Public Storage Appoints New Independent Trustee
25 Juillet 2024 - 10:17PM
Business Wire
Public Storage (NYSE:PSA) (the “Company”) announced today the
appointment of Maria R. Hawthorne to its Board of Trustees,
effective immediately, with an initial term expiring at the 2025
annual meeting of shareholders. Ms. Hawthorne will serve as a
member of the Audit Committee.
Ms. Hawthorne brings over 35 years of real estate industry
experience, including extensive executive management, operational,
and leadership development experience. Ms. Hawthorne has been a
member of the board of directors of Essex Property Trust, Inc.
(NYSE:ESS), a REIT that acquires, develops, redevelops, and manages
multifamily residential properties, since March 2020, and of ASGN
Incorporated (NYSE:ASGN), a leading provider of IT services and
solutions to commercial and government sectors, since June 2021.
She is a member of the audit committee of Essex Property Trust and
is chair of the audit committee of ASGN. She served as a director
of PS Business Parks, Inc. (former NYSE:PSB) from July 2016 until
its sale in July 2022.
Ms. Hawthorne previously served as President and Chief Executive
Officer of PS Business Parks, Inc. from August 2015 and July 2016,
respectively, until her retirement in September 2020. Prior to her
appointment as President and Chief Executive Officer, she served in
various leadership roles at PS Business Parks since joining the
company in 1988, including as Interim Chief Operating Officer,
acting Chief Financial Officer, Chief Administrative Officer, and
Executive Vice President, East Coast.
“We are pleased to welcome Maria Hawthorne to the Board of
Trustees of Public Storage,” said Ronald L. Havner, Public
Storage’s Chairman. “Maria brings significant leadership acumen to
our Board, and her deep experience as both a corporate executive
and director will serve Public Storage and our stakeholders well
into the future.”
About Public Storage
Public Storage, a member of the S&P 500 and FT Global 500,
is a REIT that primarily acquires, develops, owns, and operates
self-storage facilities. At March 31, 2024, we had: (i) interests
in 3,045 self-storage facilities located in 40 states with
approximately 218 million net rentable square feet in the United
States and (ii) a 35% common equity interest in Shurgard Self
Storage Limited (Euronext Brussels:SHUR), which owned 279
self-storage facilities located in seven Western European nations
with approximately 15 million net rentable square feet operated
under the Shurgard® brand. Our headquarters are located in
Glendale, California.
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Ryan Burke (818) 244-8080, Ext. 1141
Public Storage (NYSE:PSA)
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