Digital Realty Trust, Inc. announced that its Board of Directors has appointed current President and Chief Financial Officer (CFO), Andrew P. Power, as its Chief Executive Officer (CEO), effective immediately. CEO A. William Stein has departed from his role as CEO and resigned from the Board of Directors. Mr. Stein will remain with the Company through year end.

Mr. 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.

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.