Scott Marshall Named Global Head of Prologis' Customer Led Solutions Division

Rhea-AI Summary

Prologis, Inc. (NYSE: PLD) has appointed Scott Marshall as the global head of its Customer Led Solutions division, aimed at enhancing relationships with multimarket customers. Reporting to chief customer officer Michael Curless, Marshall will focus on transforming customer experiences and strengthening broker relationships. With extensive experience from CBRE and Hana, Marshall aims to build on Prologis' innovative foundation. As of March 31, 2021, Prologis managed approximately 990 million square feet of logistics properties in 19 countries, serving around 5,500 customers.

Positive

• Appointment of Scott Marshall as global head, expected to enhance customer relationships.
• Marshall's extensive experience in logistics and client management may drive growth.

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• None.

SAN FRANCISCO, May 24, 2021 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD), the global leader in logistics real estate, today announced that Scott Marshall has joined the company as global head of its Customer Led Solutions division, which develops, manages and executes relationships with multimarket customers across the globe. Reporting directly to Prologis chief customer officer Michael Curless, Marshall will be responsible for transforming the customer experience and expanding customer and broker relationships.

"Scott is a seasoned, strategic executive with an excellent track record in delivering results," said Curless. "His customer-first approach will accelerate our work to ensure a connected experience across all Prologis touchpoints as we continue to reshape the future of logistics real estate."

Said Marshall: "I've long admired Prologis' ability to differentiate itself and deliver best-in-class innovations that help customers grow their businesses. I see an incredible opportunity to build on the company's foundation, helping serve customers to the fullest potential as well as deepening our broker relationships to deliver value beyond real estate."

Marshall brings significant experience to Prologis. Before joining the company, he served as CBRE's global chief client officer and held numerous executive leadership positions, including Americas head of industrial and logistics and Americas president of investor leasing. He was also president and chief development officer at Hana, where he and the team launched CBRE's flexible office space offering. 

ABOUT PROLOGIS
Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of March 31, 2021, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 990 million square feet (92 million square meters) in 19 countries. Prologis leases modern logistics facilities to a diverse base of approximately 5,500 customers principally across two major categories: business-to-business and retail/online fulfillment.

FORWARD-LOOKING STATEMENTS
The statements in this document that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on current expectations, estimates and projections about the industry and markets in which we operate as well as management's beliefs and assumptions. Such statements involve uncertainties that could significantly impact our financial results. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," and "estimates," including variations of such words and similar expressions, are intended to identify such forward-looking statements, which generally are not historical in nature. All statements that address operating performance, events or developments that we expect or anticipate will occur in the future — including statements relating to rent and occupancy growth, development activity, contribution and disposition activity, general conditions in the geographic areas where we operate, our debt, capital structure and financial position, our ability to form new co-investment ventures and the availability of capital in existing or new co-investment ventures — are forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Although we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance that our expectations will be attained and, therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. Some of the factors that may affect outcomes and results include, but are not limited to: (i) national, international, regional and local economic and political climates; (ii) changes in global financial markets, interest rates and foreign currency exchange rates; (iii) increased or unanticipated competition for our properties; (iv) risks associated with acquisitions, dispositions and development of properties; (v) maintenance of real estate investment trust status, tax structuring and changes in income tax laws and rates; (vi) availability of financing and capital, the levels of debt that we maintain and our credit ratings; (vii) risks related to our investments in our co-investment ventures, including our ability to establish new co-investment ventures; (viii) risks of doing business internationally, including currency risks; (ix) environmental uncertainties, including risks of natural disasters; (x) risks related to the current coronavirus pandemic; and (xi) those additional factors discussed in reports filed with the Securities and Exchange Commission by us under the heading "Risk Factors." We undertake no duty to update any forward-looking statements appearing in this document except as may be required by law.

 

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SOURCE Prologis, Inc.

FAQ

Who has been appointed as the global head of Prologis' Customer Led Solutions division?

Scott Marshall has been appointed as the global head of the Customer Led Solutions division at Prologis.

What is Scott Marshall's role at Prologis?

Scott Marshall will be responsible for transforming customer experience and expanding customer and broker relationships.

What prior experience does Scott Marshall bring to Prologis?

Scott Marshall previously served as CBRE's global chief client officer, with significant roles in logistics and industrial sectors.

When was Scott Marshall appointed at Prologis?

Scott Marshall was appointed on May 24, 2021.

What is the size of Prologis' property portfolio as of March 31, 2021?

As of March 31, 2021, Prologis owned or managed properties totaling approximately 990 million square feet.