The transition marks a significant turning point for the self-storage REIT, as Russell concludes a tenure that the company clarified was not ended by any internal disputes. While Russell is stepping down from his executive and board duties, he is slated to remain with the firm in a consulting capacity through 2027. The move triggers a series of internal promotions aimed at streamlining the company’s digital and operational strategies.
Strengthening the Executive Suite
Effective Feb. 16, Public Storage will fill several high-level vacancies created by the shift. Joseph Fisher is set to succeed Boyle as the new chief financial officer, while the company has established a dual-presidency structure to manage its evolving portfolio. Natalia Johnson has been named president and chief digital and transformation officer, and Chris Sambar will take over as president and chief operating officer.The reorganization extends to the board of directors, where long-time chair Ronald Havner is scheduled to step down at the end of March. According to the company, independent director Shankh Mitra is expected to succeed Havner as chair. These changes come as Public Storage moves to refresh its upper management and integrate digital-first customer experiences across its national footprint.
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