CyrusOne Announces Election of Katherine Motlagh as Executive Vice President and Chief Financial Officer
09 October 2020 - 7:01AM
Business Wire
CyrusOne Inc. (NASDAQ: CONE), a premier global data center REIT,
today announced that the Company’s Board of Directors has elected
Katherine Motlagh as Executive Vice President and Chief Financial
Officer. Effective October 30, 2020, Ms. Motlagh will succeed Diane
Morefield, who announced her retirement earlier this year. Ms.
Morefield will work with Ms. Motlagh to ensure a seamless
transition, remaining full time with the Company until December 31,
and then part time through March 1, 2021.
“We are excited to have Katherine Motlagh join the CyrusOne
leadership team. Katherine has an impressive track record as a CFO
and brings the ideal experience at leading international real
estate and technology companies. I am looking forward to working
alongside her as we continue to grow CyrusOne globally,” said Bruce
W. Duncan, President and Chief Executive Officer of CyrusOne. “On
behalf of the entire Board, I would like to thank Diane Morefield
for her stellar leadership and invaluable counsel, and I wish her
all the best in her retirement.”
Ms. Motlagh has more than 25 years of experience in financial
leadership and public accounting roles. She is currently Chief
Financial Officer for the Europe, Africa and Latin America regions
at American Tower Corporation, a global infrastructure REIT which
develops, owns, and operates multitenant communications real
estate. In her role, Ms. Motlagh is responsible for providing
strategic leadership and oversight of finance activities, periodic
financial planning, reporting and analysis and management of
operational finance and accounting functions, tax planning and
internal controls and compliance for international businesses in 18
countries.
Before joining American Tower in 2015, Ms. Motlagh served as
Customer Unit CFO at Ericsson, Inc. and as Divisional CFO/Senior
Business Controller at Nokia, Inc. Ms. Motlagh has also held a
variety of finance and accounting leadership roles at Nextel
Communications, Inc., AmerisourceBergen Corporation and Coopers
& Lybrand, L.L.P. (now PricewaterhouseCoopers, LLP). Ms.
Motlagh is both a licensed Certified Public Accountant and a
Certified Management Accountant.
Ms. Motlagh commented, “CyrusOne is well-positioned to grow and
create significant shareholder value as the third largest public
data center REIT, and I am excited to join the team in the critical
CFO role. I look forward to partnering with Bruce and the entire
CyrusOne team. CyrusOne sits at the nexus of real estate and
technology, and my experience in both industries will be helpful as
we continue to scale in the years ahead.”
Safe Harbor Note
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. All statements, other than statements of historical facts,
are statements that could be deemed forward-looking statements.
These statements are based on current expectations, estimates,
forecasts, and projections about the industries in which we operate
and the beliefs and assumptions of our management as of the date of
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"estimates," "continues," "endeavors," "strives," "may," variations
of such words and similar expressions are intended to identify such
forward-looking statements. In addition, any statements that refer
to projections of our future financial performance or operations,
our anticipated growth and trends in our and our customers'
respective businesses and industries, and other characterizations
of future events or circumstances, are forward-looking statements.
Readers are cautioned these forward-looking statements are based on
current expectations and assumptions that are subject to risks and
uncertainties, which could cause our actual results to differ
materially and adversely from those reflected in the
forward-looking statements. More information on these risks and
uncertainties and other potential factors that could affect the
Company's business and financial results is included in the
Company's filings with the U.S. Securities and Exchange Commission,
including in the "Risk Factors" and "Management’s Discussion and
Analysis of Financial Condition and Results of Operations” sections
of the Company’s most recently filed periodic reports on Form 10-K
and Form 10-Q and subsequent filings. The Company disclaims any
obligation other than as required by law to publicly update or
revise any forward-looking statement to reflect changes in
underlying assumptions or factors or for new information, data or
methods, future events or other changes.
About CyrusOne
CyrusOne (NASDAQ: CONE) is a premier global REIT specializing in
design, construction and operation of more than 50 high-performance
data centers worldwide. The company provides mission-critical
facilities that ensure the continued operation of IT infrastructure
for approximately 1,000 customers, including approximately 200
Fortune 1000 companies.
A leader in hybrid-cloud and multi-cloud deployments, CyrusOne
offers colocation, hyperscale, and build-to-suit environments that
help customers enhance the strategic connection of their essential
data infrastructure and support achievement of sustainability
goals. CyrusOne data centers offer world-class flexibility,
enabling clients to modernize, simplify, and rapidly respond to
changing demand. Combining exceptional financial strength with a
broad global footprint, CyrusOne provides customers with long-term
stability and strategic advantage at scale.
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version on businesswire.com: https://www.businesswire.com/news/home/20201008005846/en/
Investor Relations Michael Schafer Vice President,
Capital Markets & Investor Relations 972-350-0060
investorrelations@cyrusone.com
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