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Extra Space Storage COO Karl Haas to retire

Staff writer | Salt Lake City, Ut., USA | September 6, 2013
Extra Space StorageExtra Space Storage announced that effective Karl Haas, the company's executive vice president and chief operating officer, will retire, effective December 31, 2013.
Mr. Haas has spent 25 years in the self storage industry.

He joined Extra Space Storage in July 2005 and is responsible for the day-to-day operations.

Prior to joining Extra Space Storage, he served as the Executive Vice President of Operations for Storage USA since 1994.

From 1988 to 1994, he served in various executive positions for Storage USA.

Prior to Storage USA, Mr. Haas was the controller at Hitman Medical Systems, and served in various audit roles with Arthur Young.

He received his BA from the University of Maryland and obtained his CPA in 1973.

The Company's Board of Directors intends to appoint Mr. Haas to the Board following his retirement.

The company also announced that it intends to appoint Samrat Sondhi as Senior Vice President Operations, effective upon Mr. Haas' retirement.

Mr. Sondhi has been a member of the Company's senior management team for eight years, operating in various roles including Divisional Vice President, covering core markets across the United States, and Senior Vice President Revenue Management.

Prior to joining the Company, Mr. Sondhi served for two years as Vice President Revenue Management for Storage USA, which was purchased by the Company in July 2005.

Prior to joining Storage USA, he worked as a consultant with Deloitte Consulting.

Mr. Sondhi holds a Master's degree in Business Administration from Carnegie Mellon University and a Bachelor's degree in Electronics from Pune University, India.

The company also announced that Hugh W. Horne tendered his resignation from the Company's Board of Directors, effective December 31, 2013.

Mr. Horne is the Chief Executive Officer of Horne RPC Storage I, L.P., which was formed in 2012.

He served as President and CEO of Storageworld, L.P. and Storage Spot, Inc. from 1998 through 2009.

From 1972 through 1997, he was employed by Public Storage, Inc., where he served in a number of capacities.

His primary responsibility was that of President of the Real Estate Development Group.

At Public Storage, Mr. Horne also served as Corporate Secretary and as Vice President of Public Storage Management, Inc., its property management subsidiary.

He holds a B.S. in business from Eastern New Mexico University.

He has been a member of our board of directors since August 2004 and was selected to serve as a member of Extra Space Storage board of directors.