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Prologis’ Hamid Moghadam to Retire as CEO
Logisitics REIT Prologis said Wednesday that co-founder Hamid R. Moghadam will retire from his CEO role effective Jan. 1, 2026. Moghadam will continue as executive chairman, while company president Dan Letter, who has been with Prologis since 2004, will succeed him as CEO.
“This transition has been carefully planned to ensure Prologis’ continued success,” said Moghadam. “Having worked closely with Dan for more than 20 years, I have full confidence in his leadership. He embodies our values and is committed to the company’s long-term vision. I look forward to supporting him and the leadership team in my new role.”
Moghadam co-founded Prologis’ predecessor, AMB Property Corporation, in 1983 in San Francisco. Under his leadership, the company grew from a startup to a global leader in its sector, with a successful IPO in 1997 and its merger with ProLogis in 2011.
Letter said, “Hamid started this company more than four decades ago and has taken it to unbelievable heights. Given our scale, role in the supply chain and disciplined approach to our balance sheet, our future is very bright. I am excited to continue to work with Hamid and the rest of the management team to grow and strengthen the company.”
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- ◦People
