Business
Public Storage Announces PS4.0™ — A New Era of Leadership, Growth and Value Creation
FRISCO, Texas, February 12, 2026--Public Storage (NYSE: PSA, the "Company"), the world’s largest owner of self-storage facilities, today unveiled PS4.0, a generational 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.
About this update from Public Storage
[{"type":"text","content":"Public Storage’s Fourth Era of Leadership, PS4.0, Set to Launch PS Next™ Operating Platform, Value Creation Engine and Own It Culture with Strategic Alignment to Long-Term Value Creation","length":186,"tagName":"p","attribs":{}},{"type":"text","content":"Tom Boyle to Succeed Joe Russell as Chief Executive Officer Effective April 1, 2026","length":83,"tagName":"p","attribs":{}},{"type":"text","content":"Shankh Mitra to Succeed Ron Havner as non-executive Chairman of the Board Effective April 1, 2026","length":97,"tagName":"p","attribs":{}},{"type":"text","content":"Shankh Mitra Invested $25 million and Ron Havner Invested $5 million in 10 Year Out-of-the-Money Options Demonstrating Their Confidence in and Commitment to the New Leadership Team","length":180,"tagName":"p","attribs":{}},{"type":"text","content":"Joe Fisher to Join Public Storage as President, Chief Financial Officer","length":71,"tagName":"p","attribs":{}},{"type":"text","content":"Natalia Johnson Promoted to President, Chief Digital and Transformation Officer","length":79,"tagName":"p","attribs":{}},{"type":"text","content":"Chris Sambar Promoted to President, Chief Operating Officer","length":59,"tagName":"p","attribs":{}},{"type":"text","content":"Public Storage to Relocate Corporate Headquarters to Frisco, Texas in the Dallas Metropolitan Area","length":98,"tagName":"p","attribs":{}},{"type":"text","content":"FRISCO, Texas, February 12, 2026--(BUSINESS WIRE)--Public Storage (NYSE: PSA, the "Company"), the world’s largest owner of self-storage facilities, today unveiled PS4.0, a generational 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.","length":520,"tagName":"p"},{"type":"text","content":"Leadership Transitions","length":22,"tagName":"p"},{"type":"text","content":"Public Storage announced key leadership appointments to drive the PS4.0 vision and execution:","length":93,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Tom Boyle, the Company's current Chief Financial and Investment Officer, has been appointed to Chief Executive Officer, effective Apri...