Rexford Industrial Implements CEO Succession Plan

Core Viewpoint - Rexford Industrial Realty, Inc. has announced a leadership succession plan, appointing Laura Clark as the new CEO effective April 1, 2026, succeeding co-CEOs Michael Frankel and Howard Schwimmer, who will remain on the Board until the 2026 Annual Meeting of Shareholders [1][3]. Leadership Transition - Laura Clark, currently the Chief Operating Officer, will take over as CEO, marking a significant transition in the company's leadership [1]. - The Board of Directors has expressed confidence in Clark's ability to lead the company, citing her strategic vision and operational excellence [3]. - Frankel and Schwimmer, co-founders of Rexford Industrial, have overseen substantial growth, expanding the company's portfolio from 5.5 million square feet at the time of the 2013 IPO to 51 million square feet today, with an equity market capitalization increase from $406 million to nearly $10 billion [3]. Laura Clark's Background - Laura Clark has over two decades of experience in finance and operations within the real estate industry, having joined Rexford Industrial as CFO in 2020 and becoming COO in 2024 [2][5]. - Prior to Rexford, she held leadership roles at Regency Centers and various institutions in real estate capital markets and investment management [2][6]. Company Overview - Rexford Industrial focuses on investing in and operating industrial properties in Southern California, a key market characterized by high demand and low supply [7]. - As of September 30, 2025, the company’s portfolio includes 420 properties with approximately 50.9 million rentable square feet [7].