CubeSmart, a publicly traded self-storage real estate investment trust and management company, has been recognized as a “Champion of Board Diversity” for the fifth time by the Forum of Executive Women (FOEW), a membership organization comprised of more than 450 female executives in Greater Philadelphia. The award honors companies in the area whose corporate boards are composed of at least 30 percent women, according to a press release.
“We believe our business is better because of the diversity of participation, thought and action that comes from the unique individuals who work with us, starting with our board and carrying through to every CubeSmart teammate,” said Christopher P. Marr, president and CEO of CubeSmart. “It’s an honor to be recognized for the gender diversity at our board level. We take great pride in embracing both what makes us different as well as the qualities that we collectively share as a CubeSmart team.”
CubeSmart and other honorees were featured in the FOEW annual report, “Women in Leadership,” which tracks the progress of women leaders in Philadelphia. Women hold more than 20 percent of board seats in the region. In all, 17 companies were recognized by the organization for board diversity, the release stated.
Based in Malvern, Pa., CubeSmart owns or manages 1,257 self-storage facilities across the United States. Its operating portfolio comprises 85 million square feet.
Founded in 1977, FOEW is comprised of individuals holding senior-most positions in corporations, not-for-profit organizations and public-sector entities in Greater Philadelphia, according to its website.