CyrusOne Announces Chief Financial Officer Transition
Gregory R. Andrews has been named chief financial officer.
CyrusOne has announced that its chief financial officer and administrative officer, Kimberly H. Sheehy, will be leaving the company and will be succeeded by Gregory R. Andrews as chief financial officer. Andrews will join the company as an executive vice president on October 19, 2015, and will be appointed as chief financial officer following the filing of the company’s quarterly report on Form 10-Q for the quarter ended September 30, 2015. In order to assist with the transition of financial reporting responsibilities for the company, Sheehy will continue as an employee through December 31, 2015. Thereafter, Sheehy will serve as a consultant to the company in connection with the preparation of the company’s annual report on Form 10-K for the year ended December 31, 2015.
“We are extremely grateful to Kim for her contributions to CyrusOne over the past several years, including her outstanding leadership in developing the people, processes, financial systems and infrastructure necessary to not only support the company’s REIT conversion and initial public offering, but also its subsequent results as one of the best-performing REITs over the past ten quarters,” commented Gary Wojtaszek, president and chief executive officer of CyrusOne. “On a personal note, I will miss Kim’s friendship and counsel, and all of us here at CyrusOne certainly wish her the very best in her next endeavor.”
Andrews brings over 20 years of real estate experience and has previously held CFO and executive management positions with other publicly traded REITs and an investment advisory firm. Most recently, Andrews served as the chief financial officer of Ramco-Gershenson Properties Trust, a NYSE listed REIT, since 2010. From 2006 to 2009, Andrews was chief financial officer of Equity One, Inc., a NYSE listed REIT. From 1997 until 2006, Andrews was a Principal at Green Street Advisors, an independent equity research firm focused on REITs.
While at Green Street, Andrews received numerous accolades including being named as an All-Star Analyst by the Wall Street Journal. Andrews also worked within the commercial real estate and corporate divisions for Bank of America and First Interstate Bank. Andrews earned his MBA in Finance from the Anderson School of Management at the University of California, Los Angeles and his Bachelor of Arts in Architecture from Princeton University.
"We are extremely pleased to have Greg join the CyrusOne management team," said Wojtaszek. "Greg is a highly accomplished executive with significant REIT financial and operational expertise and I am confident that he will play an invaluable role in helping CyrusOne achieve its business objectives."
"I am very excited to join a management team that is so focused on generating value for stockholders, customers and employees," said Andrews. "I look forward to helping support and contribute to CyrusOne’s future growth and success."