Public Storage Announces Management Changes
April 19 2019 - 4:16PM
Business Wire
Joe Russell, President and Chief Executive Officer of Public
Storage (NYSE:PSA), announced today two senior management
changes.
Nathaniel A. Vitan has been promoted to Senior Vice President,
Chief Legal Officer and Corporate Secretary effective April 20,
2019. Nathan joined the Company in June 2016 as Vice President and
Chief Counsel–Litigation and Operations. Prior to joining Public
Storage, he was Assistant General Counsel for Altria Client
Services, Inc. and served as a Trial Practice and Appellate
Litigation Attorney at Latham & Watkins LLP.
Nathan succeeds Lily Y. Hughes who tendered her resignation to
pursue a Chief Legal Officer position at another public company
with strong consideration given to being geographically closer to
her family. Lily is committed to working in partnership with the
team through May 31, 2019, in order to ensure an orderly
transition.
“Lily has been an outstanding partner, and we are grateful for
her integrity and leadership and the many contributions she brought
to Public Storage,” said Mr. Russell. “The Public Storage team is
keenly focused on succession planning across the Company, and we
are excited to welcome Nathan to his new role. His multi-faceted
experience, proven abilities and impeccable character make him
well-suited for the position. The Company and its shareholders will
benefit from his continued leadership going forward.”
Company Information
Public Storage, a member of the S&P 500 and FT Global 500,
is a REIT that primarily acquires, develops, owns and operates
self-storage facilities. The Company’s headquarters are located in
Glendale, California. At December 31, 2018, we had interests in
2,429 self-storage facilities located in 38 states with
approximately 162 million net rentable square feet in the United
States, and we owned a 35.2% common equity interest in Shurgard
Self Storage SA (Euronext Brussels:SHUR), which owned 232
self-storage facilities located in seven Western European nations
with approximately 13 million net rentable square feet operated
under the “Shurgard” brand. We also own a 42% common equity
interest in PS Business Parks, Inc. (NYSE:PSB), which owned and
operated approximately 28 million rentable square feet of
commercial space at December 31, 2018.
Additional information about Public Storage is available on the
Internet. The Company’s website is PublicStorage.com.
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Ryan Burke(818) 244-8080, Ext. 1141
Public Storage (NYSE:PSA)
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