Public Storage Names New CEO, CFO
December 27 2018 - 6:01PM
Dow Jones News
By Bowdeya Tweh
Public Storage (PSA) on Thursday named a replacement for its
long-time chief executive and a new chief financial officer.
Joe Russell, who has served as president since 2016, will become
CEO on Jan. 1, replacing Ron Havner, who previously announced that
he would step down from the role. Mr. Havner, who has served as CEO
since 2002, will remain board chairman.
Tom Boyle, who will begin his new role as CFO on Jan. 1, served
as the finance leader for operations since 2016. He will replace
John Reyes, who had been in the role since 1996.
Messrs. Russell and Reyes also will join the company's
board.
Public Storage, a Glendale, Calif.-based real-estate investment
trust, buys, develops, owns and operates self-storage
facilities.
The company had interests in 2,418 self-storage facilities
located in 38 U.S. states and 228 storage sites in western Europe
under its Shurgard brand as of Sept. 30. The company also has 42%
stake in PS Business Parks Inc.
Write to Bowdeya Tweh at bowdeya.tweh@wsj.com
(END) Dow Jones Newswires
December 27, 2018 17:46 ET (22:46 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
Public Storage (NYSE:PSA)
Historical Stock Chart
From Aug 2024 to Sep 2024
Public Storage (NYSE:PSA)
Historical Stock Chart
From Sep 2023 to Sep 2024