CyrusOne Announces Election of Lynn Wentworth as Chair and Addition of Denise Olsen to Board of Directors
25 May 2021 - 6:30AM
Business Wire
Alex Shumate will Continue in Role of Lead
Independent Director
CyrusOne Inc. (NASDAQ: CONE), a premier global data center real
estate investment trust (REIT), today announced the election of
existing Director Lynn Wentworth as Chair of the Board and Denise
Olsen as a new member of the Board of Directors, following her
election at the Company’s Annual Meeting of Stockholders held on
May 18, 2021. In addition, the Board has elected existing Director
and former Chair Alex Shumate as Lead Independent Director.
“Lynn has been an important member of our Board since 2014, with
a deep understanding of our business, our industry and the
opportunities in front of us. I look forward to Lynn’s continued
leadership in her role as Chair and working with her as she helps
guide our team,” said Bruce W. Duncan, President and Chief
Executive Officer at CyrusOne. “On behalf of the entire company and
the Board, we thank Alex for his steady leadership as the Board’s
Chair for the last seven years and the integral role he has played
in CyrusOne’s growth as a global data center provider. We are
grateful to have Alex continue to inspire us as our Lead
Independent Director as we move the company forward.”
Ms. Olsen is senior managing director, a member of the
investment committee, and oversees business development for GEM
Realty Capital. Ms. Olsen is also a board member of First
Industrial Realty Trust, Inc., is on the investment advisory
committee of the Harry and Jeanette Weinberg Foundation, and serves
as an executive committee member of the Zell Laurie Real Estate
Center at the Wharton School at the University of Pennsylvania.
"Denise has an impressive career in helping guide and lead public
market real estate entities, and we are excited that she will be
joining our Board of Directors,” said Duncan. “She has been at the
forefront of the real estate industry, and we look forward to her
providing valuable counsel as we continue to accelerate our growth
in the months ahead.”
For more information about CyrusOne, call 1-855-908-3662 or
visit www.cyrusone.com. Connect with us on LinkedIn, Twitter, and
Facebook.
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 1,000 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 supporting 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.
Safe Harbor Note
This press release contains forward-looking statements which are
based on current expectations, forecasts and assumptions that
involve risks and uncertainties that could cause actual outcomes
and results to differ materially. 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 the Company operates and the beliefs 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 similar expressions
are intended to identify such forward-looking statements. In
addition, any statements that refer to projections of the Company’s
future financial performance, the Company’s anticipated growth and
trends in the Company’s businesses, 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 the Company’s 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 CyrusOne’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.
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Media Contact: David M. Baum CyrusOne@allisonpr.com +1
646.428.0620
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