Digital Realty boosts executive team with two new appointments

Digital Realty boosts executive team with two new appointments

Names new CFO and COO

Digital Realty's Melbourne Datacentre

Digital Realty's Melbourne Datacentre

Datacentre operator, Digital Realty, has made two new appointments to its executive team by naming a new chief financial officer and chief operating officer.

Andrew Power has been named chief financial officer (CFO) while Jarrett Appleby has been appointed chief operating officer (COO).

Digital realty chief executive officer, A. William Stein, said that since taking up the reigns as permanent CEO last year, he had taken a number of steps to strengthen the firm’s executive team.

“With the addition of Andy, Jarrett, and our new chief information officer (CIO), Michael Henry, to our existing senior leadership team, I am confident that Digital has the right team to serve our customers, support our growth, and deliver the returns that our shareholders expect both now and in the years to come."

Power will step into the CFO role, a position which has been held by Stein since 2004. He will be responsible for the company's financial functions and will lead financial reporting, capital markets, tax, investor relations and financial planning and analysis.

Power joins Digital Realty following a 13-year career in investment banking. He currently serves as managing director of the real estate, gaming and lodging group at Bank of America Merrill Lynch. In this role he was responsible for managing relationships with many firms including Digital Reality.

"We have known and worked with Andy for more than a decade,” Stein said.

“He has an outstanding reputation within the financial community, extensive capital markets expertise and a deep understanding of our business, making him an excellent addition to our senior leadership team.”

Power said he looked forward to joining Digital Realty especially considering the long and successful relationship he has with the company.

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Appleby joins Digital Realty in the newly-created position of Chief Operating Officer. In this role, he will be responsible for property and technical operations; design and construction; Europe, Middle East and Asia (EMEA) and Asia Pacific (APAC) operations; product management and corporate strategy.

Stein said the addition of a dedicated COO will provide more focused leadership and ensure alignment between corporate strategy and operations.

Appleby previously served as COO at CoreSite Realty and chief marketing officer (CMO) at Equinix. He currently serves as founder and CEO of the Appleby Group, an independent consultancy firm that advises leading private equity and technology companies.

Appleby will join Digital Realty on April 20. Power will join shortly upon completion of his remaining obligations at Bank of America Merrill Lynch. Both will be based at Digital Realty's corporate headquarters in San Francisco and will report directly to Stein.

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Tags CEOCFOCOOBank of America Merrill LynchDigital RealtyDigital realty chief executive officerJarrett ApplebyMichael HenryA. William SteinAndrew Powerappiontments

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