Adding a Key New Executive to the Senior Team Which Broadens Management Experience and Depth
- QTS adds REIT industry veteran to its management team
- Mr. Schafer brings Financial leadership with public market experience
- First major addition to QTS's senior management, since General Atlantic investment
Quality Technology Services (QTS), one of the nation's largest and fastest growing privately-held providers of data center facilities and managed services, today announced the appointment of William (Bill) H. Schafer as chief financial officer and member of the executive management team. Mr. Schafer has over 17 years experience in the REIT industry, serving as CFO with Developers Diversified Realty (NYSE: DDR). Mr. Schafer will be responsible for scaling QTS's financial operations, systems, and all of the company's financing activities as QTS continues to grow its business. Mr. Schafer replaces current CFO, Mr. Jay Ketterling, who remains with QTS in the new role of Vice President of Finance. Mr. Schafer will report to Chairman and CEO Chad Williams.
"Bill brings extensive financial, operating, acquisition and public market experience to QTS. He has a broad and deep understanding of real estate and building the needed financial infrastructure for a larger firm, all of which will be assets in executing our growth strategy," said Chad Williams, Chairman and CEO. "We are delighted Bill has joined our team."
"QTS is a growing company with a strong management team. The continued momentum of data center and collocation products combined with cloud computing and hosting services; give QTS a unique value proposition versus its competitors. This unique combination of infrastructure and services should drive QTS's business expansion for many years to come. I am excited to be part of a company with such a bright future," said Bill Schafer.
Mr. Schafer comes to QTS from DDR, an international owner, developer and operator of retail locations, where he served as executive vice president and chief financial officer since 2005. Mr. Schafer had been senior vice president & chief financial officer of DDR since May 1999 and vice president & chief financial officer since the Company's IPO in 1993. Mr. Schafer joined the DDR's predecessor entities as chief financial officer in April 1992.
Previously, Mr. Schafer held various positions with the Cleveland office of Pricewaterhouse, LLP, beginning in 1983 and serving as a senior manager from 1990 until 1992.
Mr. Schafer graduated from the University of Michigan in Ann Arbor with a Bachelor of Arts in Business Administration. Mr. Schafer is a member of the International Council of Shopping Centers (ICSC). He serves as treasurer of the board for The Gathering Place, a not-for-profit organization, and serves on US Banks Regional Advisory Board and The University of Akron's Finance Advisory Board.
QTS recently announced a $150 million investment from global growth equity firm, General Atlantic.
AboutQTS
QTS (Quality Technology Services), founded by Chad L. Williams, Chairman and CEO and Mark Waddington, President, in September 2005, is a leading national provider of data center facilities, managed and professional IT and hosting services to businesses in America. QTS manages and operates more than 2 million square feet of secure state-of-the-art data center infrastructure, providing mission critical IT operations for optimum performance and cost-efficiency. Managed IT and Cloud Services are delivered via a national high-performance backbone and content delivery network, and an ITIL-certified world-class services organization. For more information about QTS, please visit www.qualitytech.com or call toll free 866.210.8238.
Contacts:
QTS
Dan Kurtz, 402-290-2308
dkurtz@qualitytech.com
www.qualitytech.com