Michael Millegan Joins CoreSite Realty Corporation’s Board of Directors
February 01 2021 - 5:05PM
Business Wire
CoreSite Realty Corporation (NYSE:COR) (the “Company” or
“CoreSite”), a premier provider of secure, reliable,
high-performance data center, cloud and interconnection solutions
in major U.S. metropolitan areas, today announced Michael Millegan,
founder and current Chief Executive Officer of Millegan Advisory
Group 3 LLC, has joined CoreSite’s board of directors as an
independent director effective February 1, 2021.
“Michael brings valuable global telecommunications experience as
well as noteworthy board experience, which will be a tremendous
asset to CoreSite,” said Robert Stuckey, Chairman of CoreSite’s
board of directors. “We are pleased to have Michael join CoreSite’s
board.”
Mr. Millegan is a current board member and member of the Audit
Committee and Finance Committee for Portland General Electric
Company, as well as a current board member and member of the
Compensation Committee and Nominating and Corporate Governance
Committee for Wireless Telecom Group.
Prior to founding Millegan Advisory Group 3 LLC, Mr. Millegan
served as President of Verizon Global Wholesale from 2007 to 2014
and in various other senior management positions during his career
at Verizon and GTE, where he last served as President of GTE
Wireless NW.
“I am delighted with the opportunity to work with CoreSite and
look forward to making contributions to CoreSite’s continued
success as a trusted partner of leading enterprises, network
operators and cloud providers who choose CoreSite’s
network-and-cloud-dense campuses to accelerate and future-proof
their digital transformation,” Mr. Millegan said.
CoreSite also announced that two of its board members, James A.
Attwood, Jr., and J. David Thompson, have elected not to stand for
reelection at the Company’s upcoming Annual Meeting of Stockholders
currently scheduled for May 19, 2021. Messrs. Attwood and Thompson
both have served as directors since the Company’s initial public
offering in September 2010.
“We would like to thank Jim and David for their valuable
leadership,” said Mr. Stuckey. “They have been excellent directors
and have made significant contributions to CoreSite’s success over
the past 10 and a half years.”
About CoreSite
CoreSite Realty Corporation (NYSE:COR) delivers secure,
reliable, high-performance data center, cloud and interconnection
solutions to a growing customer ecosystem across eight key North
American markets. More than 1,350 of the world’s leading
enterprises, network operators, cloud providers, and supporting
service providers choose CoreSite to connect, protect and optimize
their performance-sensitive data, applications and computing
workloads. Our scalable, flexible solutions and 460+ dedicated
employees consistently deliver unmatched data center options — all
of which leads to a best-in-class customer experience and lasting
relationships. For more information, visit www.CoreSite.com.
Forward Looking
Statements
This press release may contain forward-looking statements within
the meaning of the federal securities laws. Forward-looking
statements relate to expectations, beliefs, projections, future
plans and strategies, anticipated events or trends and similar
expressions concerning matters that are not historical facts. In
some cases, you can identify forward-looking statements by the use
of forward-looking terminology such as “believes,” “expects,”
“may,” “will,” “should,” “seeks,” “approximately,” “intends,”
“plans,” “pro forma,” “estimates” or “anticipates” or the negative
of these words and phrases or similar words or phrases that are
predictions of or indicate future events or trends and that do not
relate solely to historical matters. Forward-looking statements
involve known and unknown risks, uncertainties, assumptions and
contingencies, many of which are beyond CoreSite’s control that may
cause actual results to differ significantly from those expressed
in any forward-looking statement. These risks include, without
limitation: the geographic concentration of the Company’s data
centers in certain markets and any adverse developments in local
economic conditions or the level of supply of or demand for data
center space in these markets; fluctuations in interest rates and
increased operating costs; difficulties in identifying properties
to acquire and completing acquisitions; significant industry
competition, including indirect competition from cloud service
providers; failure to obtain necessary outside financing; the
ability to service existing debt; the failure to qualify or
maintain its status as a REIT; financial market fluctuations;
changes in real estate and zoning laws and increases in real
property tax rates; the effects on our business operations, demand
for our services and general economic conditions resulting from the
spread of the Novel Coronavirus (“COVID-19”) in our markets, as
well as orders, directives and legislative action by local, state
and federal governments in response to such spread of COVID-19; and
other factors affecting the real estate industry generally. All
forward-looking statements reflect the Company’s good faith
beliefs, assumptions and expectations, but they are not guarantees
of future performance. Furthermore, the Company disclaims any
obligation to publicly update or revise any forward-looking
statement to reflect changes in underlying assumptions or factors,
of new information, data or methods, future events or other
changes. For a further discussion of these and other factors that
could cause the Company’s future results to differ materially from
any forward-looking statements, see the section entitled “Risk
Factors” in its most recent annual report on Form 10-K, and other
risks described in documents subsequently filed by the Company from
time to time with the Securities and Exchange Commission.
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version on businesswire.com: https://www.businesswire.com/news/home/20210201005945/en/
CoreSite Contact Kate Ruppe
Investor Relations 303-222-7369 InvestorRelations@CoreSite.com
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