Logistics warehouse operator Prologis announced Wednesday that co-founder and longtime leader Hamid Moghadam will be retiring. Prologis President Dan Letter will succeed Moghadam as CEO on Jan. 1.
Moghadam will continue to serve as executive chairman.
Letter joined San Francisco-based Prologis (NYSE: PLD) in 2004 and has served as the real estate investment trust’s president since January...
https://www.freightwaves.com/news/prologis-ceo-hamid-moghadam-announces-retirement
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Prologis Inc., the world’s largest logistics real estate developer and operator, sees nothing to...
https://www.freightwaves.com/news/prologis-ceo-sees-logistics-warehouse-train-firmly-on-track
In April 2020, at the start of the COVID-19 pandemic, logistics warehouse giant Prologis Inc. estimated U.S. inventories would increase by 5% to 10% in coming years as businesses built up buffer stock near their end markets to avoid potential supply chain disruptions.
That estimate has been raised. Speaking Wednesday at a Prologis (NYSE: PLD) global supply chain event in San Francisco, CEO Hamid R. Moghadam said U.S. inventory levels will increase by 10% to 15%. Prologis, which is the world’s...
https://www.freightwaves.com/news/us-inventories-to-rise-10-15-in-coming-years-prologis-ceo