Joe Russell, President and Chief Executive Officer of Public Storage recently revealed two senior management changes.
Nathaniel A. Vitan has been promoted to Senior Vice President, Chief Legal Officer and Corporate Secretary. Vitan joined the company in June 2016 as Vice President and Chief Counsel–Litigation and Operations.
Prior to joining Public Storage, he was Assistant General Counsel for Altria Client Services, Inc. and served as a Trial Practice and Appellate Litigation Attorney at Latham & Watkins LLP.
Nathan succeeds Lily Y. Hughes who tendered her resignation to pursue a Chief Legal Officer position at another public company with strong consideration given to being geographically closer to her family. Lily is committed to working in partnership with the team through May 31, 2019, in order to ensure an orderly transition.
“Lily has been an outstanding partner, and we are grateful for her integrity and leadership and the many contributions she brought to Public Storage,” said Russell. “The Public Storage team is keenly focused on succession planning across the Company, and we are excited to welcome Nathan to his new role. His multi-faceted experience, proven abilities and impeccable character make him well-suited for the position. The Company and its shareholders will benefit from his continued leadership going forward.”
At December 31, 2018, the REIT had interests in 2,429 self-storage facilities located in 38 states with approximately 162 million net rentable square feet in the United States, and it owned a 35.2% common equity interest in Shurgard Self Storage SA (Euronext Brussels:SHUR), which owned 232 self-storage facilities located in seven Western European nations with approximately 13 million net rentable square feet operated under the “Shurgard” brand.