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CyrusOne Inc. CONE, -3.83%, a arch all-around abstracts centermost REIT, today appear that the Company’s Board of Directors has appointed Tesh Durvasula as President & Chief Executive Officer. This arrangement follows Gary Wojtaszek dispatch bottomward as President & Chief Executive Officer, and as a administrator of the Company, by alternate acceding with the Board able aloft the filing of the Company’s Form 10-K for the budgetary year concluded December 31, 2019. Mr. Wojtaszek will accommodate alteration assistance.
Mr. Durvasula will serve as the Company’s President & CEO on an acting base while the Board undertakes a chase to analyze the Company’s abutting CEO, which will accommodate application of Mr. Durvasula as able-bodied as alien candidates.
Alex Shumate, Chairman of the CyrusOne Board, said, “On account of the absolute Board, I would like to acknowledge and admit Gary Wojtaszek for his able administration and eyes that has enabled CyrusOne to become one of the better and best acknowledged abstracts centermost companies in the world. Under Gary’s leadership, the aggregation has developed to about $1 billion in revenue, broadcast into Europe, Asia and Latin America, able an advance brand acclaim rating, and had a banal amount that outperformed its accessible abstracts centermost peers, as able-bodied as both the RMZ and S&P 500 indexes, back the Company’s IPO in January 2013.”
Mr. Shumate continued, “Tesh is an industry adept with over 20 years of acquaintance in cilia optics, alternation and abstracts centers. During his added than 7 years at CyrusOne, including confined as Chief Commercial Officer and his best contempo role as President of Europe, Tesh has approved that he is a able and activating baton who is chump focused and knows our business well. He has formed carefully with our teams beyond the aggregation to assassinate our action and bear results. We are assured that Tesh’s acquaintance positions him able-bodied to advance the Aggregation as our CEO during this transition.”
Mr. Durvasula said, “I apperceive that I allege for anybody at CyrusOne in thanking Gary for his able administration and vision. Over the years, Gary has helped actualize a able aggregation ability at CyrusOne focused on able chump account and carrying actor value, which will abide unchanged.”
Mr. Wojtaszek added, “It has been a amazing adventure and advantage to serve as the CEO and a Board affiliate of CyrusOne back its IPO and aftereffect from Cincinnati Bell. From allowance booty the aggregation public, to accretion across and arising as one of the top abstracts centermost companies in the world, I am abundantly appreciative of what we accept able and the ability we accept created. I accept in the mission of CyrusOne, I accept aplomb in Tesh and the team, and attending advanced to seeing the aggregation abide to accomplish and expand.”
4Q’19 Banking After-effects
In a abstracted columnist absolution issued yesterday, CyrusOne appear its banking after-effects for the fourth division and abounding year 2019. CyrusOne will host a appointment alarm and alive webcast at 11:00 am Eastern Time (10:00 am Central Time) today to altercate its banking results. The alive webcast and a epitomize will be accessible on the CyrusOne website at https://investor.cyrusone.com/events-and-presentations.
Safe Anchorage Note
This absolution contains advanced statements aural the acceptation of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The Aggregation intends such advanced statements to be covered by the safe anchorage accoutrement for advanced statements independent in the Private Securities Litigation Reform Act of 1995 and includes this account for purposes of acknowledging with these safe anchorage provisions. All statements, added than statements of absolute facts, are statements that could be accounted advanced statements. These statements are based on accepted expectations, estimates, forecasts, and projections about the industries in which the Aggregation operates and the behavior and assumptions of the Company’s management. Words such as “expects,” “anticipates,” “predicts,” “projects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “continues,” “endeavors,” “strives,” “may,” variations of such words and agnate expressions are advised to analyze such advanced statements. In addition, any statements that accredit to projections of the Company’s approaching banking performance, the Company’s advancing growth, and trends in the Company’s businesses, and added characterizations of approaching contest or affairs are advanced statements. Readers are cautioned these advanced statements are based on accepted expectations and assumptions that are accountable to risks and uncertainties, which could account the Company’s absolute after-effects to alter materially and abnormally from those reflected in the advanced statements. Factors that could account or accord to such differences include, but are not bound to, those discussed in this absolution and those discussed in added abstracts the Aggregation files with the Securities and Exchange Commission (the “SEC”). Added advice on abeyant risks and uncertainties is accessible in the Company’s contempo filings with the SEC, including the Company’s Form 10-K report, Form 10-Q reports, and Form 8-K reports. The Aggregation disclaims any obligation added than as appropriate by law to about amend or alter any advanced account to reflect changes in basal assumptions or factors or for new information, abstracts or methods, approaching contest or added changes.
CyrusOne CONE, -3.83% is a absolute acreage advance assurance (REIT) specializing in awful reliable enterprise-class, carrier-neutral abstracts centermost properties. The Aggregation provides mission-critical abstracts centermost accessories that assure and ensure the connected operation of IT basement for about 1,000 customers, including added than 200 Fortune 1000 companies.
With a clue almanac of affair and before the advancing speed-to-market demands of hyperscale billow providers, as able-bodied as the accretion IT basement requirements of the enterprise, CyrusOne provides the flexibility, reliability, security, and connectivity that advance business growth. CyrusOne offers a tailored, chump service-focused belvedere and is committed to abounding accuracy in communication, management, and account commitment throughout its about 50 abstracts centers worldwide. Additional advice about CyrusOne can be begin at www.CyrusOne.com.
View antecedent adaptation on businesswire.com: https://www.businesswire.com/news/home/20200220005532/en/
SOURCE: CyrusOne Inc.
Michael Schafer 972-350-0060 firstname.lastname@example.org
Copyright Business Wire 2020
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