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CFO for UK Self-Storage Operator Safestore Holdings Announces Retirement

October 2, 2023

1 Min Read
CFO for UK Self-Storage Operator Safestore Holdings Announces Retirement

Andy Jones, chief financial officer for U.K.-based self-storage operator Safestore Holdings PL, has announced his plans to retire. He will remain in the role until a successor is found and the transition is complete, according to sources.

Jones joined Safestore in 2013 and has been instrumental in the portfolio’s expansion, including entry into four new markets. He oversaw a period of sector-leading growth and shareholder returns, with revenue rising by 120%, earnings per share by 330%, and market capitalization by 575%, sources stated.

“He has been an excellent and trusted support to me and instrumental in delivering the market-leading progress of the business in that time,” said CEO Frederic Vecchioli.

“It has been a privilege to be part of Safestore's progress since 2013. Safestore is an outstanding company with a fantastic team and an exciting future ahead. I will be staying with the business until the transition to my successor is complete, and I look forward to watching the business continue to grow over the years ahead,” Jones said.

Founded in 1998 and based in Hertfordshire, England, Safestore operates 181 self-storage facilities in France, Germany, Netherlands, Spain and the United Kingdom. Its properties comprise more than 7 million square feet of storage space and serve approximately 80,000 customers.

Sources:
Morningstar, Safestore Chief Financial Officer to Retire Once Successor Is Found
Investing.com, Safestore Holdings CFO Announces Retirement, Search for Successor Begins

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