Public Storage Unveils PS4.0 Leadership Transition and Strategic Vision

Public Storage unveiled PS4.0, a leadership transition and strategic vision designed to "accelerate long-term relative total shareholder return through elevating the customer and employee experience, expanding margins and performance of its industry leading operating platform, and capturing the portfolio growth opportunity across a highly fragmented sector," the company said. Public Storage announced key leadership appointments to drive the PS4.0 vision and execution: Tom Boyle, the Company's current Chief Financial and Investment Officer, has been appointed to Chief Executive Officer, effective April 1, 2026 ; Joe Russell will be retiring from his roles as President and Chief Executive Officer on March 31, 2026, and will provide consulting services to the Company through March 31, 2027, to support the transition; Joe Fisher has been appointed President, Chief Financial Officer, effective February 16, 2026. He was most recently the President, Chief Financial and Investment Officer at UDR, an S&P 500 multifamily REIT; Natalia Johnson, the Company's current Chief Administrative Officer, is being promoted to President, Chief Digital and Transformation Officer; Chris Sambar is being promoted to President, Chief Operating Officer and will now also oversee our PS Advantage third-party management platform; Ayash Basu has joined as Chief Revenue and Marketing Officer. He most recently served as a Managing Director & Partner at the Boston Consulting Group