DALLAS--(BUSINESS WIRE)--CyrusOne Inc. (NASDAQ: CONE), a premier global data center REIT, today announced that CyrusOne’s Board of Directors has elected Bruce W. Duncan as President & Chief Executive Officer and as a member of the Board of Directors, effective July 6, 2020. Mr. Duncan succeeds Tesh Durvasula, who has served as CyrusOne’s interim President & Chief Executive Officer since February 20, 2020. Mr. Durvasula will work with Mr. Duncan to ensure a smooth leadership transition.
Alex Shumate, Chairman of the CyrusOne Board, said, “Bruce is a proven real estate executive with decades of experience as a REIT CEO and public company director. We are confident that Bruce is the right person to lead the Company in our strategic execution, continued growth, and international expansion.”
Mr. Duncan has more than 40 years of diverse real estate management, development, and global investment experience across numerous property types. He has had an extraordinary and successful track record as CEO and Director of multiple public companies: Cadillac Fairview Corporation, Equity Residential, Starwood Hotels & Resorts Worldwide, Inc., and First Industrial Realty Trust, Inc. He currently serves as Chair of the Board of First Industrial Realty Trust, Inc. and serves on the Boards of Marriott International Inc. and Boston Properties, Inc.
Mr. Duncan said, “I am excited to join CyrusOne, one of the top performing REITs since its inception, to help lead the Company’s global expansion and deepen our partnerships with an incredible roster of customers. CyrusOne is an industry leader because of an extraordinary team of professionals who are passionate about developing innovative solutions to support the significant demand for data center infrastructure. I look forward to joining the Company and being a part of its continued success.”
Mr. Shumate continued, “On behalf of the entire Board, I would like to thank and recognize Tesh for his contributions over the last eight years, including his recent leadership as interim President & Chief Executive Officer. We were fortunate to have an executive of Tesh’s caliber step up, particularly during these challenging times. We wish Tesh the best of luck in his future endeavors.”
Mr. Durvasula added, “It has been my privilege to lead CyrusOne, and I am proud of our accomplishments, especially in the way our team rallied together during these last few eventful months. CyrusOne has a tremendous track record, and I have no doubt that the Company will continue to succeed and reach new heights in the years ahead.”
About CyrusOne
CyrusOne (NASDAQ: CONE) is a real estate investment trust (REIT) specializing in highly reliable enterprise-class, carrier-neutral data center properties. The Company provides mission-critical data center facilities that protect and ensure the continued operation of IT infrastructure for approximately 1,000 customers, including more than 200 Fortune 1000 companies.
With a track record of meeting and surpassing the aggressive speed-to-market demands of hyperscale cloud providers, as well as the expanding IT infrastructure requirements of the enterprise, CyrusOne provides the flexibility, reliability, security, and connectivity that foster business growth. CyrusOne offers a tailored, customer service-focused platform and is committed to full transparency in communication, management, and service delivery throughout its nearly 50 data centers worldwide. Additional information about CyrusOne can be found at www.CyrusOne.com.
