Digital Realty Trust, Inc. has announced that its Portfolio Management division will be realigned under the company's Investment group, led by chief investment officer Scott Peterson, effective immediately.
"Consolidating the Portfolio Management organization under the Investment function extends our strategy of enhancing the efficiency of the capital allocation decision-making process, in addition to making the best use of our talent and resources," commented A. William Stein, Digital Realty's chief executive officer and chief financial officer. "I am confident that under Scott's leadership, our portfolio management responsibilities will be even better aligned with our long-term investment strategy."
The company also announced that David Caron, currently senior vice president of Portfolio Management, will be stepping down from his role, effective March 13, 2015. In the meantime, he will work with Peterson to ensure a smooth transition of responsibilities. Following this initial transition period, Caron will serve as a consultant to the company.
Stein added, "On behalf of the Board and senior management team, I would like to thank Dave for his many years of service to Digital Realty, and we wish him the very best in his future endeavors."