- Push-out Score determined
- After about three years in the position
- Dave Cramer taking over
- Fischer will remain as Executive Chair at National Storage
- Fischer said 107 words
(exechange) — Greenwood Village, Colorado, November 10, 2022 — This news came shortly before Veterans Day. Tammy Fischer, chief executive of National Storage, leaves her position. As announced by National Storage Affiliates Trust in a news release and in a regulatory filing published on Thursday, November 10, 2022, Tamara D. (Tammy) Fischer leaves her post as chief executive officer at the real estate investment trust focused on self-storage properties, after about three years in the role, effective April 1, 2023.
Tammy Fischer’s duties as CEO will be taken over by David G. (Dave) Cramer, currently President and Chief Operating Officer at National Storage Affiliates Trust.
“Carefully designed succession plan”
Tammy Fischer’s departure from the CEO post is explained as follows. Fischer said: “These seamless management changes are part of a carefully designed succession plan that has been in the works for some time and reflect the significant role that Dave has had in NSA’s growth since our formation in 2013 when Dave was CEO of our predecessor company, SecurCare Self Storage.”
Fischer will remain as Executive Chair at National Storage
“National Storage Affiliates Trust (“NSA” or the “Company”) (NYSE: NSA), today announced its Board of Trustees has elevated Tamara Fischer, Chief Executive Officer, to Executive Chair, effective April 1, 2023,” National Storage said.
National Storage said: “[A]lso effective April 1, 2023, Tamara D. Fischer will resign from her position as chief executive officer and be elevated to the position of executive chair.”
Share price increase since January 2020
The announcement follows an increase in National Storage Affiliates Trust’s share price of 12% since January 2020. January 2020 is the month in which Fischer’s tenure as CEO began.
In the position of CEO since 2020
Tammy Fischer became CEO of the Company in 2020.
Fischer has served as the Company’s chief executive officer since January 2020 and the Company’s president since July 1, 2018.
Prior to January 1, 2020, Fischer served as the Company’s chief financial officer since the Company’s inception in 2013.
Prior to this role, from 2004 to 2008, Fischer served as the executive vice president and chief financial officer of Vintage Wine Trust, Inc., a triple net lease real estate investment trust focused on real estate assets related to the U.S. domestic wine industry.
From 1993 to 2003, Fischer served as the executive vice president and chief financial officer of Chateau Communities, Inc., one of the largest real estate investment trusts in the manufactured home community sector.
In addition, Fischer currently serves on the board of directors of Duke Realty Corporation.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding Tammy Fischer’s move on a scale of 0 to 10.
exechange reached out to National Storage and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 46.2022 ($).