People: Extra Space Storage Inc (EXR)

EXR on New York Consolidated

49.97USD
17 Apr 2014
Price Change (% chg)

$0.18 (+0.36%)
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$49.79
Open
$49.59
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$49.99
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$49.45
Volume
859,566
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827,207
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$50.10
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$39.98

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Summary

Name Age Since Current Position

Kenneth Woolley

66 2013 Executive Chairman of the Board

Spencer Kirk

51 2012 Chief Executive Officer, Director

P. Scott Stubbs

45 2011 Chief Financial Officer, Executive Vice President

Charles Allen

63 2013 Executive Vice President, Chief Investment Officer, Secretary

Gwyn McNeal

2013 Senior Vice President, Chief Legal Officer

Samrat Sondhi

38 2013 Senior Vice President - Operations

Roger Porter

Lead Independent Director

Karl Haas

61 2013 Director

Diane Olmstead

2014 Director

Anthony Fanticola

70 2004 Independent Director

Joseph Margolis

52 2005 Independent Director

K Skousen

70 2004 Independent Director

Clint Halverson

IR Contact Officer

Biographies

Name Description

Kenneth Woolley

Mr. Kenneth M. Woolley is Executive Chairman of the Board of Extra Space Storage Inc. He served as Chief Investment Officer of the Company. Mr. Woolley is the founder of the Company, served as Chairman and CEO from formation through March 2009, and was formerly Chief Executive Officer of predecessor. Mr. Woolley resigned from his position as Chairman and CEO of the Company effective April 1, 2009, to serve a voluntary three-year mission for his church, during which time he remained as a director. Mr. Woolley has been involved in the self-storage industry since 1977. He has been directly responsible for developing over 165 properties and acquiring over 625 self-storage properties throughout the United States. Early in his career he was a management consultant with the Boston Consulting Group. From 1979 to 1998, he was an Associate Professor, and later an Adjunct Associate Professor of Business Administration at Brigham Young University, where he taught undergraduate and MBA classes in Corporate Strategy and Real Estate. Mr. Woolley has also developed more than 10,000 apartment units, and has been the founder of several companies in the retail, electronics, food manufacturing and natural resources industries. Mr. Woolley currently serves on the compensation committee of American Homes 4 Rent. Mr. Woolley holds a B.A. in physics from Brigham Young University and an M.B.A. and Ph.D. in business administration from the Stanford Graduate School of Business.

Spencer Kirk

Mr. Spencer F. Kirk is Chief Executive Officer, Director of Extra Space Storage Inc. He previously served as Executive Vice President of the Company's predecessor from 1998 to 2004. Mr. Kirk has served as a director of the Company since its initial public offering in 2004. As the owner of more than 3.7 million shares, Mr. Kirk is the Company's private individual stockholder. Before his involvement with the Company, Mr. Kirk co-founded Megahertz Corporation in 1985, which became the manufacturer of modems for laptop computers in the world. With Mr. Kirk serving as Chairman and CEO, Megahertz grew from a basement operation to the supplier of solution-oriented mobile data communications products. Megahertz went public in 1993 and in 1995 was acquired US Robotics, which was later acquired by 3Com Corporation. Mr. Kirk holds a B.A. in finance and an M.B.A. from the University of Utah.

P. Scott Stubbs

Mr. P. Scott Stubbs is Chief Financial Officer, Executive Vice President of Extra Space Storage Inc. He was the Senior Vice President Finance and Accounting since inception, and the Corporate Controller of predecessor beginning in December 2000. Prior to joining predecessor, Mr. Stubbs served as Chief Financial Officer of the Lyon Company from June 2000 through December 2000. From 1995 through 2000, he served as the U.S. Controller of Critchley Inc. and from November 1992 through June 1995, he worked at Neilson, Ellgren, Durkin & Co. as a consultant. Mr. Stubbs is a licensed CPA and holds a B.S. and a Masters in Accountancy from Brigham Young University.

Charles Allen

Mr. Charles L. Allen is Executive Vice President, Chief Investment Officer, Secretary of Extra Space Storage Inc. He served as Chief Legal Officer of the Company. He served as Executive Vice President, Chief Legal Officer ("CLO") and Secretary since November 2006 and was Senior Vice President, CLO and Secretary from formation to 2006. He was the General Counsel of predecessor from 1998 to 2002. From 2002 to 2003, he served as Senior Vice President of Development. He coordinates and supervises acquisition, development and corporate matters nationwide. Before joining predecessor, Mr. Allen was a Senior Managing Partner at Allen, Nelson, Hardy & Evans and Associate General Counsel for Megahertz Corporation. Mr. Allen holds a B.S. in accounting from Brigham Young University and a J.D. from the J. Reuben Clark Law School of Brigham Young University.

Gwyn McNeal

Ms. Gwyn G. McNeal has been appointed as Senior Vice President, Chief Legal Officer of Extra Space Storage Inc., effective July 8, 2013. Formerly she served as Vice President Legal Operations of the Company.

Samrat Sondhi

Mr. Samrat Sondhi has been appointed as Senior Vice President - Operations of Extra Space Storage Inc., effective December 31, 2013. He has been a member of the Company’s senior management team for eight years, operating in various roles including Divisional Vice President, covering core markets across the United States, and Senior Vice President Revenue Management, playing a key role in the evolution of pricing strategy. Prior to joining the Company, Mr. Sondhi served for two years as Vice President Revenue Management for Storage USA, which was purchased by the Company in July 2005. Prior to joining Storage USA, Mr. Sondhi worked as a consultant with Deloitte Consulting. Mr. Sondhi holds a Master’s degree in Business Administration from Carnegie Mellon University and a Bachelor’s degree in Electronics from Pune University, India.

Roger Porter

Dr. Roger B. Porter, Ph.D. is Lead Independent Director of Extra Space Storage Inc. is the IBM Professor of Business and Government and the Master of Dunster House at Harvard University. Mr. Porter served for more than a decade in various senior economic policy positions in the Ford, Reagan and George H.W. Bush White Houses. Under President George H.W. Bush, Mr. Porter served as Assistant to the President for Economic and Domestic Policy from 1989 to 1993. Mr. Porter is a director of Tenneco, Inc., Zions Bancorporation and Packaging Corporation of America. Mr. Porter served as a director of Pactiv Corporation from November 1999 through November 2010. Mr. Porter holds a B.A. from Brigham Young University and was selected as a Rhodes Scholar and Woodrow Wilson Fellow, receiving his B.Phil. from Oxford University. He received his M.A. and Ph.D. from Harvard University.

Karl Haas

Mr. Karl Haas has been appointed as Director of Extra Space Storage Inc., effective December 31, 2013. He is no longer Chief Operating Officer, Executive Vice President - Operations of the Company effective December 31, 2013. He was appointed Executive Vice President of Operations and Chief Operating Officer ("COO") since November 2006 and was Senior Vice President of Operations from the acquisition of Storage USA in July 2005 to 2006. Before the acquisition of Storage USA, Mr. Haas served as Executive Vice President of Management for Storage USA from 1994 to July 2005. He was Executive Vice President of Storage USA Management Corp. from 1988 to 1991. During 1991, Mr. Haas became Storage USA Management Corp.'s President and COO. Mr. Haas holds a B.S. in business administration, with an emphasis in accounting, from the University of Maryland at College Park. Mr. Haas worked for Arthur Young & Co. for ten years, leaving in 1983 as an Audit Principal. In 1983, Mr. Haas joined a Baltimore, Maryland real estate developer/entrepreneur. From 1983 through 1988, he fulfilled various roles, including accounting, finance and management of various real estate management and other operating businesses.

Diane Olmstead

Ms. Diane Olmstead has been appointed as Director of the Company, effective January 1, 2014. Ms. Olmstead is Co-CEO of W3, which she co-founded in 2009 with Susan Sagy. Ms. Olmstead oversees W3’s acquisitions, financing activities, fundraising and client relations. Ms. Olmstead has 32 years of direct experience in investing, corporate finance and capital-raising. During that time, she has originated and closed over $2 billion in loans, property acquisitions and joint ventures, and has executed the workout and restructuring of $1.3 billion of real estate assets. Prior to founding W3, Ms. Olmstead was a principal at CIM Group from 2005 to 2009. Ms. Olmstead opened their San Francisco office where she headed acquisitions and development in Northern California and the Pacific Northwest and was a voting member of the Investment Committee. Prior to CIM Group, from 2000 to 2005, Ms. Olmstead was an executive VP of iStar and responsible for all activities in iStar’s Western Region, including origination of structured finance transactions and acquisition of triple net lease assets. From 1983 to 2000, Ms. Olmstead worked in positions of asset management, lending, acquisitions and equity raising with Arthur Andersen LLP, USF&G Corporation, Cigna Corporation, and Aetna Inc. Ms. Olmstead received an MBA from Pepperdine University. She serves on the board of Mercy Housing, Inc. and Synedgen, Inc. (a bio-tech company), and is a member of the Urban Land Institute and the Policy Advisory Board of the Fisher Center for Real Estate and Urban Development (U.C. Berkeley).

Anthony Fanticola

Mr. Anthony Fanticola is Independent Director of Extra Space Storage Inc. He served as the owner, Chairman and CEO of A. Fanticola Companies, Inc., Oil Express, Inc. and Lube Pit, Inc. (parent companies of 90 Jiffy Lube stores located in Southern California, Seattle/Tacoma, Washington and Tucson, Arizona). Before his involvement with these companies, Mr. Fanticola owned and operated a variety of privately owned businesses and served as Vice President of Vons Food and Drug.

Joseph Margolis

Mr. Joseph D. Margolis is Independent Director of Extra Space Storage Inc. He is Managing Director at Penzance Properties, a vertically integrated owner, operator and developer of primarily office properties in the Washington, D.C. metro area. Previously, Mr. Margolis was a co-founding partner of Arsenal Real Estate Funds, a private real estate investment management firm, from 2004 through 2011. Before forming Arsenal in 2004, Mr. Margolis held senior positions from 1992 to 2004 at Prudential Real Estate Investors in portfolio management, capital markets and as General Counsel. Before that, Mr. Margolis worked for The Prudential Insurance Company of America as in-house real estate counsel from 1988 through 1992, and as a real estate associate at the law firm of Nutter, McClennen & Fish from 1986 through 1988. Mr. Margolis is a graduate of Harvard College (cum laude 1983) and Columbia University School of Law.

K Skousen

Mr. K. Fred Skousen is Independent Director of Extra Space Storage Inc. He served as the Advancement Vice President at Brigham Young University until 2009. Previously, he was Dean of the Marriott School of Management and Director of the School of Accountancy at Brigham Young University. Mr. Skousen has been a consultant to the Financial Executive Research Foundation, the Controller General of the United States, the Federal Trade Commission and several companies. Mr. Skousen has served as a faculty member at the University of Minnesota, the University of California, Berkeley, and the University of Missouri, as well as a faculty resident on the staff of the SEC and a faculty fellow at Price Waterhouse and Co. He served as Director of Research and a member of the Executive Committee of the American Accounting Association, is a former member of the American Institute of CPAs and is a former President of the Utah Association of CPAs. Mr. Skousen earned a B.A. from Brigham Young University and an M.S. and Ph.D. from the University of Illinois.

Clint Halverson

Basic Compensation

Name Fiscal Year Total

Kenneth Woolley

1,023,180

Spencer Kirk

2,265,730

P. Scott Stubbs

1,034,680

Charles Allen

1,074,060

Gwyn McNeal

--

Samrat Sondhi

--

Roger Porter

--

Karl Haas

1,438,920

Diane Olmstead

--

Anthony Fanticola

--

Joseph Margolis

--

K Skousen

--

Clint Halverson

--
As Of 30 Dec 2012

Options Compensation

Name Options Value

Kenneth Woolley

155,000 435,000

Spencer Kirk

0 0

P. Scott Stubbs

30,000 352,050

Charles Allen

108,425 1,143,863

Gwyn McNeal

0 0

Samrat Sondhi

0 0

Roger Porter

0 0

Karl Haas

253,025 2,588,030

Diane Olmstead

0 0

Anthony Fanticola

0 0

Joseph Margolis

0 0

K Skousen

0 0

Clint Halverson

0 0
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