CEO Appointment

RNS Number : 0267C

Safestore Holdings plc

01 March 2011

 



FOR IMMEDIATE RELEASE

1 March 2011

Safestore Holdings plc

 ("Safestore" or the "Company")

CEO Appointment

Safestore Holdings plc, the largest self storage retailer in the UK and Paris, announces that today Peter Gowers becomes Chief Executive Officer of the Company, following the retirement of his predecessor Steve Williams.

Peter, aged 38, joins from InterContinental Hotels Group PLC ('IHG') where most recently he was Chief Executive, Asia-Pacific.

Peter Gowers, Chief Executive Officer, commented:

"At Safestore we have a powerful combination of consumer brands, operational skills, real estate understanding and a national network that gives us a strong platform for the future. I am looking forward to working with the team and leading the business into the next phase of its development."

Peter began his career at Arthur D.Little before joining the strategy group of Bass PLC in 1999.  He joined Bass's hotel division as Head of Strategy in 2001 and became Head of Global Brand Services for IHG in 2003 before being appointed as IHG's Chief Marketing Officer in 2005, a role he held until 2007 before taking up his position as CEO, Asia Pacific.

Safestore Holdings plc confirms that there are no other disclosures to be made pursuant to paragraph 9.6.13R (1) - (6) of the Listing Rules of the UK Listing Authority regarding the appointment of Peter Gowers

-ENDS-

For further information, please contact:

Enquiries

Safestore Holdings plc
Richard Grainger, Chairman	Tel: [phone]
Peter Gowers, Chief Executive Officer	Tel: [phone]
www.safestore.com
Hudson Sandler
Nick Lyon / Wendy Baker	Tel: [phone]

Notes to editors:

·	Safestore is the UK's largest self storage group with 118 stores including 96 wholly owned stores and 12 stores under management throughout the UK and 22 stores in Paris.
·	The Company provides storage facilities to over 41,000 domestic and business customers.
·	Safestore (excluding Space Maker stores under management) has a maximum lettable area ("MLA") for self storage of 5.2 million sq ft (including 10 expansion pipeline stores) of which 2.94 million sq ft was occupied as at 31 October 2010.
·	As the UK's only national self storage provider, Safestore is uniquely positioned to meet the needs of companies requiring a national service.
·	A strong balance sheet and operational cash flow along with increased bank facilities allows Safestore to invest in continual improvements in the operational performance of its stores, in new store development and acquisitions where appropriate.
·	Safestore employs around 500 people.

 

END

 

 

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