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PS Business Parks Inc (PSB.N)

PSB.N on New York Stock Exchange

119.25USD
19 Jan 2018
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Summary

Name Age Since Current Position

Ronald Havner

59 2016 Chairman and Chief Executive Officer of Public Storage

Maria Hawthorne

57 2017 President, Chief Executive Officer, Principal Financial Officer, Principal Accounting Officer, Director

Joseph Russell

57 2016 President of Public Storage, Director

John Petersen

53 2004 Chief Operating Officer, Executive Vice President

Jennifer Dunbar

54 2009 Independent Director

James Kropp

68 2016 Independent presiding Director

Sara Lewis

49 2016 Independent Director

Gary Pruitt

67 2012 Independent Director

Robert Rollo

69 2013 Independent Director

Peter Schultz

69 2012 Independent Director

Biographies

Name Description

Ronald Havner

Mr. Ronald L. Havner, Jr. is a Chairman of the Board of PS Business Parks and Chief Executive Officer of Public Storage. Mr. Havner has been Chairman of the Board of PS Business Parks since March 1998. Mr. Havner has been Chief Executive Officer of Public Storage since November 2002. Mr. Havner also serves as a director of AvalonBay Communities, Inc. (NYSE: AVB) and California Resources Corp. (NYSE: CRC) Mr. Havner was the 2014 Chairman of the Board of Governors of the National Association of Real Estate Investment Trusts, Inc. (NAREIT).

Maria Hawthorne

Ms. Maria R. Hawthorne is re designated as President, Chief Executive Officer, Principal Financial Officer, Principal Accounting Officer, Director of PS Business Parks, Inc. Ms. Hawthorne has served as Chief Executive Officer and President of the Company since July 2016 and August 2015, respectively. Ms. Hawthorne was also elected as a member of our Board in July 2016. Ms. Hawthorne most recently served as Executive Vice President, Chief Administrative Officer of the Company from July 2013 to August 2015. Prior to that, Ms. Hawthorne served as the Company’s Executive Vice President, East Coast from February 2011 to July 2013. Ms. Hawthorne served as the Company’s Senior Vice President from March 2004 to February 2011, with responsibility for property operations on the East Coast, which included Northern Virginia, Maryland and South Florida. From June 2001 through March 2004, Ms. Hawthorne was a Vice President of the Company, responsible for property operations in Virginia. From July 1994 to June 2001, Ms. Hawthorne was a Regional Manager of the Company in Virginia. From August 1988 to July 1994, Ms. Hawthorne was a General Manager, Leasing Director and Property Manager for American Office Park Properties. Ms. Hawthorne earned Bachelor of Arts Degree in International Relations from Pomona College.

Joseph Russell

Mr. Joseph Darryl Russell, Jr. is President of Public Storage and Director of PS Business Parks, Inc. Mr. Russell has been a director of PS Business Parks since August 2003. Mr. Russell has been President of Public Storage since July 2016. Previously, Mr. Russell was Chief Executive Officer of PS Business Parks from August 2003 until July 2016, and President of PS Business Parks from September 2002 to August 2015. Before joining PS Business Parks, Mr. Russell had been employed by Spieker Properties, an owner and operator of office and industrial properties in Northern California (Spieker), and its predecessor, for more than ten years, becoming an officer of Spieker when it became a publicly held REIT in 1993.

John Petersen

Mr. John W. Petersen is the Chief Operating Officer and Executive Vice President of PS Business Parks, Inc. Prior to joining the Company, Mr. Petersen was Senior Vice President, San Jose Region, for Equity Office Properties from July, 2001 to December, 2004, responsible for 11.3 million square feet of multi-tenant office, industrial and R&D space in Silicon Valley. Prior to EOP, Mr. Petersen was Senior Vice President with Spieker Properties, from 1995 to 2001 overseeing the growth of that company’s portfolio in San Jose, through acquisition and development of nearly three million square feet. Mr. Petersen is a graduate of The Colorado College in Colorado Springs, Colorado, and was recently the President of National Association of Industrial and Office Parks, Silicon Valley Chapter.

Jennifer Dunbar

Ms. Jennifer Holden Dunbar serves as an Independent Director of PS Business Parks, Inc. Ms. Dunbar has been a director of PS Business Parks since February 2009. From 1994 to 1998, Ms. Dunbar was a partner with Leonard Green and Partners, L.P., a private equity firm she first joined in 1989. Ms. Dunbar has served as Co-Founder and Managing Director of Dunbar Partners, LLC, an investment and advisory services firm, since March 2005. Ms. Dunbar is also a director of Big 5 Sporting Goods Corporation (NASDAQ: BGFV), where she serves on the audit and compensation committees and chairs the nominating and corporate governance committee. Ms. Dunbar has served on the board of trustees of various funds in the PIMCO Funds complex since April 2015 (144 funds as of year-end 2016) and February 2016 (18 funds as of year-end 2016), respectively, where she is a member of the audit, governance and valuation oversight committees of each board. Ms. Dunbar is the chair of the governance committee of the board that oversees the PIMCO equity trusts. Each of the PIMCO entities is a registered investment company under the Investment Company Act of 1940, as amended.

James Kropp

Mr. James H. Kropp serves as an Independent presiding Director of PS Business Parks, Inc. Mr. Kropp has been a director of PS Business Parks since March 1998. Mr. Kropp has served as Chief Investment Officer at SLKW Investments LLC since 2009 and as Chief Financial Officer of Microproperties LLC, an owner and asset manager of net leased restaurant properties, since August 2012. Mr. Kropp served as interim Chief Financial Officer of TaxEase LLC from 2009 to February 2013. Mr. Kropp is also a director of Corporate Capital Trust, Inc. and Corporate Capital Trust II, registered investment companies, and American Homes 4 Rent LLC (NYSE: AMH), a leader in the home rental market.

Sara Lewis

Ms. Sara Grootwassink Lewis serves as an Independent Director of PS Business Parks, Inc. Ms. Lewis has been a director of PS Business Parks since February 2010. She is Chief Executive Officer of Lewis Corporate Advisors, LLC, a capital markets advisory firm. Ms. Lewis previously served as Executive Vice President and Chief Financial Officer of Washington Real Estate Investment Trust (NYSE: WRE), which owns and operates a diversified group of properties in the Washington, D.C. area, from May 2002 through February 2009. Ms. Lewis serves on the board of Sun Life Financial (NYSE: SLF) and on the board of Weyerhaeuser (NYSE: WY) following its acquisition of Plum Creek Timber, where she served on the board from 2013 to 2016. Ms. Lewis previously served on the board of directors of CapitalSource from 2004 until its merger in 2014, and the board of directors of Adamas Pharmaceuticals (NASDAQ: ADMS) from 2014 to 2016. Ms. Lewis is a member of the board of trustees of the Brookings Institution and a Standing Advisory Group member of the Public Company Oversight Board (PCAOB). Ms. Lewis is also a United States Chamber of Commerce Center for Capital Markets Competitiveness Leadership Board Member.

Gary Pruitt

Mr. Gary E. Pruitt serves as an Independent Director of PS Business Parks, Inc. Mr. Pruitt has served as a director of PS Business Parks since February 2012. He served as Chairman and Chief Executive Officer of Univar N.V. (Univar) from 2002 until his retirement as Chief Executive Officer in 2010 and as Chairman in 2011. Univar is a chemical distribution company based in Bellevue, Washington, with distribution centers in the United States, Canada and Europe. Mr. Pruitt is also a trustee of Public Storage and a director of Itron, Inc. (NASDAQ: ITRI) and Esterline Technologies Corp. (NYSE: ESL).

Robert Rollo

Mr. Robert S. Rollo is an Independent Director of PS Business Parks, Inc. Mr. Rollo has served as a director of PS Business Parks since October 2013. He is the Company’s Independent Presiding Director for 2017. Mr. Rollo most recently served as a Senior Partner at Heidrick and Struggles (Heidrick) in Los Angeles from 2006 until his retirement in 2012. Heidrick is a leading international leadership advisory and executive search firm. Mr. Rollo is a past trustee of the University of Southern California and is Chairman Emeritus of the Southern California Chapter of the National Association of Corporate Directors.

Peter Schultz

Mr. Peter Schultz serves as an Independent Director of PS Business Parks, Inc. Mr. Schultz has been a director of PS Business Parks since February 2012. He served as President, Chief Executive Officer and a director of The Beacon Group, Inc. (Beacon) and its affiliates for more than 25 years until his retirement in 2010. Beacon, based in Southern California, and its affiliates, are engaged in the development and management of more than three million square feet of retail, industrial, hospitality and residential projects.

Basic Compensation

Name Fiscal Year Total

Ronald Havner

40,818

Maria Hawthorne

3,524,210

Joseph Russell

3,429,680

John Petersen

2,066,360

Jennifer Dunbar

73,818

James Kropp

81,818

Sara Lewis

84,318

Gary Pruitt

62,818

Robert Rollo

65,318

Peter Schultz

68,568
As Of  31 Dec 2016

Options Compensation

Name Options Value

Ronald Havner

275,036 4,549,761

Maria Hawthorne

49,884 1,013,026

Joseph Russell

200,686 3,098,480

John Petersen

409,770 0

Jennifer Dunbar

0 0

James Kropp

0 0

Sara Lewis

0 0

Gary Pruitt

0 0

Robert Rollo

0 0

Peter Schultz

0 0