Long-time Prologis Executive Mike Curless to Retire
SAN
FRANCISCO, Jan. 9, 2023 /PRNewswire/ -- Prologis
today announced Scott Marshall,
global head of Customer Led Solutions at Prologis, will take the
role of chief customer officer on April 1,
2023. Mike Curless, the
current chief customer officer, will move to a senior advisor role
before retiring in late 2023.
In his new role, Marshall will serve as a primary advocate for
Prologis customers across all business lines and geographies. He
will lead the teams responsible for executing the company's
comprehensive customer strategy.
"Mike has played a critical role in our effort to drive customer
centricity to the forefront and accelerated our build-to-suit and
data center business," said Hamid
Moghadam, Prologis' CEO and co-founder. "As Prologis
continues to evolve our offerings, we're excited about Scott's
leadership in helping us deepen our relationships further with
existing customers and attract new ones. He also will broaden our
use of data-driven insights as we serve our customers in multiple
dimensions across our platform."
This change is a part of Prologis' ongoing leadership succession
planning process. Other recent leadership changes include Dan
Letter becoming president of Prologis on Jan. 1 after serving as global head of Capital
Deployment.
"I'm extremely proud of the customer-first approach we have
taken and what we've been able to achieve during my tenure at
Prologis," said Curless, who has been with the company for more
than 16 years. "As we continue to expand our array of products and
services, I am highly confident that Scott's skillset and
experience will help Prologis drive our customer business to new
heights in the industry."
Before joining Prologis, Marshall served as CBRE's global chief
client officer and held other numerous executive leadership
positions, including Americas head of industrial and logistics and
Americas president of investor leasing. At CBRE, he also worked
closely with Prologis leadership and real estate teams for several
years before joining Prologis in May
2021. He was also president and chief development officer at
Hana, where he and the team
launched CBRE's flexible office space offering.
"I can't think of a more exciting opportunity," said Marshall.
"Prologis is focused on the many ways we can help our customers in
their growth journey. We are engaging with our customers on needs
well beyond physical real estate, including helping them meet
sustainability goals and providing essential warehouse services and
products. We work hard to stay ahead of our customers' expectations
as the logistics industry continues to evolve."
Prologis today is the world's largest owner, developer and
manager of logistics real estate, with more than 1.2 billion square
feet under operation.
ABOUT PROLOGIS
Prologis, Inc. is the global leader in logistics real estate
with a focus on high-barrier, high-growth markets. As of
September 30, 2022, 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 1.0 billion square feet (97 million
square meters) in 19 countries. Prologis leases modern logistics
facilities to a diverse base of approximately 5,800 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.