8-KLeadership Changes

DIGITAL REALTY TRUST, INC. 8-K Report, Executive Changes (Mar 10, 2023)

Filed March 10, 2023For Securities:DLRDLR-PJDLR-PKDLR-PL

Summary

Digital Realty Trust, Inc. (DLR) has filed an 8-K reporting the resignation of its Chief Accounting Officer, Camilla Harris, effective March 17, 2023. Ms. Harris is leaving to take on a Chief Financial Officer role at another company. Importantly, her departure is stated to be amicable and not due to any disagreements with the company or its board, nor related to any operational issues. In response to this departure, Peter Olson, the current Global Controller, will step into the role of interim Chief Accounting Officer starting March 17, 2023. Mr. Olson has a strong background within Digital Realty, having served as Global Controller since July 2022 and previously as Vice President of Accounting since 2014. His prior experience includes roles as Chief Accounting Officer at BRE Properties and at Ernst & Young (EY), along with relevant certifications. This interim appointment provides continuity in financial oversight.

Key Highlights

  • 1Chief Accounting Officer Camilla Harris to resign effective March 17, 2023.
  • 2Ms. Harris's resignation is not due to any disagreements or operational issues.
  • 3Peter Olson, Global Controller, appointed as interim Chief Accounting Officer.
  • 4Mr. Olson has extensive experience within Digital Realty and prior accounting leadership roles.
  • 5The company is ensuring continuity in its accounting leadership during this transition.

Frequently Asked Questions

The Chief Accounting Officer, Camilla Harris, is resigning to accept a Chief Financial Officer position at a different company. Her resignation is confirmed to be amicable and not the result of any disagreements or issues with Digital Realty Trust, Inc.

Peter Olson, the current Global Controller, will serve as the interim Chief Accounting Officer, effective March 17, 2023.

Peter Olson has significant experience at Digital Realty, serving as Global Controller since July 2022 and previously as Vice President of Accounting since 2014. He also has prior experience as Chief Accounting Officer at BRE Properties and with Ernst & Young (EY). He is a Certified Public Accountant.

The filing explicitly states that Ms. Harris's resignation is not a result of any disagreement with the Company or its Board of Directors, or any matter relating to the Company’s operations, policies or practices. This suggests the departure is a career move and not indicative of financial reporting issues.