Briones and Carey to join company's
executive committee on Jan. 1,
2025
SAN
FRANCISCO, May 22, 2024 /PRNewswire/ -- Prologis
(NYSE: PLD) today announced Ed
Nekritz and Colleen McKeown
will retire as chief legal officer and chief human resources
officer, effective January 1,
2025. Current Deputy General Counsel Deborah Briones and Senior Vice President of
Human Resources Nathaalie Carey will succeed Nekritz and McKeown.
Nekritz and McKeown will continue to serve as senior advisors to
the company in 2025. These changes are part of the company's
long-term and ongoing succession planning.
New Visionary Leaders
Briones has been with Prologis for nearly 20 years, joining the
company in 2004. Today, as managing director and deputy general
counsel, she leads the corporate, energy, mobility,
Essentials and Latin America
legal teams and government affairs initiatives at the company. As
chief legal officer and general counsel, Briones will be
responsible for overseeing the strategy and execution of all legal
aspects of the global business, including corporate, strategic
capital and Essentials transactions, corporate governance, legal
operations and innovation, government affairs, compliance and
litigation.
Carey joined Prologis in 2022 and leads the company's U.S.,
LATAM and EU human resources business operations as well as the
global Diversity, Equity, Inclusion and Belonging (DEIB) programs.
As CHRO, she will be responsible for the company's HR strategy to
support its growth. This includes managing workforce development
and organizational design and overseeing all HR functions,
including talent acquisition and development, employee relations,
compensation, information systems and employee benefits.
"We are excited to welcome Deborah and Nathaalie to our senior
management team," said Hamid R.
Moghadam, co-founder, chairman and CEO of Prologis. "They
are both experienced leaders and subject matter experts who will
help the company continue to rapidly grow – both from a profit and
talent perspective."
Celebrating the Legacy
Nekritz has had an enormous hand in helping to shape Prologis
during his 30-year tenure, initially joining as the company's first
lawyer and general counsel. Under his leadership, the Prologis
legal department actively supports the company's growth as key
business partners while protecting the global brand. Nekritz leads
a diverse team, focused on legal, strategic capital, risk
management and compliance, environmental and government/community
affairs. He has been a critical partner in the company's M&A
activities over his three decades of service as well as
significantly contributing to the company's global
expansion. As president of the Prologis Foundation, he has
spearheaded Prologis' community involvement and corporate
citizenship efforts.
"Ed has been an integral part of our company's growth over the
years," said Moghadam. "He was one of the Prologis leaders who
helped steer the organization through the global financial crisis,
putting the company in a position to combine with AMB in 2011 in a
transformational merger. Our management team, the board of
directors and the company have benefitted from his thoughtful
guidance and counsel on a wide variety of issues over the
years."
Nekritz said: "It's been an honor to serve as the chief legal
officer and general counsel for thirty years and be part of the
team that has built the best real estate business on the planet. I
have been privileged to work with people who bring innovation,
integrity and passion to everything they do. I can't wait to see
what the future holds for Prologis."
McKeown joined Prologis in 2018 to help modernize the company's
HR function as well as with the goal of helping plan for and
execute on a thoughtful and long-term succession plan. She also
helped lead the company through the pandemic, prioritizing people
and culture during a tumultuous time.
"We are grateful for Colleen's leadership and partnership as we
have made significant changes to our senior management team in
recent years," said Moghadam. "She has been highly focused on our
culture and talent acquisition, helping the company attract and
retain the best people in the industry. She also was instrumental
in guiding the company and supporting our employees during the
challenges of the COVID-19 pandemic."
"Prologis stands out in the industry as a company that thinks
outside of the box," said McKeown. "After a long career in tech,
it's been exciting to contribute to Prologis' growth and
culture.
Nekritz, McKeown, Briones and Carey will work together during
this transition period to support a smooth transition for
customers, shareholders, employees and other key stakeholders.
ABOUT PROLOGIS
Prologis, Inc. is the global leader in
logistics real estate with a focus on high-barrier, high-growth
markets. At March 31, 2024, 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 1.2 billion square feet (115
million square meters) in 19 countries. Prologis leases modern
logistics facilities to a diverse base of approximately 6,700
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,
acquisition and 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 earn revenues from co-investment ventures, 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) international, national, regional and
local economic and political climates and conditions; (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, including the
integration of the operations of significant real estate
portfolios; (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 global pandemics; 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.