Digital Realty Appoints A. William Stein Chief Executive Officer
Stein previously served as CFO and CIO of the company.
Digital Realty Trust, Inc. has announced that its board of directors has appointed A. William Stein as chief executive officer and to the board of directors, effective immediately. Stein has been serving as interim CEO since March 2014 and has served as the company's Chief Financial Officer since July 2004, as well as its Chief Investment Officer from 2004 until April 2014.
On behalf of Digital Realty's board, chairman Dennis Singleton stated, "I am pleased to announce that after a thorough and deliberative search process, the board has unanimously chosen Bill Stein as Digital Realty's next CEO. Bill meets all the criteria we looked for in a new CEO, bringing a deep understanding of data centers, real estate and the broader technology landscape based on his 30 years of financial, investment and operational experience. As interim CEO, Bill has created impressive momentum in the business and made great strides in strengthening Digital Realty's operating and financial performance. His leadership capabilities are clearly evidenced by the improvement in return on invested capital since he took the helm as interim CEO in March 2014. Bill has a clear strategic vision for the company's future, a strong track record of sound financial stewardship and a big picture understanding of the future of our industry. With this appointment, the board looks forward to working with Bill to build on our recent momentum, and to help guide Digital Realty to the next level and scale of operational sophistication."