Extra Space CEO Margolis to retire Dec 31; President Springer to become CEO Jan 1, 2027

Extra Space Storage Inc.

Joseph Margolis retires as CEO effective Dec 31, 2026; remains as advisor to the board.
Noah Springer, current President, becomes CEO and joins board Jan 1, 2027; base salary $850,000.
Springer, with EXR since 2006, led Management Plus platform (~2,000 locations) and promoted President Jan 2026.
Under Margolis, revenue tripled from $1.1B to $3.5B; market cap rose $9B to $30B; stores 1,400 to 4,400+.
Transition unanimously approved by Board after long-term succession planning; Margolis stays CEO through year-end.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

W. Noah Springer

Chief Executive Officer

EXR · Extra Space Storage Inc.

Effective: 2027-01-01
Filed: August 24, 2026, 6:34 AM ET

The Company also announced that, in connection with Mr. Margolis’ planned retirement, the Company’s board of directors selected W. Noah Springer, the Company’s current President, to succeed Mr. Margolis as Chief Executive Officer.

Appointed

W. Noah Springer

Director

EXR · Extra Space Storage Inc.

Effective: 2027-01-01
Filed: August 24, 2026, 6:34 AM ET

Mr. Springer will assume the responsibilities of Chief Executive Officer and will join the Company’s board of directors beginning January 1, 2027.

Departed

Joseph D. Margolis

Chief Executive Officer

EXR · Extra Space Storage Inc.

Effective: 2026-12-31
Successor: W. Noah Springer
Filed: August 24, 2026, 6:34 AM ET

On August 24, 2026, Extra Space Storage Inc. (the “Company”) announced that Joseph D. Margolis, the Company’s Chief Executive Officer, will retire effective as of December 31, 2026.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

W. Noah Springer changed role as Chief Executive Officer at Extra Space Storage Inc..

Action: selected to succeed
Role: Chief Executive Officer

Exact text from the filing

The Company also announced that, in connection with Mr. Margolis’ planned retirement, the Company’s board of directors selected W. Noah Springer, the Company’s current President, to succeed Mr. Margolis as Chief Executive Officer.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

W. Noah Springer was appointed as Director at Extra Space Storage Inc..

Action: join
Role: Director

Exact text from the filing

Mr. Springer will assume the responsibilities of Chief Executive Officer and will join the Company’s board of directors beginning January 1, 2027.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Joseph D. Margolis departed as Chief Executive Officer at Extra Space Storage Inc..

Action: retire
Role: Chief Executive Officer

Exact text from the filing

On August 24, 2026, Extra Space Storage Inc. (the “Company”) announced that Joseph D. Margolis, the Company’s Chief Executive Officer, will retire effective as of December 31, 2026.

View on SEC.gov

Extra Space Storage Inc. filing history →

Source: SEC EDGAR

accession 0001289490-26-000058

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