Public Storage 2009 Annual Report Download - page 78

Download and view the complete annual report

Please find page 78 of the 2009 Public Storage annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 132

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132

60
PART III
ITEM 10. Trustees, Executive Officers and Corporate Governance
The information required by this item with respect to trustees is hereby incorporated by reference to the
material appearing in the Company’s definitive proxy statement to be filed in connection with the annual
shareholders’ meeting scheduled to be held on May 6, 2010 (the Proxy Statement”) under the caption “Election of
Trustees.”
The information required by this item with respect to the nominating process, the audit committee and the
audit committee financial expert is hereby incorporated by reference to the material appearing in the Proxy
Statement under the captions “Corporate Governance and Board Matters—Audit Committee”, “Corporate
Governance and Board Matters—Consideration of Candidates for Trustee”.
The information required by this item with respect to Section 16(a) compliance is hereby incorporated by
reference to the material appearing in the Proxy Statement under the caption “Section 16(a) Beneficial Ownership
Reporting Compliance.”
The information required by this item with respect to a code of ethics is hereby incorporated by reference
to the material appearing in the Proxy Statement under the caption “Corporate Governance and Board Matters.”
Any amendments to or waivers of the code of ethics granted to the Company’s executive officers or the controller
will be published promptly on our website or by other appropriate means in accordance with SEC rules and
regulations.
The following is a biographical summary of the current executive officers of the Company:
Ronald L. Havner, Jr., age 52, has been the Vice-Chairman, Chief Executive Officer and a member of the
Board of Public Storage since November 2002 and President since July 1, 2005. Mr. Havner joined Public Storage
in 1986 and held a variety of senior management positions until his appointment as Vice-Chairman and Chief
Executive Officer in 2002. Mr. Havner has been Chairman of Public Storage’s affiliate, PS Business Parks, Inc.
(PSB), since March 1998 and was Chief Executive Officer of PSB from March 1998 until August 2003. He is also
a member of the Board of Governors and the Executive Committee of the National Association of Real Estate
Investment Trusts, Inc. (NAREIT). He is also a director of Business Machine Security, Inc., General Finance
Corporation and a member of the NYU REIT Center Board of Advisors.
John Reyes, age 49, Senior Vice President and Chief Financial Officer, joined Public Storage in 1990 and
was Controller of Public Storage from 1992 until December 1996 when he became Chief Financial Officer. He
became a Vice President of Public Storage in November 1995 and a Senior Vice President of Public Storage in
December 1996. From 1983 to 1990, Mr. Reyes was employed by Ernst & Young as a certified public accountant.
Mark C. Good, age 53, became Senior Vice President and Chief Operating Officer of Public Storage on
September 8, 2008. Before joining Public Storage, Mr. Good was with Sears Holdings Corporation since 1997,
where he was Executive Vice President and General Manager of Sears Home Services, the nation's largest home
appliance repair and home improvement services organization with annual revenues of approximately $3 billion.
Mr. Good also served as a director of Sears Canada, Inc.
David F. Doll, age 51, became Senior Vice President and President, Real Estate Group, in February 2005,
with responsibility for the real estate activities of Public Storage, including property acquisitions, developments,
repackagings, and capital improvements. Before joining Public Storage, Mr. Doll was Senior Executive Vice
President of Development for Westfield Corporation, a major international owner and operator of shopping malls,
where he was employed since 1995.
Candace N. Krol, age 48, became Senior Vice President of Human Resources in September 2005. From
1985 until joining Public Storage, Ms. Krol was employed by Parsons Corporation, a global engineering and