Tesh Durvasula Joins Piedmont Office Realty Trust’s Board of Directors
02 August 2022 - 10:15PM
Piedmont Office Realty Trust, Inc. (NYSE:PDM) announced today that
its Board of Directors has appointed Venkatesh (“Tesh”) S.
Durvasula, as a member of the Board, effective August 1, 2022.
Durvasula will serve as an independent director of the Company and
as a member of the Capital Committee of the Board.
Durvasula is currently the Chief Executive Officer
(“CEO”) and member of the board of directors of Africa Data
Centres, a London-based, Cassava Technology company responsible for
the executive leadership of a $1.5 billion data center and
renewable energy business on the continent of Africa. Prior to
joining Africa Data Centres, Durvasula was CEO and President of
CyrusOne (previously NASDAQ: CONE), an approximately $12 billion
data center REIT recently acquired by funds managed by global
investment firm KKR and infrastructure investor Global
Infrastructure Partners. While at Cyrus One, Durvasula grew the
business into the third-largest data center REIT and successfully
pivoted the company’s growth strategy to hyperscale deployment in
the United States and the European Union.
Commenting on the appointment, Frank C. McDowell,
Chairman of Piedmont’s Board of Directors, said “We are pleased to
welcome Tesh Durvasula as the newest member of the Piedmont Board.
Tesh brings tremendous experience with publicly traded companies,
in particular REITs, as well as experience working with large-scale
information technology clients and the broader investor
community.”
About
Piedmont:
Piedmont Office Realty Trust, Inc. (NYSE: PDM) is
an owner, manager, developer, redeveloper, and operator of
high-quality, Class A office properties located primarily in the
Sunbelt. Its approximately $5 billion portfolio is currently
comprised of approximately 16 million square feet. The Company is a
fully integrated, self-managed real estate investment trust (REIT)
with local management offices in each of its markets and is
investment-grade rated by S&P Global Ratings (BBB) and Moody’s
(Baa2). Piedmont is a 2022 ENERGY STAR Partner of the Year. For
more information, see www.piedmontreit.com.
Contact: Eddie
Guilbert
Company: Piedmont Office
Realty Trust
Phone: 770 418
8800
Email:
Investor.relations@Piedmontreit.com
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