DuPont Fabros Technology, Inc. Names Jeffrey H. Foster As Chief Financial
WASHINGTON, Nov. 11, 2013
WASHINGTON, Nov. 11, 2013 /PRNewswire/ --DuPont Fabros Technology, Inc.
(NYSE: DFT), announced today that Jeffrey H. Foster has been named as
Executive Vice President and Chief Financial Officer of DuPont Fabros
Technology, Inc., replacing Mark Wetzel who resigned his position with the
Company to pursue another opportunity.
Jeff Foster joined DFT in July 2007 and has been the Company's Chief
Accounting Officer since its initial public offering in October 2007. Mr.
Foster is a seasoned accounting and finance officer with nearly 30 years of
experience. Prior to joining DFT, Mr. Foster served as Senior Vice President
and Chief Accounting Officer of Global Signal, Inc., now part of Crown Castle
International Corp., which owns, leases and manages communications towers and
other communications sites. He also has held senior positions with Danka
Office Imaging, Progress Telecom Corporation, Florida Power Corporation and
GTE Corporation. Mr. Foster began his career with Arthur Andersen in their
auditing practice. Mr. Foster earned a B.S. in Accounting from the University
of Florida and a Masters of Accountancy from the University of South Florida.
"We feel very confident that Jeff's experience as DFT's Chief Accounting
Officer from the time of our formation, and his interaction with the Company's
investors during that period, makes him a natural fit for the CFO role. This
experience, as well as Jeff's broad background in a variety of financial and
accounting roles, will allow DFT to continue its rapid growth and maintain its
position as one of the premier developers and operators of enterprise-class,
wholesale data center facilities," said Hossein Fateh, the Company's President
and Chief Executive Officer.
"We thank Mark for the enormous contributions he has made to DFT over the past
five plus years and wish him the very best in his future endeavors," said Mr.
Fateh. "Among Mark's many contributions was the strengthening of our balance
sheet and reducing our cost of capital, which has put us in an excellent
position for future growth."
About DuPont Fabros Technology, Inc.
DuPont Fabros Technology, Inc. (NYSE: DFT) is a leading owner, developer,
operator and manager of enterprise-class, carrier-neutral, large
multi-tenanted wholesale data centers. The Company's facilities are designed
to offer highly specialized, efficient and safe computing environments in a
low-cost operating model. The Company's customers outsource their mission
critical applications and include national and international enterprises
across numerous industries, such as technology, Internet content providers,
media, communications, cloud-based, healthcare and financial services. The
Company's ten data centers are located in four major U.S. markets, which total
2.5 million gross square feet and 218 megawatts of available critical load to
power the servers and computing equipment of its customers. DuPont Fabros
Technology, Inc., a real estate investment trust (REIT) is headquartered in
Washington, DC. For more information, please visit www.dft.com.
SOURCE DuPont Fabros Technology, Inc.
Contact: Jeff Foster, Chief Financial Officer, +1 (202) 478-2333; Christopher
Warnke, Manager, Investor Relations, +1 (202) 478-2330; DuPont Fabros
Technology, Inc., 1212 New York Avenue, NW, Suite 900, Washington, DC 20005,
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