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Andrus to change into chief working officer; Ghazal to change into chief funding officer; Uthayakumar to hitch Government Committee
SAN FRANCISCO, Nov. 15, 2023 /PRNewswire/ — Prologis, the worldwide chief in logistics actual property, at the moment introduced three new appointments to its Government Committee – Carter Andrus as chief working officer (COO), Joseph Ghazal as chief funding officer (CIO) and Susan Uthayakumar, the corporate’s present chief power and sustainability officer efficient January 1, 2024. As a part of the corporate’s long-term and ongoing succession planning, it additionally introduced that Gary Anderson, the present COO, will transfer to a brand new position as senior advisor efficient January 1, 2024, and retire on June 30, 2024.
Andrus will change into the corporate’s new chief working officer and be a part of the Government Committee. On this new position, he’ll lead the corporate’s international actual property group. Andrus joined Prologis in 2008 and has held various management roles on the market, regional and international stage. Most not too long ago, he served as international head of operations. Previous to becoming a member of Prologis, Andrus was a senior vice chairman at Colliers.
Ghazal will tackle the position of chief funding officer and be a part of the Government Committee, main the entire firm’s international capital deployment technique and execution in addition to the Funding Committee. With greater than 20 years of tenure at Prologis, Ghazal brings deep capital deployment and management expertise to the CIO position. The corporate’s international building operation may also report into him.
Uthayakumar will proceed in her position as chief power and sustainability officer and can be a part of the Government Committee. Uthayakumar joined Prologis in January 2022 and led the event of the corporate’s internet zero technique, extending its management place in sustainability whereas accelerating Prologis’ rising renewable power enterprise. Beforehand, she was president of Schneider Electrical’s Sustainability Enterprise Division. All three will report back to Dan Letter, Prologis’ international president.
“All three leaders convey super expertise and imaginative and prescient to their new roles,” stated Hamid R. Moghadam, co-founder, chairman and CEO of Prologis. “As we proceed to develop and evolve as an organization, we’re placing new leaders in key roles who will assist allow our continued progress, scale and expertise acquisition. Carter, Joseph and Susan are thrilling new additions to our senior administration crew.”
Anderson served as Prologis’ COO since 2019, the place he led Prologis key enterprise initiatives, together with Prologis Necessities, operational excellence, procurement and extra. He additionally has been a driver of the adjustments the corporate made to undertake a customer-centric mindset and data-driven method all through Prologis. As a member of the senior administration crew, Anderson has been a big pressure in setting the corporate’s strategic path and our concentrate on innovation.
“With practically 30 years at Prologis, Gary has served in vital management roles in Europe, Asia, Mexico and the U.S.,” stated Moghadam. “He has been extremely influential on the evolution of our strategic capital enterprise, our enlargement into non-real property companies by our Necessities platform, and our organization-wide dedication to operational excellence and innovation. We’re lucky to have him with us as a senior advisor earlier than he retires subsequent yr.”
“I am grateful for the number of alternatives Prologis has afforded me over an nearly 30-year profession and am tremendously proud to be a part of the enterprise that our proficient international colleagues have collectively constructed over that interval,” stated Anderson. “I’m extra optimistic concerning the firm’s prospects at the moment than at any level in my tenure.”
ABOUT PROLOGIS
Prologis, Inc. is the worldwide chief in logistics actual property with a concentrate on high-barrier, high-growth markets. At September 30, 2023, the corporate owned or had investments in, on a completely owned foundation or by co-investment ventures, properties and growth tasks anticipated to whole roughly 1.2 billion sq. ft (114 million sq. meters) in 19 international locations. Prologis leases trendy logistics amenities to a various base of roughly 6,700 prospects principally throughout two main classes: business-to-business and retail/on-line achievement.
FORWARD-LOOKING STATEMENTS
The statements on this doc that aren’t historic details are forward-looking statements throughout the that means of Part 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Trade Act of 1934, as amended. These forward-looking statements are primarily based on present expectations, estimates and projections concerning the business and markets by which we function in addition to administration’s beliefs and assumptions. Such statements contain uncertainties that would considerably affect our monetary outcomes. Phrases resembling “expects” “anticipates,” “intends,” “plans,” “believes,” “seeks,” and “estimates” together with variations of such phrases and comparable expressions are meant to determine such forward-looking statements, which usually usually are not historic in nature. All statements that handle working efficiency, occasions or developments that we anticipate or anticipate will happen sooner or later—together with statements regarding hire and occupancy progress, acquisition and growth exercise, contribution and disposition exercise, common circumstances within the geographic areas the place we function, our debt, capital construction and monetary place, our capacity to earn revenues from co-investment ventures, kind new co-investment ventures and the provision of capital in present or new co-investment ventures—are forward-looking statements. These statements usually are not ensures of future efficiency and contain sure dangers, uncertainties and assumptions which can be tough to foretell. Though we imagine the expectations mirrored in any forward-looking statements are primarily based on cheap assumptions, we may give no assurance that our expectations shall be attained and, due to this fact, precise outcomes and outcomes could differ materially from what’s expressed or forecasted in such forward-looking statements. A number of the elements that will have an effect on outcomes and outcomes embrace, however usually are not restricted to: (i) worldwide, nationwide, regional and native financial and political climates and circumstances; (ii) adjustments in international monetary markets, rates of interest and international foreign money alternate charges; (iii) elevated or unanticipated competitors for our properties; (iv) dangers related to acquisitions, tendencies and growth of properties, together with the mixing of the operations of great actual property portfolios; (v) upkeep of Actual Property Funding Belief standing, tax structuring and adjustments in earnings tax legal guidelines and charges; (vi) availability of financing and capital, the degrees of debt that we keep and our credit score rankings; (vii) dangers associated to our investments in our co-investment ventures, together with our capacity to determine new co-investment ventures; (viii) dangers of doing enterprise internationally, together with foreign money dangers; (ix) environmental uncertainties, together with dangers of pure disasters; (x) dangers associated to international pandemics; and (xi) these extra elements mentioned in studies filed with the Securities and Trade Fee by us below the heading “Threat Components.” We undertake no responsibility to replace any forward-looking statements showing on this doc besides as could also be required by regulation.
SOURCE Prologis, Inc.
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