Digital Realty Trust (DLR) Terminates Chief Revenue Officer – C-Suite Transitions

This appears to be REIT week at InsideArbitrage. Yesterday we wrote about a buyback at a medical office building REIT Healthcare Realty Trust (HR) that we felt optimistic about and today we are going to discuss a data center REIT that saw a sudden departure of its Chief Revenue Officer after it cut its full-year revenue guidance.

Welcome to edition 44 of C-Suite Transitions, a weekly series on InsideArbitrage that tracks appointments and departures at publicly traded companies during the prior week. We highlight five appointments and departures each week by picking the largest companies from the full list of management changes.

Sudden Departures

1. GOCO: On June 6, 2023, GoHealth announced Chief Strategy Officer Shane Cruz resigns effective June 30, 2023.
2. SLGC: On June 6, 2023, SomaLogic announced Chief Financial Officer Shaun Blakeman resigns effective June 5, 2023.
3. DRCT: On June 5, 2023, Direct Digital announced that Susan Echard Chief Financial Officer, resigns effective immediately.

Digital Realty Trust (DLR) Terminates Chief Revenue Officer Corey Dyer

Founded in 2004, Digital Realty Trust, a data center real estate investment trust (REIT), offers colocation and interconnection services. It has over 310+ data centers across 25+ countries. Its most notable clients include Meta, Verizon, IBM, AT&T, JPMorgan, LinkedIn, Oracle, and Comcast. Digital Realty also rents out full data center shells to other operators in addition to providing corporations with space in its facilities to house their networking and storage equipment.

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