Digital Realty has announced the pending departures of chief investment officer Scott Peterson and senior vice president of global sales & marketing Dan Papes. Peterson will step down effective May 31, 2018 and will assist with the transition process on a consulting arrangement through February 2019. His direct reports will report to chief executive officer A. William Stein in the interim while the company identifies a new leader. Papes has agreed to remain in his role through June 30, 2018 to ensure an orderly transition of his responsibilities while the company identifies a new leader for the global sales and marketing functions, which will permanently report to chief financial officer Andrew P. Power going forward.
"Scott was one of Digital Realty's co-founders, and he has played a key role in executing the strategic acquisitions which have fueled the tremendous growth of our global platform and set the stage for our continued momentum," said Stein. "While we will certainly miss his keen intellect and his quick wit, we wish Scott all the best in his next chapter, and we thank him for his many contributions to Digital Realty — certainly not least the strong team he leaves behind."
"I would also like to thank Dan for his outstanding work leading our sales and marketing efforts," continued Stein. "In addition to overseeing robust bookings growth, Dan has built a world-class sales and marketing team, and we are confident in the team's ability to drive continued excellent results through the effective model we have deployed while we identify a new leader for our global sales and marketing functions. We appreciate Dan's continuing support of Digital Realty, and we are pleased he has agreed to assist with the transition and remain with the company through the end of the second quarter."