SAN FRANSISCO, CA – As part of Prologis’ ongoing management succession planning course of, the worldwide actual property agency has appointed world head of deployment Dan Letter to president, and promoted chief funding officer Gene Reilly to vice chairman, efficient January 1, 2023.
Inside their new roles, Letter and Reilly will each report back to Prologis CEO and co-founder Hamid Moghadam.
As president, Letter might be accountable for the corporate’s world actual property operations and capital deployment actions, which covers 19 international locations and 4 continents. The agency’s regional presidents, world head of operations and world head of capital deployment will all report back to Letter, who first joined AMB Property Corp. in 2004.
“Dan is a confirmed chief who has been instrumental to our development,” states Moghadam. “He’s performed vital roles in regional management and world capital deployment for a few years and can assist information each our operations and investing methods.”
As vice chairman, Reilly will function a senior advisor to Moghadam and can stay on the agency’s government committee. Reilly first joined Prologis in 2003.
Moghadam provides, “Gene has performed a vital management function in virtually each facet of the corporate’s development and evolution over the previous twenty years. Throughout this time, now we have constructed the world’s main actual property firm and grown our fairness market capitalization by 32x. Our shareholders have benefitted from Gene’s information and imaginative and prescient through the years and I’m trying ahead to his continued steerage and perception on this new function of vice chairman.”
“I’m very excited to see Dan tackle the function of president,” says Reilly. “He’s excelled in quite a lot of management roles on the firm and is greater than able to tackle this problem. Development has been extraordinary since Dan joined us and the corporate’s greatest days lie forward.”
“Working with Hamid, Gene and the entire leaders at Prologis over these a few years has been an unimaginable schooling on run a extremely progressive and entrepreneurial group at scale,” says Letter. “I’m trying ahead to persevering with our lengthy historical past of development by specializing in what issues most – serving to our prospects develop their companies.”
