MEDIA RELEASE PR39620
Digital Realty Trust Appoints Kris Kumar as Regional Head, Asia Pacific
SAN FRANCISCO, May 19 /PRNewswire-AsiaNet/ --
Digital Realty Trust, Inc. (NYSE: DLR), the world's largest wholesale datacenter
provider, announced today that Kris Kumar has joined the Company as Regional Head,
Asia Pacific, a new position at Digital Realty Trust. Mr. Kumar will be based in
Singapore and responsible for corporate activities in Asia and the Pacific Rim,
including Australia, Singapore, Hong Kong and India. Mr. Kumar will be overseeing
several initiatives, such as developing relationships with partners and new customers
in the region, identifying strategic investment opportunities, and coordinating
operations.
"Bringing Kris on board in this new position is a reflection of our strategic
commitment to the Pacific Rim and India. His technical expertise in datacenters and
his in-depth understanding of the datacenter markets in these regions make him a
great addition to our team. We are very pleased to welcome Kris to the Company," said
Michael F. Foust, CEO of Digital Realty Trust. "Singapore, Hong Kong, Australia and
the tech centers in India are strong emerging markets for wholesale datacenter space.
Kris's deep customer relationships and technical expertise will be a tremendous asset
to Digital Realty Trust as we build a strong foundation for our future growth in the
region."
Kris Kumar comes to Digital Realty Trust with 28 years of experience in the
IT/data center infrastructure, property and marine industries. Immediately prior to
joining the Company, Mr. Kumar was the president and co-founder of a specialized
consulting and project implementation business that conceptualized, business-planned
and delivered facilities and move-in ready data center projects for major corporate
enterprises and international telecom and IT companies across the Asia-Pacific
region. Mr. Kumar also served as a Marine Engineer in the Indian, British and
American Merchant Navy for 10 years. As a Chief Engineer he developed his extensive
experience and expertise in critical engineering systems, planning and design
engineering for uptime and reliability as well as maintenance systems, processes and
procedures. He earned a Bachelor's degree in Marine Engineering (Distinction) and a
Postgraduate degree in Facilities Management & Finance from Sydney University.
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(R) and Powered Base Building(R) 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 85 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 15.1 million rentable square feet as of
May 10, 2010, 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
Turn-Key Datacenter, Powered Base Building and POD Architecture are registered
trademarks of Digital Realty Trust.
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 initiatives in the Asia Pacific region. These risks and uncertainties
include, among others, the following: the impact of the recent deterioration in
global economic, credit and market conditions; current local economic conditions in
our geographic markets; decreases in information technology spending, including as a
result of economic slowdowns or recession; 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); our dependence
upon significant tenants; bankruptcy or insolvency of a major tenant or a significant
number of smaller tenants; defaults on or non-renewal of leases by tenants; our
failure to obtain necessary debt and equity financing; increased interest rates and
operating costs; our failure to repay debt when due or our breach of covenants or
other terms contained in our loan facilities and agreements; financial market
fluctuations; changes in foreign currency exchange rates; our ability to manage our
growth effectively; difficulty acquiring or operating properties in foreign
jurisdictions; our failure to successfully operate acquired or redeveloped
properties; risks related to joint venture investments, including as a result of our
lack of control of such investments; delays or unexpected costs in development or
redevelopment of properties; decreased rental rates or increased vacancy rates;
increased competition or available supply of data center space; our inability to
successfully develop and lease new properties and space held for redevelopment;
difficulties in identifying properties to acquire and completing acquisitions; our
inability to acquire off-market properties; our inability to comply with the rules
and regulations applicable to public companies; our failure to maintain our status as
a REIT; potential adverse changes to tax laws; restrictions on our ability to engage
in certain business activities; environmental uncertainties and risks related to
natural disasters; changes in foreign laws and regulations, including those related
to taxation and real estate ownership and operation; 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 U.S. Securities and Exchange Commission, including the Company's
Annual Report on Form 10-K for the year ended December 31, 2009 and the Company's
Quarterly Report on Form 10-Q for the quarter ended March 31, 2010. 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
Chief Financial Officer and
Chief Investment Officer
Digital Realty Trust, Inc.
+1-415-738-6500
Pamela A. Matthews
Director of Investor Relations
Digital Realty Trust, Inc.
+1-415-738-6500
Bernard Geoghegan
SVP, International Operations
Digital Realty Trust, Inc.
+353-1-245-0650
SOURCE: Digital Realty Trust, Inc.
CONTACT: A. William Stein,
Chief Financial Officer and Chief Investment Officer,
or Pamela A. Matthews,
Director of Investor Relations,
both at +1-415-738-6500,
or Bernard Geoghegan,
SVP,
International Operations,
+353-1-245-0650,
all of Digital Realty Trust, Inc.
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