Life Storage, Inc. announced that Susan Harnett has been elected to the company’s Board of Directors effective February 12, 2021. She will be a member of the Audit and Risk Management Committee and the Compensation and Human Capital Committee and is expected to stand for re-election at the 2021 Annual Shareholders Meeting in May 2021, when her current term expires. Additionally, Charles E. Lannon, has announced his intention to retire from the Board at the end of his current term in May 2021. Additionally, Mr. Barberio added, “On behalf of the Board, I thank Chuck for his dedicated service to the Board over the past 25 years. Chuck’s contributions to Life Storage since he co-founded the Company in 1985 have been immense, and company wish him all the best in his relocation to Florida.Ms. Harnett has been a member of the board of directors of OFG Bancorp, a financial holding company based in San Juan, Puerto Rico, since 2019 and currently serves on the Audit Committee and Risk and Compliance Committee of such board. She served as an independent director and Audit and Compensation Committee member of First Niagara Financial Group.