Ronald L. Havner, Jr. is the CEO of Public Storage, one of the largest self-storage companies in the U.S. He started his journey with the company back in 1986 and took over as CEO in 2002. Throughout his time, he...
Ronald L. Havner, Jr. is the CEO of Public Storage, one of the largest self-storage companies in the U.S. He started his journey with the company back in 1986 and took over as CEO in 2002. Throughout his time, he has been a steady force, focusing on the company's growth and aligning it with shareholder interests. In 2014, under his leadership, the company saw a 27% increase in total shareholder return. However, it hasn’t always been smooth sailing; in 2019, no bonuses were given to Mr. Havner as the company did not meet its performance targets. This reflects a compensation structure that's heavily tied to performance—meaning he earns more when the company does well, and less when it doesn't. Outside Public Storage, he has been involved with various boards, including Union Bank of California. Currently, he holds over 20,000 shares in the company, showing he has skin in the game. His education includes a business degree from UC Berkeley, which complements his extensive management experience.