Prologis (PLD) co-CEO Rakowich to Retire

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Prologis, Inc. (NYSE: PLD) announced that Walter C. Rakowich, co-CEO and member of the executive committee on the board of directors, will retire from both positions on December 31, 2012. As announced in January 2011 at the time of the AMB and ProLogis merger, Hamid R. Moghadam will assume the role of CEO and chairman on January 1, 2013.

Rakowich served as CEO of ProLogis from November 2008 until the merger with AMB in 2011, at which time he assumed the role of co-CEO. Prior to this, Rakowich served as president and chief operating officer from 2005 to 2008, and from 1998 to 2005 he was a managing director and chief financial officer. He joined ProLogis in 1994.

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