Digital Realty appointed Andrew P. Power as its Chief Executive Officer, replacing William Stein who has departed from his role as CEO and resigned from the Board of Directors.
Power has served as President of Digital Realty since November 2021 and as the Company’s CFO since 2015, with responsibility for global portfolio operations, technology development and innovation, service provider and enterprise customer solutions, asset management and information technology as well as the Company’s financial functions across Digital Realty’s global platform. Prior to joining Digital Realty, Mr. Power held positions of increasing responsibility in investment banking, having most recently served as Managing Director at Bank of America Merrill Lynch. Mr. Power was also a member of the lead underwriting team that advised Digital Realty on its initial public offering in 2004.
“I am honored to be named Digital Realty’s CEO, and I want to thank Bill for all that he has contributed to Digital Realty and for nearly two decades of partnership,” said Mr. Power. “I am grateful for the opportunity to lead this irreplaceable platform and our enormously talented and driven colleagues into the future. As CEO, I look forward to meeting the needs of our growing customer base and supporting our dedicated employees as we deliver on our strategic priorities, strengthen our value proposition and improve the core growth of our portfolio.”
Mr. Power will remain President of Digital Realty and will continue to serve as CFO, with plans to announce a permanent successor in early 2023.