Deborah Robinson joins StorageVault board amid leadership shakeup
- Deborah Robinson has been appointed as an independent director at StorageVault, effective December 16, 2024.
- The decision comes as Jay Lynne Fleming steps down from the Board after serving since 2018.
- Robinson's extensive experience in corporate governance is expected to enhance StorageVault's strategic oversight.
In Canada on December 16, 2024, StorageVault Canada Inc. announced the appointment of Deborah Robinson as an independent director to its Board of Directors. This decision comes as Jay Lynne Fleming steps down for personal reasons after serving on the board since 2018. Robinson, who has over 25 years of experience in corporate governance, is set to bring her expertise in executive compensation and strategic consulting to the role. She will also serve as Chair of the Governance, Nominating, and Compensation Committee. Steven Scott, CEO of StorageVault, expressed enthusiasm about Robinson joining the team, noting her vast governance and operational experience in public markets. He acknowledged the contributions of Fleming during her tenure, which included significant roles such as Chair of the Governance, Nominating, and Compensation Committee and participation in the Audit and Acquisition Committees. The Board expressed gratitude for her dedication and wished her well in her future endeavors. The announcement aligns with StorageVault's ongoing commitment to strengthening its governance practices and ensuring effective oversight within the organization. As of now, the Board consists of Benjamin Harris, Iqbal Khan, Deborah Robinson, Steven Scott, Alan Simpson, and Mary Vitug. Robinson previously led human resources at CIBC World Markets and has held senior roles in other prominent financial institutions, bringing valuable insights that will be beneficial for StorageVault. Her extensive background will support the company in enhancing its strategic direction and governance frameworks. In addition to the board changes, StorageVault declared a quarterly dividend of $0.002932 per common share, which is scheduled for payment on January 15, 2025, marking a continued return of value to shareholders. This dividend announcement underscores the company's robust financial standing and commitment to rewarding shareholders, with record dates set as of December 31, 2024, along with an expected ex-dividend date on the same date. The company also highlighted its significant operations, with 251 storage locations and over 5,000 portable storage units across Canada, synonymous with delivering exceptional storage solutions and services.