Digital Realty announced that Michael F. Foust has departed as CEO, effective immediately. The board has appointed A. William Stein, CFO and Chief Investment Officer, to serve as Interim CEO. The board plans to retain a leading executive search firm to immediately begin a search for a successor. The board has also established a Transition Committee, comprised of independent board members William G. LaPerch and Robert H. Zerbst, to ensure a smooth transition. Foust will continue to serve as a member of the board until the company's annual meeting in April, but will not stand for re-election. The size of the board will be reduced to seven members, effective immediately prior to the 2014 Annual Meeting of Stockholders. Digital Realty expects to record a one-time charge in Q1 of approximately 10c per share related to Foust's separation compensation. Excluding this one-time charge, the company's 2014 core FFO per share guidance of $4.75-$4.90 remains unchanged.