REDWOOD
CITY, Calif., Jan. 20,
2023 /PRNewswire/ -- Equinix, Inc. (Nasdaq:
EQIX), the world's digital infrastructure company™, today
announced that it has appointed Thomas
Olinger to its Board of Directors. Olinger previously served
as the Chief Financial Officer at Prologis for the past 15 years.
Effective immediately, Olinger will serve as a member of the
Board's Audit, Finance and Real Estate Committees, and will be
stepping in to replace Irving "Bud" Lyons, III, who has served as a member of the
Equinix Board since 2007 and will not be standing for re-election
at this year's shareholder meeting.
"Tom has extensive international business expertise spanning the
real estate and technology sectors and is a recognized and highly
respected leader within the investor and analyst communities," said
Peter Van Camp, Executive Chairman,
Equinix. "His experience and vision will help Equinix continue its
mission of being the platform where the world comes together to
enable the innovations that enrich our work, life and planet. We're
excited to welcome him to the Board, and I know we will benefit
from his leadership and passion for technology."
Van Camp added, "I would also
like to acknowledge and thank Bud Lyons for his service and
contributions to the growth and success of the company over the
past 15 years."
During his tenure as CFO at Prologis, Olinger drove significant
scale and scope, moving it into the top 75 companies of the S&P
500 and growing its total square footage from less than 150 million
square feet to over one billion. He was responsible for worldwide
corporate finance and oversaw the roll-up of forecasted real estate
operating results and metrics globally and chaired the company's
Global Operating Committee.
Prior to this role, Olinger served as Prologis' Chief
Integration Officer where he led the integration of over
$50 billion of M&A activity,
including the merger of AMB and ProLogis, as well as the public
acquisitions of DCT Industrial and Liberty Property. He has
significant international debt capital markets expertise, leading
$100 billion in financing
transactions. Under his leadership, Prologis was considered to have
the best-in-class investor relations team. He was consistently in
the top three CFOs in Institutional Investor's All-American
executive team rankings and also recognized by the San Francisco
Business Times as the 2009 Bay Area CFO of the Year for his
leadership and success during the Global Financial Crisis.
Previously, Olinger served as Vice President, Corporate
Controller at Oracle. He began his career at Arthur Andersen,
spending 14 years at the firm, the last three as an audit partner
in both the U.S. real estate and technology groups. Olinger holds a
Bachelor of Science in Finance from Indiana
University's Kelley School of
Business. Since January 2011, he has
served as a board member of American Assets Trust, a public real
estate company. He also serves on the Indiana
University Kelley School of Business Dean's Council, the
University of Notre Dame Fitzgerald
Institute of Real Estate Advisory Board and as Vice Chair of the
Carondelet High School Board of Trustees.
About Equinix
Equinix (Nasdaq: EQIX) is the world's digital
infrastructure company™. Digital leaders harness Equinix's trusted
platform to bring together and interconnect foundational
infrastructure at software speed. Equinix enables organizations to
access all the right places, partners and possibilities to scale
with agility, speed the launch of digital services, deliver
world-class experiences and multiply their value, while supporting
their sustainability goals.
Forward-Looking Statements
This press release contains forward-looking statements that
involve risks and uncertainties. Actual results may differ
materially from expectations discussed in such forward-looking
statements. Factors that might cause such differences include, but
are not limited to, risks to our business and operating results
related to the COVID-19 pandemic; the current inflationary
environment; foreign currency exchange rate fluctuations; increased
costs to procure power and the general volatility in the global
energy market; the challenges of acquiring, operating and
constructing IBX® and xScale® data
centers and developing, deploying and delivering Equinix products
and solutions; unanticipated costs or difficulties relating to the
integration of companies we have acquired or will acquire into
Equinix; a failure to receive significant revenues from customers
in recently built out or acquired data centers; failure to complete
any financing arrangements contemplated from time to time;
competition from existing and new competitors; the ability to
generate sufficient cash flow or otherwise obtain funds to repay
new or outstanding indebtedness; the loss or decline in business
from our key customers; risks related to our taxation as a REIT and
other risks described from time to time in Equinix filings with the
Securities and Exchange Commission. In particular, see recent and
upcoming Equinix quarterly and annual reports filed with the
Securities and Exchange Commission, copies of which are available
upon request from Equinix. Equinix does not assume any obligation
to update the forward-looking information contained in this press
release.
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SOURCE Equinix, Inc.