Andrus to change into chief working officer; Ghazal to change into chief funding officer; Uthayakumar to hitch Government Committee
SAN FRANCISCO, Nov. 15, 2023 /PRNewswire/ — Prologis, the worldwide chief in logistics actual property, at the moment introduced three new appointments to its Government Committee – Carter Andrus as chief working officer (COO), Joseph Ghazal as chief funding officer (CIO) and Susan Uthayakumar, the corporate’s present chief power and sustainability officer efficient January 1, 2024. As a part of the corporate’s long-term and ongoing succession planning, it additionally introduced that Gary Anderson, the present COO, will transfer to a brand new position as senior advisor efficient January 1, 2024, and retire on June 30, 2024.
Andrus will change into the corporate’s new chief working officer and be a part of the Government Committee. On this new position, he’ll lead the corporate’s international actual property group. Andrus joined Prologis in 2008 and has held various management roles on the market, regional and international stage. Most not too long ago, he served as international head of operations. Previous to becoming a member of Prologis, Andrus was a senior vice chairman at Colliers.
Ghazal will tackle the position of chief funding officer and be a part of the Government Committee, main the entire firm’s international capital deployment technique and execution in addition to the Funding Committee. With greater than 20 years of tenure at Prologis, Ghazal brings deep capital deployment and management expertise to the CIO position. The corporate’s international building operation may also report into him.
Uthayakumar will proceed in her position as chief power and sustainability officer and can be a part of the Government Committee. Uthayakumar joined Prologis in January 2022 and led the event of the corporate’s internet zero technique, extending its management place in sustainability whereas accelerating Prologis’ rising renewable power enterprise. Beforehand, she was president of Schneider Electrical’s Sustainability Enterprise Division. All three will report back to Dan Letter, Prologis’ international president.
“All three leaders convey super expertise and imaginative and prescient to their new roles,” stated Hamid R. Moghadam, co-founder, chairman and CEO of Prologis. “As we proceed to develop and evolve as an organization, we’re placing new leaders in key roles who will assist allow our continued progress, scale and expertise acquisition. Carter, Joseph and Susan are thrilling new additions to our senior administration crew.”
Anderson served as Prologis’ COO since 2019, the place he led Prologis key enterprise initiatives, together with Prologis Necessities, operational excellence, procurement and extra. He additionally has been a driver of the adjustments the corporate made to undertake a customer-centric mindset and data-driven method all through Prologis. As a member of the senior administration crew, Anderson has been a big pressure in setting the corporate’s strategic path and our concentrate on innovation.
“With practically 30 years at Prologis, Gary has served in vital management roles in Europe, Asia, Mexico and the U.S.,” stated Moghadam. “He has been extremely influential on the evolution of our strategic capital enterprise, our enlargement into non-real property companies by our Necessities platform, and our organization-wide dedication to operational excellence and innovation. We’re lucky to have him with us as a senior advisor earlier than he retires subsequent yr.”
“I am grateful for the number of alternatives Prologis has afforded me over an nearly 30-year profession and am tremendously proud to be a part of the enterprise that our proficient international colleagues have collectively constructed over that interval,” stated Anderson. “I’m extra optimistic concerning the firm’s prospects at the moment than at any level in my tenure.”
Prologis, Inc. is the worldwide chief in logistics actual property with a concentrate on high-barrier, high-growth markets. At September 30, 2023, the corporate owned or had investments in, on a completely owned foundation or by co-investment ventures, properties and growth tasks anticipated to whole roughly 1.2 billion sq. ft (114 million sq. meters) in 19 international locations. Prologis leases trendy logistics amenities to a various base of roughly 6,700 prospects principally throughout two main classes: business-to-business and retail/on-line achievement.
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SOURCE Prologis, Inc.