Summary
Prologis, Inc. (PLD) filed an 8-K on November 15, 2023, announcing significant leadership changes within its operational and investment divisions. Gary E. Anderson, the current Chief Operating Officer (COO), will transition to a senior adviser role effective January 1, 2024, before retiring on June 30, 2024. This move signals a planned succession and transition for a key executive. To fill the leadership gap, Prologis has appointed Carter Andrus as the new Chief Operating Officer and Joseph Ghazal as the new Chief Investment Officer, both effective January 1, 2024. Andrus, with extensive experience since joining in 2008 and most recently serving as Global Head of Operations, and Ghazal, a long-tenured employee since 2001 and most recently Global Head of Capital Deployment, are well-positioned to lead these critical functions. The filing also includes a press release detailing these appointments and Mr. Anderson's transition.
Key Highlights
- 1Gary E. Anderson, COO, is transitioning to a senior adviser role effective January 1, 2024, and will retire on June 30, 2024.
- 2Carter Andrus has been appointed as the new Chief Operating Officer, effective January 1, 2024.
- 3Joseph Ghazal has been appointed as the new Chief Investment Officer, effective January 1, 2024.
- 4Both new appointees, Andrus and Ghazal, have significant tenures and experience within Prologis.
- 5Carter Andrus has been with Prologis since 2008, most recently as Global Head of Operations.
- 6Joseph Ghazal has been with Prologis since 2001, most recently as Global Head of Capital Deployment.
- 7The announcement was made via a press release dated November 15, 2023, included as an exhibit.