On May 19, 2023, CyrusOne announced that Chief Financial Officer Katherine Motlagh will step down from her role effective June 1, 2023. Michael Schafer, the company's Senior Vice President, Finance, will assume the role of interim CFO upon Motlagh's departure. Michael Schafer, who joined the company in 2013, will bring his steady leadership and deep knowledge of the company to the CFO role, supporting the company's continued execution as the company conduct a search for its next CFO.

Mr. Schaffer has nearly three decades of progressive experience in corporate finance and currently leads the company's investor reporting, FP&A, and treasury functions, as well as being a key member of the company's capital markets team. The company has commenced an internal and external search to identify a permanent CFO.