Edition:
United States

Public Storage (PSA.N)

PSA.N on New York Stock Exchange

213.94USD
10 Dec 2018
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Summary

Name Age Since Current Position

Ronald Havner

60 2016 Chairman of the Board of Trustees, Chief Executive Officer

Joseph Russell

58 2016 President

Edward John Reyes

57 1996 Chief Financial Officer, Senior Vice President

Natalia Johnson

2018 Chief Human Resource Officer, Senior Vice President

Lily Hughes

54 2015 Senior Vice President, Chief Legal Officer, Corporate Secretary

Gary Pruitt

68 2011 Lead Independent Trustee

Tamara Gustavson

56 2008 Trustee

Uri Harkham

69 1993 Independent Trustee

Leslie Heisz

57 2017 Independent Trustee

B. Wayne Hughes

58 1998 Trustee

Avedick Poladian

66 2010 Independent Trustee

Ronald Spogli

69 2010 Independent Trustee

Daniel Staton

65 1999 Independent Trustee

Biographies

Name Description

Ronald Havner

Mr. Ronald L. Havner, Jr. has been appointed Chairman of the Board of Trustees of the Company effective on Effective January 1, 2019. Mr. Havner has been Chairman and Chief Executive Officer of Public Storage since August 2011 and November 2002, respectively. Mr. Havner joined Public Storage in 1986 and has held a variety of senior management positions. As previously disclosed, effective January 1, 2019, Mr. Havner will step down from his position as CEO. He will remain Chairman of the Board. r. Havner has been Chairman of the Board of Public Storage’s affiliate, PS Business Parks, Inc. (PS Business Parks) since March 1998. Mr. Havner also serves as a director of AvalonBay Communities, Inc. (NYSE: AVB) and will serve as director of California Resources Corp. (NYSE: CRC) through the end of his current term ending May 10, 2018. Mr. Havner was the 2014 Chairman of the Board of Governors of the National Association of Real Estate Investment Trusts, Inc. (NAREIT).

Joseph Russell

Mr. Joseph Darryl Russell, Jr. has been appointed President, Chief Executive Officer of the Company of the Company Effective January 1, 2019. Mr. Russell has been President of the Company since July 2016. Prior to joining the Company, Mr. Russell was CEO of PS Business Parks, Inc. from August 2003 to July 2016 and President from September 2002 until August 2015. Mr. Russell has also served as a director of PS Business Parks since August 2003. He also currently serves on the board of directors of the Self Storage Association.

Edward John Reyes

Mr. Edward John Reyes has been appointed Trustee of the Company Effective January 1, 2019. He joined Public Storage in 1990 and was Controller of Public Storage from 1992 until December 1996 when he became Chief Financial Officer. He became a Vice President of Public Storage in November 1995 and a Senior Vice President of Public Storage in December 1996. From 1983 to 1990, Mr. Reyes was employed by Ernst & Young as a certified public accountant.

Natalia Johnson

Ms. Natalia N. Johnson is Chief Human Resource Officer, Senior Vice President of the Company. Natalia joined Public Storage in 2016 with over 18 years of broad-based leadership experience, having held senior management positions in human resources, technology and operations at Bank of America, Countrywide Financial and Coca-Cola. In her human resources roles, she was responsible for strategy and execution for talent acquisition and management, organizational and leadership development, compensation planning, employee relations and human resources information systems.

Lily Hughes

Ms. Lily Yan Hughes is Senior Vice President, Chief Legal Officer, Corporate Secretary of the Company. Prior to joining Public Storage, she was Vice President and Associate General Counsel-Corporate, M&A and Finance at Ingram Micro, Inc. from March 1997 to January 2015.

Gary Pruitt

Mr. Gary E. Pruitt is Lead Independent Trustee of the Company. Mr. Pruitt joined the Board in August 2006 in connection with the merger of Shurgard Storage Centers, Inc. with Public Storage. Mr. Pruitt retired as Chairman of Univar N.V. (Univar) (NYSE: UNVR), a chemical distribution company based in Bellevue, Washington, with distribution centers in the United States, Canada and Europe in 2010 and retired as Chief Executive Officer in October 2009. He joined Univar in 1978. Previously, Mr. Pruitt was a chartered accountant with Arthur Andersen from 1973 through 1977. Mr. Pruitt is a member of the Board of Directors of PS Business Parks (NYSE: PSB) and Itron, Inc. (NASDAQ: ITRI), a global technology company. Mr. Pruitt is a past Board member of Esterline Technologies Corp. (NYSE: ESL), a specialized manufacturing company.

Tamara Gustavson

Ms. Tamara Hughes Gustavson is Trustee of the Company. Ms. Gustavson joined the Board in November 2008. She was previously employed by Public Storage from 1983 to 2003, serving most recently as Senior Vice President, Administration. During the past six years, Ms. Gustavson has supervised her personal business investments and engaged in charitable activities. Ms. Gustavson also serves on the Board of Trustees of the William Lawrence and Blanche Hughes Foundation and the Board of Trustees of the University of Southern California. Ms. Gustavson is our largest single shareholder and a member of the Hughes family (the Hughes Family) that collectively owns approximately 14.3% of the company’s Common Stock. She is the sister of B. Wayne Hughes, Jr., also a trustee, and the daughter of B. Wayne Hughes, Chairman Emeritus and the company’s Co-Founder.

Uri Harkham

Mr. Uri P. Harkham is Independent Trustee of the Company. Mr. Harkham joined the Board in March 1993. Since 1978, Mr. Harkham has been the Chief Executive Officer of Harkham Family Enterprises, a real estate firm specializing in buying and rebuilding retail and mixed use real estate throughout Southern California. Until his retirement in 2011, Mr. Harkham was also President and Chief Executive Officer of Harkham Industries, which specialized in the design, manufacture and marketing of women’s clothing under its four labels, Harkham, Hype, Jonathan Martin and Johnny Martin, since its organization in 1974. Mr. Harkham still serves as a consultant in the retail and fashion industry.

Leslie Heisz

Ms. Leslie Stone Heisz is Independent Trustee of the Company. Ms. Heisz joined the Board in February 2017. Ms. Heisz is an experienced investment banking and finance executive. Ms. Heisz joined Lazard Frères & Co. in 2003 as a senior advisor and served as a managing director from 2004 through April 2010, providing strategic financial advisory services for clients in a variety of industries. Ms. Heisz was previously a managing director of Dresdner Kleinwort Wasserstein and its predecessor for six years, specializing in mergers and acquisitions, as well as leveraged finance, and leading the Gaming and Leisure Group and the Los Angeles office.

B. Wayne Hughes

Mr. B. Wayne Hughes, Jr. is Trustee of the Company. Mr. Hughes, Jr. joined the Board in January 1998. He was employed by Public Storage from 1983 to 2002, serving as Vice President–Acquisitions of Public Storage from 1992 to 2002. Mr. Hughes, Jr. is the founder and an officer of American Commercial Equities, LLC and its affiliates, companies engaged in the acquisition and operation of commercial properties in California. He is the brother of Tamara Hughes Gustavson, also a trustee, and the son of B. Wayne Hughes, Chairman Emeritus and the company’s Co-Founder. The Hughes Family together owns approximately 14.3% of the company’s Common Stock.

Avedick Poladian

Mr. Avedick Baruyr Poladian is Independent Trustee of the Company. Mr. Poladian joined the Board in February 2010. From 2007 to the end of 2016, Mr. Poladian held the positions of Executive Vice President and Chief Operating Officer for Lowe Enterprises, Inc., a diversified national real estate company that he joined in 2003. Mr. Poladian was with Arthur Andersen from 1974 to 2002 and is a certified public accountant (inactive). He serves as a director of two funds managed by Western Asset Management Funds, a director of Occidental Petroleum Corporation (NYSE: OXY), and a director of California Resources Corp. (NYSE: CRC). Mr. Poladian is also a member of the Board of Councilors of the USC Sol Price School of Public Policy, the Board of Advisors of the Ronald Reagan UCLA Medical Center and the YMCA of Metropolitan LA.

Ronald Spogli

Mr. Ronald P. Spogli is Independent Trustee of the Company. Mr. Spogli joined the Board in February 2010. Mr. Spogli co-founded Freeman Spogli & Co. (Freeman Spogli), a private investment firm, in 1983. He served as the United States Ambassador to the Italian Republic and the Republic of San Marino from August 2005 until February 2009. Mr. Spogli is a trustee of Stanford University and of the J. Paul Getty Trust, a director of Grandpoint Capital Inc., a bank holding company, a member of the Board of Directors of the Center for American Studies in Rome, and a member of the Board of Directors of White Bridge Investments, an Italian investment company.

Daniel Staton

Mr. Daniel C. Staton is Independent Trustee of the Company. Mr. Staton joined the Board in March 1999. Mr. Staton is Chairman of the Compensation Committee and a member of the Audit Committee. Mr. Staton founded Staton Capital LLC, an investment and venture capital firm, in 2003 and serves as Chairman and Managing Director. He has served as Chairman and Director of Armour Residential REIT (NYSE: ARR) (Armour) since 2009 and served as President and Chief Executive Officer of Enterprise Acquisition Corp. from its inception in 2007 until its merger with Armour. Mr. Staton has also served as Chairman of the Board of Javelin Mortgage Investment Corp (NYSE: JMI) (Javelin), a mortgage REIT, since 2012 until its merger with Armour.

Basic Compensation

Name Fiscal Year Total

Ronald Havner

10,506,800

Joseph Russell

2,680,400

Edward John Reyes

6,229,680

Natalia Johnson

--

Lily Hughes

1,013,280

Gary Pruitt

262,900

Tamara Gustavson

227,900

Uri Harkham

235,400

Leslie Heisz

435,879

B. Wayne Hughes

227,900

Avedick Poladian

254,150

Ronald Spogli

246,650

Daniel Staton

247,900
As Of  30 Dec 2017