**Prologis’ Hamid Moghadam to Retire as CEO**
Logistics REIT Prologis announced Wednesday that co-founder Hamid R. Moghadam will step down as CEO, effective January 1, 2026. Moghadam will transition into the role of executive chairman, while company president Dan Letter, a Prologis veteran since 2004, will take over 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 the company’s predecessor, AMB Property Corporation, in 1983 in San Francisco. Under his leadership, Prologis grew from a startup to a global logistics powerhouse. The company successfully went public in 1997 and later merged with ProLogis in 2011, solidifying its position as an industry leader.
Letter expressed his enthusiasm about his new role, stating, “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 working with Hamid and the rest of the management team to grow and strengthen the company.”
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