Board of Directors
As Chief Financial Officer, Mr. Foster led process to sell DuPont Fabros in transaction valued over $7 billion which closed in September 2017. In tenure of Chief Financial Officer achieved total shareholder return of 224% which was an average of 37% per annum. Assumed key role at DuPont Fabros in IPO process which resulted in the completion of $735 million offering in October 2007.
Mr. Foster was a major contributor in raising over $3 billion for DuPont Fabros post IPO through bonds, bank debt, preferred equity and common equity.
He has performed lead role in 2012 successfully lobbying the Commonwealth of Virginia for a sales tax exemption for data center equipment. Mr. Neal has also met with Governor and Virginia Economic Development Council and testified to Virginia House of Delegates.
Mr. Foster has a key role in negotiating and closing significant DuPont Fabros lease with contract value in excess of
$250 million. He played an integral role on five-person team who developed and issued for GTE $1 billion of a new type of security, MIPS, which is a mixture of debt and equity offered through a limited partnership. This resulted in GTE obtaining innovative low-cost financing and improved ratings for senior secured debt.