Prologis CEO to Retire in 2026

By Bobby Samwell • Wednesday, February 19 10:44 • Permanent Link

Prologis, the global leader in logistics real estate, has announced a significant leadership transition. CEO Hamid R. Moghadam, the company's co-founder, is set to retire from his CEO role effective January 1, 2026, but will continue to serve as executive chairman. The current President, Dan Letter, will succeed Moghadam as CEO, and he has already joined the company's Board of Directors.

Under Moghadam's leadership, Prologis has experienced substantial growth, evolving from a startup to a global leader in logistics real estate. Emphasizing customer value, employee welfare, community impact, and investor returns, Moghadam has steered the company with a focus on "enduring excellence."

Dan Letter, who has been with Prologis since 2004, is well-prepared to lead the company into its next phase of growth. He has been responsible for the majority of Prologis' business lines, including global real estate operations, capital deployment, strategic capital, and Prologis Essentials.

Letter's transition to the role of CEO follows a successful career path within the company. He started as a development manager in Chicago and subsequently took on roles with increasing responsibility in two of the company’s largest regions before assuming a global role. Letter's deep industry experience and leadership style rooted in collaboration and innovation position him well to guide the company forward.

Irving F. “Bud” Lyons, lead independent director for Prologis’ Board of Directors, expressed deep gratitude for Hamid’s transformative leadership and expressed confidence in Dan as the right leader to guide Prologis in its next chapter.

The leadership transition at Prologis marks a significant milestone for the company, as it prepares for a new era under the stewardship of Dan Letter, who has played a key role in the company's tremendous growth and is uniquely qualified to guide the company forward. The market has reacted to these announcements by moving the company's shares -0.5% to a price of $120.65. For more information, read the company's full 8-K submission here.

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