Extra Space Storage Inc. announced a realignment of its executive management team. Kenneth M. Woolley, the company's chairman and chief executive officer, turns over the reins to current president, Spencer F. Kirk.Woolley, who founded the company in 1977, will leave his post to serve on a three-year assignment with his church.
Kirk has worked with Woolley in the self-storage business since 1998. He has been an integral part of the company's management team, has previous experience as a CEO and chairman of a public company, and is the company's largest private shareholder with approximately 3.3 million shares.
Extra Space Storage Inc., headquartered in Salt Lake City, Utah, is a fully integrated, self-administered and self-managed real estate investment trust that owns and/or operates 684 self-storage properties in 33 states and Washington, D.C. The company's properties comprise approximately 468,000 units and more than 50 million square feet of rentable space. For more information, visit www.extraspace.com.