BEST PRICE. BEST SERVICE.
Menu Menu close

Governance

Our Board of Directors is elected by our shareholders and is committed to strong corporate governance practices. It supervises the management of our business and affairs. Our Senior Management works closely with the Board.

Marc Oursin
Chief Executive Officer

Marc Oursin has been the Chief Executive Officer of Shurgard Self-Storage SSA since January 2012.

Marc held different executive positions for major retailers. In 2010 and 2011, Marc managed the turnaround of Sport 2000 in France with the Private Equity firm Activa Capital. He started his professional career with Promodes from 1987 to 1995 in France and Switzerland, then transferred to Carrefour from 1995 until 2009 in France, Thailand, South Korea, Taiwan and Belgium.

He also served abroad on the boards of the different French chambers of commerce. Marc holds an MBA from Essec Business School Paris and a Master degree in Agricultural Engineering from AgroParisTech.

Marc Oursin

Board of Directors

The Board of Directors currently consists of 11 members:

Name Board Role

Ronald L. Havner
Chairman since September 2018

Mr Ronald L. Havner, Jr., has been Chairman and Chief Executive Officer of Public Storage since August 2011 and November 2002, respectively.

Mr Havner joined Public Storage in 1986 and has held a variety of senior management positions. Mr Havner has been Chairman of the Board of Public Storage’s affiliate, PS Business Parks, Inc. (“PSB”) since March 1998 and previously served as PSB's Chief Executive Officer.

Mr Havner has served as an independent director of many other companies, including his current service as a member of the Board of AvalonBay Communities, Inc. (NYSE: AVB) since September 2014 where he is also a member of the Audit Committee and the Investment and Finance Committee. Mr Havner was also the 2014 Chairman of the Board of Governors of the National Association of Real Estate Investment Trusts, Inc. (NAREIT). Mr Havner also serves as director at Huntington Hospital.

Mr Havner holds a Bachelor of Arts in Economics from the University of California, Los Angeles. Effective January 1, 2019, Mr Havner will step down from his position as CEO of Public Storage. He will remain Chairman of the Board of Public Storage.

Marc Oursin
CEO since January 2012

Mr Marc Oursin has been the Chief Executive Officer of the Company since January 2012.

Mr Oursin has held different senior management positions for a number of major retailers. In 2010 and 2011, Mr Oursin managed the turnaround of Sport 2000 in France with the Private Equity firm Activa Capital.

He started his professional career with Promodes from 1987 to 1995 in France and Switzerland, then transferred to Carrefour from 1995 to 2009 working in France, Thailand, South Korea, Taiwan and Belgium.

Mr Oursin also served abroad on the boards of different French chambers of commerce. Mr Oursin holds an MBA from Essec Business School Paris and a degree in Agricultural Engineering from AgroParisTech.

Z. Jamie Behar
Director since September 2018

Ms Z. Jamie Behar was Managing Director, Real Estate & Alternative Investments, for GM Investment Management Corporation (GMIMCo) from 2005 to 2015, where she was responsible for the management of approximately $12 billion at peak portfolio value in real estate, energy and timber investments on behalf of both General Motors Company and other unaffiliated clients.

Ms Behar serves on the Board of Directors of Sunstone Hotel Investors, Inc., Gramercy Property Trust, Forest City Realty Trust and Broadstone Real Estate Access Fund.

Ms Behar was a member of the Board of Directors of Desarrolladora Homex SAB de CV, Hospitality Europe, B.V., the Pension Real Estate Association (PREA) and the Real Estate Investment Advisory Council of the National Association of Real Estate Investment Trusts (NAREIT) from its inception through 2015.

Ms Behar holds a BSE from The Wharton School, University of Pennsylvania, an MBA from Columbia University Graduate School of Business and the Chartered Financial Analyst (CFA) designation

Daniel C. Staton
Director since September 2018

Mr Daniel C. Staton is an Independent Trustee of Public Storage. Mr Staton joined the Board of Directors of Public Storage in March 1999, and is Chairman of the compensation committee and a member of the audit committee.

Mr Staton founded Staton Capital LLC, an investment and venture capital firm, in 2003 and serves as Chairman and Managing Director. Mr Staton is non-executive chairman of the board of ARMOUR Residential REIT Inc (NYSE: ARR).

He has been the non-executive chairman of ARMOUR since November 2009 and was the President, Chief Executive Officer and Director of Enterprise Acquisition Corp. from its inception in 2007 until its merger with ARMOUR Residential REIT in November 2009.

Mr Staton also served as non-executive chairman of Javelin Mortgage Investment Corp, a mortgage REIT, from 2012 until its merger with Armour Residential REIT in April 2016. Since January 2015, Mr Staton has indirectly owned a minority limited partnership interest in ACM.

Mr Staton was chief operating officer and board member of Duke Realty (NYSE:DRE) from 1981 to 1999 and served as chairman of Storage Realty Trust from 1997 to 1999, when he led its merger with Public Storage (NYSE:PSA).

Mr Staton has served as a director of Terran Orbital and Here Today and also served as chairman of FriendFinder Networks Inc.

John Carrafiell
Director since September 2018

Mr John Carrafiell co-founded GreenOak Real Estate in 2010, a global private equity and debt real estate investment management and advisory firm with $11 billion in assets under management. Prior to that, Mr Carrafiell worked at Morgan Stanley from 1987 to 2009, holding various senior positions including Managing Director & Head of Real Estate Europe, a member of the European Investment Banking Division Operating Committee, Global Co-Head of Real Estate and a member of the Global Investment Banking Division’s Operating Committee.

In 2015, Mr Carrafiell joined the Supervisory Board and became a member of the Audit Committee of Klepierre, Europe’s second largest REIT. In 2017, he was appointed Chairman of the Audit Committee of Klepierre.

Mr Carrafiell’s previous Board experience includes serving as a member of the Board of Directors and Chairman of the Audit Committee of Canary Warf Group Plc; a director of the Supervisory Board and member the Audit Committee of Corio N.V. (previously listed on the Amsterdam and Euronext Paris Stock Exchanges); a director of the Supervisory Board of Deutsche Immobilien Chancen AG & Co. (SDAX – Frankfurt Stock Exchange); a director of Grupo Lar; a director of the Executive Board of the European Public Real Estate Association; and a Trustee of the Urban Land Institute and member of its Finance and Endowment Committee.

Mr Carrafiell is a Sterling Fellow of, and holds a Bachelor of Arts degree (BA) from, Yale University, where he serves as Chairman of the Yale School of Architecture Dean’s Council.

Olivier Faujour
Director since September 2018

Mr Olivier Faujour worked at General Mills International from 2010 to 2018 and served in executive leadership roles that included Global CEO of Haagen-Dazs & Yoplait and President of General Mills France, Southern Europe, Benelux.

Mr Faujour also served on the board of directors of the Yoplait joint venture as Executive Chairman. Mr Faujour is also an advisor for KKR & Co Inc. and for several digital companies with active consulting roles linked to the World Federation of Advertisers (WFA), Google, Amazon and other digital stakeholders.

Prior to joining General Mills, Mr. Faujour served in various roles at Michelin, Danone and Procter & Gamble. Mr Faujour holds a diploma from ESCP Europe Graduate Business School.

Frank Fiskers
Director since September 2018

Mr Frank Fiskers is a member of the board of directors of Scandic Hotels Group AB of which he was previously president and CEO. For two years, starting in 2010, Mr Fiskers served on the board of directors, as chairman, of Akademibokhandln.

Mr Fiskers also joined the board of directors of Norstedt, as chairman, where he served until 2013. Mr Fiskers has also served as a board member of the Swedish Hospitality Employers Association, Dame Thomas Foundation for Young People, and British Hospitality Association.

Previously, Mr Fiskers served as Chief Executive Officer Scandinavian hotel chain First Hotels and of retailer Kooperativa Forbundet (KF), as well as in various management positions within Hilton Hotels Corporation.

Mr Fiskers attended William & Mary University, Cornell University, London School of Economics and IMD.

Ian Marcus
Director since September 2018

Mr Ian Marcus is a Crown Estate Commissioner, the senior independent non-executive director at Secure Income REIT PLC and a non-executive director at Town Centre Securities plc.

He is a senior adviser to Eastdil Secured and Wells Fargo Securities, and to Elysian Residences Limited and Work.Life.

Mr Marcus is also a Trustee of the Prince's Foundation, a member of Redevco NV's advisory board, chairman of the European advisory board of The Wharton Business School Real Estate Faculty, and vice-president, Cambridge University Land Society.

Formerly, Mr Marcus was Chairman of the Bank of England’s Commercial Property Forum, a member of the real estate advisory board of the department of land economy at the University of Cambridge, chairman of The Prince’s Regeneration Trust and chairman of the European Real Estate Investment Banking division of Credit Suisse.

He is a past president of the British Property Foundation and a past chairman of the Investment Property Forum

Padraig McCarthy
Director since September 2018

Mr Padraig McCarthy has served on the board of directors of SES Astra, a fully owned subsidiary of SES and Europe's leading satellite operator, since 2013.

He was an executive member of the board until April 2018. In 2013, Mr McCarthy also joined the board of directors of SES Insurance International and SES Insurance International Re, SES's insurance companies, which lace satellite insurance both externally and through its captive company.

Mr McCarthy has served in various financial leadership positions at SES during his 23-year tenure, including Chief Financial Officer from 2013 to 2018. He has also served on various other board roles with SES for wholly- and non-wholly-owned entities.

Prior to joining SES, Mr McCarthy was Financial Director, Europe for Norton S.A. Mr. McCarthy holds a Honours Bachelor of Commerce from University College Cork.

He is a Fellow of the Irish institute of Chartered Accountants, and attended the Babson College U.A., Advanced Management Program and the INSEAD, Advanced Management Program.

Isabelle Moins
Director since September 2018

Ms Isabelle Moins leads April International Care France, an April Group company (APR – Euronext), which designs, manages and distributes insurance solutions for individuals, professionals and businesses.

Between 2015 and 2018, she served in various leadership roles at Aviva France, prior to which she was the Chief Digital Officer at April Insurance, Vice President of Digital at SFR and Chief Executive Officer of announcejaunes.fr at Pages Jaunes.

From 1994 to 2006 she held various positions at Orange Group (previously France Telecom), NEC corp in Japan and Squarus-Groupe EGOR.

Ms Moins holds a degree from the Paris Institute of Political Studies and a Master’s Degree in Japanese from National Institute for Oriental Languages & Civilizations.

Muriel De Lathouwer
Director since September 2018

Ms Muriel De Lathouwer is an Independent Board Member of CFE (an industrial group) and Amoobi (a technology company focusing on retail store performance optimization solutions) and a Board Member of the International Association for Broadcast & Media Technology Suppliers (IABM).

From 2014 to 2018 she served as CEO and managing director of EVS, (EVS – Euronext Brussels), an international company and the global leader in live outside broadcast digital video production systems.

From 2012 to 2014 she served as co-founder of Ariade Carbone, an engineering and environmental consulting firm focusing on sustainable buildings. She owns MucH, a consulting firm with a focus on sustainable real estate.

She served as Chief Marketing Officer at Base, KPN Group Belgium from 2008 to 2009.

She started her career as an IT consultant at Accenture and joined McKinsey & Company as an Associate Principal from 2001 to 2008 where she served clients internationally on issues in the Media, Telecom and High-Tech sectors.

Ms De Lathouwer holds a Master’s degree in Nuclear Physics Engineering from the University of Brussels and a MBA from INSEAD, Fontainebleau. She has presented at multiple global conferences and was a finalist in the 2017 manager of the year elections by the Belgian magazine Trends.

Shareholder Structure

The following table presents the beneficial ownership of the shares post-closing of the Offering (‘Closing Date’) – assuming no exercise of the Put option1:

  Number Percentage
Public Storage 31,268,459 35.2
Major Existing Institutional Investor 32,544,722 36.6
Shurgard Self Storage SA (Treasury Shares) 122,500 0.1
Public 25,000,000 28.1
Total 88,935,681 100.0

1 The Put Option provides the Stabilization Manager (J.P. Morgan Securities plc) with an option to resell to the Company up to 13% of the number of Offer Shares subscribed for in the Private Placement, which are purchased by the Stabilization Manager for stabilization purposes. Any Shares so purchased by the Company pursuant to the Put Option will be held by the Company as treasury Shares.

Management Disclosures

In compliance with the disclosure requirements of the regulatory authorities, the details of all transactions by members of the Board of Directors and Executives of Shurgard Self Storage are disclosed below


Feefo Gold Trusted Merchant    Fedessa