Global data center REIT, CyrusOne, has appointed Bruce W. Duncan as President & Chief Executive Officer and as a member of the Board of Directors, effective July 6, 2020. Mr. Duncan is a newcomer to the data center industry but an industry veteran in the real estate business.
Bruce Duncan succeeds Tesh Durvasula, who has served as CyrusOne’s interim President & Chief Executive Officer since February 20, 2020 – after Gary Wojtaszek abruptly left the role in February this year. Tesh Durvasula will work with Mr. Duncan to ensure a smooth leadership transition.
Bruce Duncan has more than 40 years of diverse real estate management, development, and global investment experience across numerous property types. He has had a successful track record as CEO and Director of multiple public companies including Cadillac Fairview Corporation, Equity Residential, Starwood Hotels & Resorts Worldwide, and First Industrial Realty Trust. He currently serves as Chair of the Board of First Industrial Realty Trust, and serves on the Boards of Marriott International and Boston Properties.
“Bruce is a proven real estate executive with decades of experience as a REIT CEO and public company director,” said Alex Shumate, Chairman of the CyrusOne Board. “We are confident that Bruce is the right person to lead the Company in our strategic execution, continued growth, and international expansion.”
Fortune 1000 Companies
CyrusOne provides data center facilities that are built to protect and ensure the continued operation of IT-infrastructure for approximately 1,000 customers, including more than 200 Fortune 1000 companies.
“I am excited to join CyrusOne, one of the top performing REITs since its inception, to help lead the company’s global expansion and deepen our partnerships with an incredible roster of customers,’ said Bruce Duncan. “CyrusOne is an industry leader because of an extraordinary team of professionals who are passionate about developing innovative solutions to support the significant demand for data center infrastructure. I look forward to joining the company and being a part of its continued success.”