GLENDALE, Calif.--(BUSINESS WIRE)--
Public Storage (NYSE:PSA) announced today the appointment of Dick
Poladian and Ronald P. Spogli to the Public Storage Board of Trustees
effective February 26, 2010. With these appointments, the Public Storage
Board has expanded to 13 trustees.
Dick Poladian, 58, is the Executive Vice President and Chief Operating
Officer for Lowe Enterprises, Inc., a diversified national real estate
company, where he oversees human resources, risk management,
construction, finance and legal functions. Previously, Mr. Poladian
worked with the international accounting firm Arthur Andersen from 1974
to 2002. He currently serves on the boards of directors for Occidental
Petroleum Corporation and Western Asset Management Funds. Mr. Poladian
holds a Bachelor's degree in Accounting from Loyola Marymount University
and is a certified public accountant.
Ronald P. Spogli, 61, co-founded Freeman Spogli & Co., a private
investment firm, in 1983 after a career in investment banking with Dean
Witter Reynolds where he was a Managing Director responsible for mergers
and acquisition in the western United States. He rejoined the firm in
June 2009 after having served as the United States Ambassador to the
Italian Republic and the Republic of San Marino from August 2005 until
February 2009. Mr. Spogli graduated Phi Beta Kappa with great
distinction in history from Stanford University. He earned his Master's
degree in business administration from Harvard University.
"We are pleased to welcome both Dick and Ron to the Public Storage Board
of Trustees," said Ronald L. Havner, Jr., President and Chief Executive
Officer of Public Storage. "Their broad business experience will be an
invaluable asset as we continue to grow the Company."
Public Storage also announced today that Steven M. Glick has joined
Public Storage as Senior Vice President and Chief Legal Officer
reporting to Mr. Havner.
Mr. Glick was most recently Senior Vice President and General Counsel,
Americas for Technicolor (NYSE:TCH), a services, systems and technology
company. Steve received his B.S. from Elmira College, an M.Sc. from the
London School of Economics and a J.D. from the University of Connecticut
School of Law.
"We are looking forward to having Steve join the management team and
help us grow the Company and create shareholder value," said Mr. Havner.
Company Information
Public Storage, a member of the S&P 500 and The Forbes Global 2000, is a
fully integrated, self-administered and self-managed real estate
investment trust that primarily acquires, develops, owns and operates
self-storage facilities. The Company's headquarters are located in
Glendale, California. At December 31, 2009, the Company had interests in
2,010 self-storage facilities located in 38 states with approximately
127 million net rentable square feet in the United States and 188
storage facilities located in seven Western European nations with
approximately ten million net rentable square feet operated under the
"Shurgard" brand. The Company also owns a 41% common equity interest in
PS Business Parks (NYSE:PSB) which owned and operated approximately 19.6
million rentable square feet of commercial space, primarily flex,
multi-tenant office and industrial space, at December 31, 2009.
Additional information about Public Storage is available on the
Internet. The Company's web site is www.publicstorage.com.
Source: Public Storage
Contact: Public Storage
Clemente Teng
(818) 244-8080