Market Overview

Storage Pros Management (SPM) Announces Hiring of New Chief Financial Officer


Storage Pros Management (SPM) Announces Hiring of New Chief Financial Officer

Other recent staff additions position SPM for continued growth

Farmington Hills, MI (PRWEB) June 21, 2011

Storage Pros Management LLC (“SPM”) is pleased to announce the hiring of John D. Price III, a former treasury and finance executive at GMAC, Inc., Ford Motor Company and Comerica Bank, as senior vice president and chief financial officer.

Mr. Price's hiring, together with that of former senior Ford marketing and training executive Jeff Skogen last year as Director of Operations & Sales, rounds out the restructuring and enhancement of SPM's senior management team. Company co-founders David M. Levenfeld, president and Ian Burnstein, chief operating officer, remain in key management roles for SPM's self storage property management and asset management functions.

The new hires are seen as key to growing SPM's platform for third-party property management. SPM has recently been engaged to third-party manage self storage facilities in five states for a variety of clients including public and private institutional owners, private individuals and lending institutions.

Further, the company is now better positioned to accept private equity investment for accelerated growth through joint venture acquisitions.

Mr. Price brings to SPM a 20-year career in corporate finance and treasury functions, with an emphasis on forecasting, budgeting and debt sourcing. His most recent position was executive director, cash forecasting and liquidity management, for GMAC. He will have overall responsibility for SPM's lender relations, cash management, accounting, insurance and financial reporting.

Storage Pros is also pleased to announce the hiring of Ben Handelsman as director of marketing & facility maintenance. Mr. Handelsman comes to Storage Pros with a varied management and marketing background, including most recently having served as marketing director for 1-800-Mini-Storage. Mr. Handelsman's marketing responsibilities will focus primarily on Internet-based advertising and social media. He will also coordinate all repairs and maintenance for the Storage Pros portfolio.

David Levenfeld commented, “Adding John, Jeff and Ben provides us with a range of experience and competence that assures our ability to integrate substantial growth in an orderly fashion. We are confident that SPM's clients, partners and investors will be pleased with these key additions to our management team.”    

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