GLENDALE, Calif.--(BUSINESS WIRE)--Feb. 24, 2004--Public Storage,
Inc. (NYSE:PSA) (PCX:PSA) announced that John E. Graul joined the
Company today as president of the Company's self-storage operations
with overall responsibility for the Company's multi-state national
operations.
Mr. Graul is a seasoned and highly-regarded executive with over 20
years of experience. He joined McDonalds Corporation in 1982 and has
served in various management positions. From 2000 until Mr. Graul
joined the Company, he was McDonalds' Vice President and General
Manager - Pacific Sierra Region which covers primarily Northern and
Central California, Western Nevada and Hawaii. In that capacity, he
was responsible for the financial plan, real estate development,
marketing, operations and human resources for 650 McDonalds-owned and
franchised restaurants with annual sales of $1.1 billion.
Ron Havner, CEO of the Company, commented, "John's exceptional
management skills at the largest food service company in the world
make him an outstanding choice as the leader of our self-storage
operations group."
Robert Rollo of Highland Partners conducted the search on behalf
of the Company.
Company Information
Public Storage, Inc. is a fully integrated, self-administered and
self-managed real estate investment trust that primarily acquires,
develops, owns and operates storage facilities. The Company's
headquarters is located in Glendale, California. The Company's storage
properties are located in 37 states. At September 30, 2003, the
Company had interests in 1,411 storage facilities.
Additional information about Public Storage, Inc. is available on
the Internet. The Company's web site is www.publicstorage.com.
CONTACT: Public Storage, Inc.
Harvey Lenkin, (818) 244-8080
SOURCE: Public Storage, Inc.