Digital Realty CEO shown the door

|About: Digital Realty Trust, Inc. (DLR)|By:, SA News Editor

Michael F. Foust "has departed" as Digital Realty's (DLR) CEO, effective immediately, and CFO/chief investment officer Bill Stein has been named interim CEO. A search will begin for a permanent successor. (PR)

Chairman Dennis Singleton: "The board and Mike mutually agreed that it was an appropriate time to find the next leader to help guide Digital Realty to the next level and scale of operational sophistication."

Foust's departure comes after DLR badly underperformed the S&P 500 in 2013 amid earnings disappointments.

DLR -1.4% AH