Prologis(PLD) Prnewswire·2025-02-19 13:30Core Insights - Dan Letter will succeed Moghadam as CEO of Prologis as part of the company's succession plan, bringing extensive industry experience and a collaborative leadership style [1] - Moghadam, co-founder of Prologis' predecessor, has led the company from a startup to a global leader, emphasizing value delivery to stakeholders [2][3] - The transition is designed to ensure Prologis' continued success, with Moghadam expressing full confidence in Letter's leadership capabilities [3] Leadership Transition - Dan Letter has been with Prologis since 2004 and has held various roles, including president and global head of capital deployment [4][5] - Moghadam's leadership tenure of over 40 years is recognized as transformative, and the board expresses confidence in Letter's ability to guide the company forward [3][5] Company Background - Prologis is a leader in logistics, creating infrastructure that powers global commerce and connecting digital and physical worlds [7] - The company focuses on agile supply chains and clean energy solutions, positioning itself as a unique player in the logistics industry [7]