8-KLeadership ChangesExhibits & Filings

Prologis, Inc. 8-K Report, Executive Changes (Feb 15, 2022)

Filed February 15, 2022For Securities:PLDPLDGP

Summary

Prologis, Inc. (PLD) announced a significant leadership change via an 8-K filing on February 15, 2022. The company's Chief Financial Officer, Thomas S. Olinger, has decided to retire, with his departure effective April 1, 2022. This marks the end of Mr. Olinger's tenure in a crucial financial role for the real estate investment trust (REIT). Taking over the CFO position will be Timothy D. Arndt, who has been with Prologis since 2004 and most recently served as Managing Director, Treasurer. Mr. Arndt's extensive experience within the company, including roles in corporate planning and global deployment, positions him to seamlessly transition into his new responsibilities. Investors should monitor the company's future financial reporting and strategic decisions under Mr. Arndt's leadership.

Key Highlights

  • 1Chief Financial Officer Thomas S. Olinger to retire effective April 1, 2022.
  • 2Timothy D. Arndt appointed as the new Chief Financial Officer, effective April 1, 2022.
  • 3Mr. Arndt brings extensive internal experience, having been with Prologis since 2004.
  • 4Mr. Arndt previously held the position of Managing Director, Treasurer.
  • 5His prior roles include head of corporate planning and membership in the global deployment team.
  • 6The filing includes a press release dated February 15, 2022, detailing these changes.
  • 7The company is not an emerging growth company and has not elected to delay adoption of new accounting standards.

Frequently Asked Questions

Thomas S. Olinger, the current Chief Financial Officer of Prologis, Inc., will be retiring effective April 1, 2022.

Timothy D. Arndt has been appointed as the new Chief Financial Officer, and his appointment will be effective April 1, 2022.

Mr. Arndt, age 49, has a long history with Prologis, joining in 2004. He has held various significant roles, including Managing Director and Treasurer since December 31, 2013. He also served as head of corporate planning and was part of the company's global deployment team.

This 8-K filing primarily addresses a CFO transition. It notes that Prologis is not an emerging growth company and has not elected to use the extended transition period for new or revised financial accounting standards, meaning they are expected to comply with these standards as they become effective.