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Digital Realty names new CFO, appoints COO

Staff writer |
San Francisco, Ca., USA - April 17, 2015, San Francisco, Ca., USA - Digital Realty Trust, Inc., a provider of data center and colocation solutions, announced that Andrew Power has been named CFO and Jarrett Appleby chief operating officer.

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Mr. Power will become Chief Financial Officer, a position which has been held by A. William Stein since 2004. Mr. Power joins Digital Realty following a successful 13-year career in investment banking.

He currently serves as Managing Director of the Real Estate, Gaming & Lodging Group at Bank of America Merrill Lynch, where he is responsible for relationships with over 40 public and private companies, including Digital Realty.

Prior to Bank of America Merrill Lynch, Mr. Power was employed by Citigroup, where he held similar positions. During Mr. Power's career, he has managed the execution of public and private capital raises, including the largest REIT IPO to date.

Mr. Power was part of the lead underwriting team that advised Digital Realty on its initial public offering in 2004 and has served as a lead manager on nearly every subsequent public capital raise.

Mr. Appleby has deep experience in the data center business, having previously served as Chief Operating Officer at CoreSite Realty and Chief Marketing Officer at Equinix. He was the first COO at CoreSite, where he played a key role in overseeing significant and sustained FFO growth while leading product development and customer experience strategies.

Mr. Appleby was also instrumental in developing Equinix's go-to-market strategy. He currently serves as founder and CEO of the Appleby Group, an independent consultancy firm that advises leading private equity and technology companies.

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