Extra Space Selects Jeff Norman To succeed Scott Stubbs As EVP & CFO

Extra Space Storage Inc. has announced the succession plan for P. Scott Stubbs, the REIT’s executive vice president and CFO, who will retire on Dec. 31, 2025. Stubbs has spent 25 years in various roles with Extra Space Storage, most recently as the chief financial officer since 2011. He has been instrumental in the company’s success over the past decades as an integral member of the management team that has grown the company from fewer than 100 stores to more than 4,000 locations today.

The board of directors of Extra Space Storage has selected Jeff Norman, the company’s current senior vice president of capital markets and treasury, to succeed Stubbs as executive vice president, CFO. Norman will assume the responsibilities of CFO beginning July 1, 2025. Stubbs will remain a member of the company’s executive committee until his retirement, and he will continue to work closely with Norman and the company’s finance and accounting functions through Dec. 31, 2025.

Norman has been with the company since 2012 and has served on its senior management team since 2014, operating in various roles, including director of financing, vice president investor relations, and most recently as senior vice president of capital markets and treasury. Norman was instrumental in establishing the company’s bridge lending platform, Extra Space Capital, as well as its sustainability program. He was also central in obtaining and maintaining the company’s public credit ratings and has managed its risk management function since 2022.

Prior to joining Extra Space, Norman served for over eight years at Zions Bank’s National Real Estate Group in multiple roles, concluding as a vice president. He holds a master’s in business administration and a Bachelor’s of Arts in finance from the University of Utah.

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