Prologis said Chief Executive Officer and Chairman Hamid R. Moghadam will retire as CEO effective January 1, 2026. Moghadam will continue to serve on the board as Executive Chairman.

1. 01

   Prologis said Chief Executive Officer and Chairman Hamid R. Moghadam will retire as CEO effective January 1, 2026. Moghadam will continue to serve on the board as Executive Chairman.

2. 02

   The company said President Daniel S. Letter will become CEO effective upon Moghadam's retirement on January 1, 2026. The filing lists Letter's age as 47.

3. 03

   The company said it increased the size of its board from 11 to 12 directors and appointed Letter as a director effective February 19, 2025. The company said Letter will receive no additional compensation for his board service and is not a party to any transaction requiring disclosure under Regulation S-K Item 404(a).

4. 04

   The company said Letter has served as President since January 2023, after holding several positions since joining in 2004. Immediately before that, he served as Global Head of Capital Deployment from January 2021 to January 2023.

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Original filing

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