Message #16 From:
NewsBot Date: December 29, 2006 02:01:00 PM
PSA News Robert J. Abernethy Retires from Public Storage Board
GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage, Inc. (NYSE:PSA) announced that Robert J. Abernethy will
retire from the Board of Directors of Public Storage, Inc., effective
January 1, 2007. Mr. Abernethy has been a member of the Public Storage
Board since 1980 and has also served on the Board’s
Audit and Compensation Committees.
“On behalf of the Board of Directors and our
employees, we wish to express our deep appreciation to Bob Abernethy for
his many years of dedicated service on the Public Storage Board,”
said Ronald L. Havner, Jr., President and Chief Executive Officer of
Public Storage. “Bob joined the Board in 1980
as the company was being formed and went public with a $30 million
initial public offering. Today, Public Storage is the world’s
largest owner and operator of self-storage space with a market
capitalization of $20 billion. As an industry veteran, Bob Abernethy
helped guide and transform the company through this period of dynamic
growth while we built long term value for our stockholders. We have
benefited greatly during these critical growth years from his extensive
business experience, insight and leadership on the Board, and we wish
him well in his future endeavors.”
Company Information
Public Storage, Inc., 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 storage facilities. The Company’s
headquarters are located in Glendale, California. The Company’s
storage properties are located in 38 states and seven European nations.
At September 30, 2006, the Company had interests in 2,003 storage
facilities with approximately 126.4 million net rentable square feet in
the United States and 160 storage facilities with approximately 8.4
million net rentable square feet in Europe.
Additional information about Public Storage, Inc. is available on the
Internet. The Company’s web site is www.publicstorage.com.
