Prologis Announces CEO Transition with Retirement of Co-founder Hamid Moghadam

Summary

Prologis, Inc. announced on February 19, 2025, that Hamid R. Moghadam, its co-founder and CEO, will retire from his CEO role effective January 1, 2026, and continue as Executive Chairman. Daniel S. Letter, the current President of the company, will succeed Moghadam as CEO, effective the same date. Letter, who has been with Prologis since 2004, is well-regarded for his leadership in the company's growth. The transition is part of a planned succession strategy that ensures continuity and strategic direction for the company.