DigiCo interim chief to step down, successors named

DigiCo Infrastructure REIT (ASX: DGT) has appointed two executives to continue lead the business, effective 21 August 2026, with interim chief executive Chris Maher to step down on the same day following former chief executive Michael Juniper's departure in March.

Simon Mitchell and Ralph Goninan will step into the role of co-heads of DGT, while retaining their respective roles as chief financial officer and chief development officer.

This comes as the listed investment trust dropped out of the ASX200 after S&P Global released the March S&P/ASX 200 Index rebalance.

DGT said their appointments set the company up for long-term success and ensure continuity of leadership as the business executes on its strategic objectives.

Commenting, DGT chair Joseph Carrozzi said both appointees understand the business well and are well placed to bring it forward.

"The board is pleased to announce the appointment of Simon and Ralph as co-heads of DigiCo, having already been instrumental in providing leadership and driving the delivery of our key strategic priorities," Carrozzi said.

"Their complementary capabilities and commitment to DGT's growth strategy will support the continued execution of our data centre investment mandate and create long-term value for securityholders.

"On behalf of the board, I would also like to thank Chris Maher for his leadership and significant contribution to DigiCo since establishment, and for supporting a smooth and orderly transition."

Mitchell added: "I am delighted to be appointed co-head alongside Ralph at an important stage in DGT's growth."

"Our focus is on disciplined execution, maintaining financial flexibility and scaling DGT's high-quality data centre platform to deliver long-term value for securityholders."

Goninan said he is excited to work closely with both Mitchell and the board.

"Our immediate priority is delivering the SYD expansion, while continuing to convert strong customer demand into high-return, contracted digital infrastructure capacity," he said.

Meanwhile, HMC Capital, the parent company of DGT, also appointed Damian Secen as managing director, infrastructure.

In this role, Secen will provide senior oversight and leadership to HMC Capital's infrastructure verticals, including DGT and Illuma Energy.

Additionally, DGT also announced its FY26 results, with underlying earnings before interest, tax, depreciation and amortisation (EBITDA) of $127 million scoring $2 million above guidance of $125 million.

Underlying revenue was $239 million and dividend per share was 12 cents, in line with guidance.

Mitchell said the company has taken "meaningful steps" to improve balance sheet and portfolio strategies in the financial year ending June 30.

"The divestment of lower-yielding US assets allows capital to be recycled into our highest conviction growth opportunity, the SYD1 88MW Project, which is fully funded, while maintaining balance sheet capacity and supporting securityholder distributions," he said.

"Once our SYD1 and ADL1 expansion projects are fully operational, DGT 's Australian Platform is expected to generate approximately $250 million of stabilised EBITDA, providing a clear pathway to unlocking long-term value for securityholders."