PROLOGIS ANNOUNCES LEADERSHIP TRANSITION
Prologis (PLD) announced a planned leadership transition, with CEO and co-founder Hamid Moghadam retiring from his CEO role effective January 1, 2026. Moghadam will continue as executive chairman, focusing on strategic guidance. Current president Dan Letter will succeed as CEO and has joined the Board of Directors effective immediately.
Letter, who joined Prologis in 2004, has extensive experience within the company, currently overseeing global real estate operations, capital deployment, strategic capital, and Prologis Essentials. Prior to his role as president, he served as global head of capital deployment and held various leadership positions in the company's U.S. regions.
Moghadam co-founded Prologis' predecessor, AMB Property , in 1983, leading the company through its 1997 IPO and the 2011 merger with ProLogis to become a global leader in logistics real estate.
Prologis (PLD) ha annunciato una prevista transizione nella leadership, con il CEO e co-fondatore Hamid Moghadam che si ritirerà dal suo ruolo di CEO a partire dal 1 gennaio 2026. Moghadam continuerà come presidente esecutivo, concentrandosi sulla guida strategica. L'attuale presidente Dan Letter succederà come CEO ed è entrato a far parte del Consiglio di Amministrazione con effetto immediato.
Letter, che è entrato in Prologis nel 2004, ha un'ampia esperienza all'interno dell'azienda, attualmente supervisionando le operazioni immobiliari globali, il dispiegamento di capitale, il capitale strategico e Prologis Essentials. Prima del suo ruolo di presidente, ha ricoperto la carica di responsabile globale del dispiegamento di capitale e ha occupato diverse posizioni di leadership nelle regioni statunitensi dell'azienda.
Moghadam ha co-fondato il predecessore di Prologis, AMB Property, nel 1983, guidando l'azienda attraverso l'IPO del 1997 e la fusione del 2011 con ProLogis per diventare un leader globale nel settore immobiliare logistico.
Prologis (PLD) anunció una transición planificada en el liderazgo, con el CEO y cofundador Hamid Moghadam retirándose de su cargo de CEO a partir del 1 de enero de 2026. Moghadam continuará como presidente ejecutivo, enfocándose en la orientación estratégica. El actual presidente Dan Letter sucederá como CEO y se ha unido a la Junta Directiva con efecto inmediato.
Letter, quien se unió a Prologis en 2004, tiene una amplia experiencia dentro de la empresa, supervisando actualmente las operaciones inmobiliarias globales, el despliegue de capital, el capital estratégico y Prologis Essentials. Antes de su papel como presidente, se desempeñó como director global de despliegue de capital y ocupó diversas posiciones de liderazgo en las regiones de EE. UU. de la empresa.
Moghadam cofundó el predecesor de Prologis, AMB Property, en 1983, liderando la empresa a través de su IPO en 1997 y la fusión de 2011 con ProLogis para convertirse en un líder global en bienes raíces logísticos.
Prologis (PLD)는 CEO이자 공동 설립자인 Hamid Moghadam이 2026년 1월 1일부로 CEO 직에서 은퇴할 계획이라고 발표했습니다. Moghadam은 전략적 지침에 집중하며 이사장으로 계속 활동할 것입니다. 현재 회장인 Dan Letter가 CEO로 승계하며 즉시 이사회에 합류했습니다.
Letter는 2004년에 Prologis에 합류했으며, 현재 글로벌 부동산 운영, 자본 배치, 전략적 자본 및 Prologis Essentials를 감독하는 폭넓은 경험을 가지고 있습니다. 회장 직책 이전에는 글로벌 자본 배치 책임자로 근무했으며, 회사의 미국 지역에서 여러 리더십 직책을 역임했습니다.
Moghadam은 1983년에 Prologis의 전신인 AMB Property를 공동 설립했으며, 1997년 IPO와 2011년 ProLogis와의 합병을 통해 물류 부동산의 글로벌 리더로 회사를 이끌었습니다.
Prologis (PLD) a annoncé une transition de leadership prévue, avec le PDG et co-fondateur Hamid Moghadam prenant sa retraite de son rôle de PDG à compter du 1er janvier 2026. Moghadam continuera en tant que président exécutif, se concentrant sur l'orientation stratégique. L'actuel président Dan Letter lui succédera en tant que PDG et a rejoint le Conseil d'administration avec effet immédiat.
Letter, qui a rejoint Prologis en 2004, possède une vaste expérience au sein de l'entreprise, supervisant actuellement les opérations immobilières mondiales, le déploiement de capital, le capital stratégique et Prologis Essentials. Avant son rôle de président, il a été responsable mondial du déploiement de capital et a occupé divers postes de direction dans les régions américaines de l'entreprise.
Moghadam a cofondé le prédécesseur de Prologis, AMB Property, en 1983, dirigeant l'entreprise à travers son introduction en bourse en 1997 et la fusion de 2011 avec ProLogis pour devenir un leader mondial dans l'immobilier logistique.
Prologis (PLD) gab eine geplante Führungsübertragung bekannt, bei der CEO und Mitbegründer Hamid Moghadam zum 1. Januar 2026 von seiner Rolle als CEO zurücktritt. Moghadam wird weiterhin als Executive Chairman tätig sein und sich auf strategische Beratung konzentrieren. Der aktuelle Präsident Dan Letter wird als CEO nachfolgen und ist ab sofort Mitglied des Vorstands.
Letter, der 2004 zu Prologis kam, verfügt über umfangreiche Erfahrung im Unternehmen und überwacht derzeit die globalen Immobilienoperationen, den Kapitaleinsatz, strategisches Kapital und Prologis Essentials. Vor seiner Rolle als Präsident war er globaler Leiter des Kapitaleinsatzes und hatte verschiedene Führungspositionen in den US-Regionen des Unternehmens inne.
Moghadam co-gründete 1983 den Vorgänger von Prologis, AMB Property, und führte das Unternehmen durch den Börsengang 1997 und die Fusion mit ProLogis im Jahr 2011, um ein globaler Marktführer im Bereich Logistikimmobilien zu werden.
- Planned and orderly CEO succession ensuring leadership continuity
- New CEO has 20+ years of company experience across multiple roles
- Former CEO remains involved as executive chairman maintaining strategic oversight
- Departure of founding CEO who led company's major growth phase
- Potential strategic direction changes under new leadership
- CEO Hamid Moghadam plans retirement; will continue as Executive Chairman
- President Dan Letter to become CEO January 2026; joins Board of Directors
As part of the company's succession plan, Dan Letter, currently president, will succeed Moghadam as CEO. Letter, who has been with Prologis since 2004, is well prepared to lead the company into its next phase of growth, with deep industry experience and a leadership style rooted in collaboration and innovation. Letter will also join the company's Board of Directors, effective immediately.
CEO Transition in 2026
Moghadam co-founded Prologis' predecessor, AMB Property Corporation, in 1983 in
"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 continued, "Today, Dan is responsible for the majority of Prologis' business lines, including global real estate operations, capital deployment, strategic capital and Prologis Essentials. He has played a key role in Prologis' tremendous growth and is uniquely qualified to guide the company forward."
Letter commented: "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."
Irving F. "Bud"
Dan Letter
Prior to becoming president, Letter was global head of capital deployment, where he had responsibility for the company's Investment Committee, deployment pipeline management and multi-market portfolio acquisitions and dispositions.
He joined AMB Property Corporation in 2004 as a development manager in
Letter has a Bachelor of Science in Civil Engineering from Marquette University. He is a member of Nareit's Advisory Board of Governors and the Real Estate Roundtable.
About Prologis
The world runs on logistics. At Prologis, we don't just lead the industry, we define it. We create the intelligent infrastructure that powers global commerce, seamlessly connecting the digital and physical worlds. From agile supply chains to clean energy solutions, our ecosystems help your business move faster, operate smarter and grow sustainably. With unmatched scale, innovation and expertise, Prologis is a category of one–not just shaping the future of logistics but building what comes next. Learn more at Prologis.com.
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SOURCE Prologis, Inc.
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