaining Virginia's
competitiveness in the industry and to recognize individuals and
projects that represent excellence in areas of sustainability,
construction, advocacy and community engagement and
support.
About Digital Realty
Digital Realty supports the data
center, colocation and interconnection strategies of more than
2,300 firms across its secure, network-rich portfolio of data
centers located throughout North
America, Europe,
Latin America, Asia, Australia and South America. Digital
Realty's clients include domestic and international companies of
all sizes, ranging from cloud and information technology services,
communications and social networking to financial services,
manufacturing, energy, healthcare and consumer products.
www.digitalrealty.com. Follow Digital Realty on social
media: LinkedIn, Twitter, Facebook, Instagram and Youtube.
For Additional Information
Andrew P. Power
Chief Financial Officer
Digital Realty
(415) 738-6500
Investor Relations
John J.
Stewart
Digital Realty
(415) 738-6500
investorrelations@digitalrealty.com
Media Inquiries
John
Christiansen / Scott
Lindlaw
Sard Verbinnen & Co.
(415) 618-8750
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 our organization and community
involvement. These risks and uncertainties include, among
others, the following: reduced demand for data centers or decreases
in information technology spending; decreased rental rates,
increased operating costs or increased vacancy rates; increased
competition or available supply of data center space; the
suitability of our data centers and data center infrastructure,
delays or disruptions in connectivity or availability of power, or
failures or breaches of our physical and information security
infrastructure or services; our dependence upon significant
customers, bankruptcy or insolvency of a major customer or a
significant number of smaller customers, or defaults on or
non-renewal of leases by customers; breaches of our obligations or
restrictions under our contracts with our customers; our inability
to successfully develop and lease new properties and development
space, and delays or unexpected costs in development of properties;
the impact of current global and local economic, credit and market
conditions; our inability to retain data center space that we lease
or sublease from third parties; difficulty acquiring or operating
properties in foreign jurisdictions; our failure to realize the
intended benefits from, or disruptions to our plans and operations
or unknown or contingent liabilities related to, our recent
acquisitions; our failure to successfully integrate and operate
acquired or developed properties or businesses; difficulties in
identifying properties to acquire and completing acquisitions;
risks related to joint venture investments, including as a result
of our lack of control of such investments; risks associated with
using debt to fund our business activities, including re-financing
and interest rate risks, our failure to repay debt when due,
adverse changes in our credit ratings or our breach of covenants or
other terms contained in our loan facilities and agreements; our
failure to obtain necessary debt and equity financing, and our
dependence on external sources of capital; financial market
fluctuations and changes in foreign currency exchange rates;
adverse economic or real estate developments in our industry or the
industry sectors that we sell to, including risks relating to
decreasing real estate valuations and impairment charges and
goodwill and other intangible asset impairment charges; our
inability to manage our growth effectively; losses in excess of our
insurance coverage; environmental liabilities and risks related to
natural disasters; our inability to comply with rules and
regulations applicable to our company; our failure to maintain our
status as a REIT for federal income tax purposes; our operating
partnership's failure to qualify as a partnership for federal
income tax purposes; restrictions on our ability to engage in
certain business activities; and changes in local, state, federal
and international laws and regulations, including related to
taxation, 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 U.S. Securities and Exchange Commission,
including the company's Annual Report on Form 10-K for the year
ended December 31, 2018. 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