Leadership change Daniel Letter was promoted to Chief Executive Officer (from President) · DEF 14A filed Mar 19 2026

Prologis, Inc. ·PLD

Internal CEO succession with founder as executive chair

Financials · Fortune #465 · Hybrid structure · 3K employees · San Francisco, California

View as of:

CEO span

↓ tighter than peers (avg 8)

2.6

Avg span

moderate

Max depth

3 levels

2 yr

Avg tenure

↓ 8.0yr from FY2024

100%

Internal hires

↑ above industry avg

Consolidated financials FY2025 · period end 2025-12-31 · 10-K

Revenue

$8.8B

Operating income

$4.4B

Net income

$3.3B

Total assets

$98.7B

Shares out

930M

Sourced from Prologis, Inc. DEF 14A · filed 2026-03-19 ↗ View on SEC

Interactive org chart

Prologis, Inc. organizational chart

Explore the executive structure, reporting layers, and scenario-ready operating model from public filings.

Open editable chart

Internal CEO succession with the founder retained as executive chair defines Prologis’s leadership model. This page maps the current executive structure, details key leaders and teams, analyzes reporting depth and spans, and compares Prologis with major industrial REIT peers.

What to model

Use the chart to test org decisions, not just view reporting lines

Start with the public baseline, then use the scenario views and source-backed changes to ask what happens when leadership, span, or team ownership shifts.

Latest signal Damon Austin joined as Chief Development Officer

Appointed Chief Development Officer effective January 1, 2026.

Source · See change log

Scenario views in the chart

Add Chief AI & Data Officer Introduce a new executive role to centralize data, analytics and AI initiatives supporting logistics and energy platforms.
Executive Chair Retires Executive Chairman role is removed upon retirement, consolidating governance influence with the CEO and board.

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The people

Who's running this

7 executives identified as Named Executive Officers in the most recent SEC proxy. Bar length scales with tenure.

internal

Daniel Letter

Chief Executive Officer

Executive

1 yr

15 reports

internal

Carter Andrus

Chief Operating Officer

Operations

2 yr

3 reports

internal

Timothy Arndt

Chief Financial Officer

Finance

4 yr

3 reports

internal

Damon Austin

Chief Development Officer

Development

0 yr

2 reports

internal

Deborah Briones

Chief Legal Officer, General Counsel & Secretary

Legal

1 yr

2 reports

Lori Palazzolo

Managing Director & Chief Accounting Officer

Finance

0 reports

internal

Hamid Moghadam

Executive Chairman

Board/Executive

1 yr

0 reports

The pay

Executive compensation

From the most recent DEF 14A Summary Compensation Table. 5 named executive officers disclosed. Bar length scales with total compensation.

Hamid Moghadam $25.0M

Other: $12K
Fiscal year: FY2025
Source: SEC DEF 14A ↗

Timothy Arndt $9.3M

Base salary: $698K
Bonus: $1.35M
Stock awards: $7.23M
Other: $28K
Fiscal year: FY2025
Source: SEC DEF 14A ↗

Daniel Letter $15.2M

Base salary: $795K
Bonus: $1.87M
Stock awards: $12.50M
Other: $24K
Fiscal year: FY2025
Source: SEC DEF 14A ↗

Carter Andrus $6.7M

Base salary: $600K
Bonus: $1.03M
Stock awards: $5.05M
Other: $24K
Fiscal year: FY2025
Source: SEC DEF 14A ↗

Deborah Briones $5.0M

Base salary: $495K
Bonus: $756K
Stock awards: $3.67M
Other: $28K
Fiscal year: FY2025
Source: SEC DEF 14A ↗

The businesses

How Prologis, Inc. divides the work

4 divisions report into the group CEO. Tile size scales with estimated headcount.

Real Estate Operations

2K employees

Chief Operating Officer (Carter Andrus)

Oversees leasing, property management and regional operations across the global logistics portfolio.

Development

400 employees

Chief Development Officer (Damon Austin)

Leads global development, redevelopment and customer‑led build‑to‑suit projects.

Finance

250 employees

Chief Financial Officer (Timothy Arndt)

Manages capital structure, reporting, treasury and financial planning.

Legal & Compliance

120 employees

Chief Legal Officer (Deborah Briones)

Provides legal, governance and compliance oversight globally.

The thesis

Why this org is unusual

Internal CEO succession with the founder retained as executive chairman is the most distinctive feature of Prologis’s structure.

Daniel Letter’s promotion keeps day‑to‑day control with a long‑tenured insider while Hamid Moghadam remains influential at the board level without running operations.

The org shows a functional executive team with finance, operations, legal and development reporting directly to the CEO, and relatively few layers below. This reflects Prologis’s enterprise model, where global scale and standardized processes matter more than autonomous divisional P&Ls.

A notable characteristic is the depth of internal promotion: every named executive officer was developed inside the company, reinforcing continuity and institutional knowledge across the top team.

Founder remains Executive Chairman
All NEOs promoted internally
COO role retained

The comparison

How Prologis, Inc. stacks up

Compared with other large industrial REITs, Prologis has a leaner C‑suite and fewer management layers. Peers like Goodman Group and Segro often split regional CEOs with greater autonomy, while Prologis centralizes authority. Unlike some peers, Prologis maintains a COO role overseeing global operations, signaling …

C-suite size

Prologis, Inc.

Segro

Goodman Group

Duke Realty

GLP

Reporting depth

Prologis, Inc.

3 levels

Segro

4 levels

Goodman Group

5 levels

Duke Realty

4 levels

GLP

5 levels

Avg C-suite tenure

Prologis, Inc.

2 yr

Segro

6 yr

Goodman Group

7 yr

Duke Realty

5 yr

GLP

6 yr

Has COO / Has CAIO

Prologis, Inc. ✓ COO — no CAIO

Segro — no COO — no CAIO

Goodman Group ✓ COO — no CAIO

Duke Realty ✓ COO — no CAIO

GLP — no COO — no CAIO

Current signals

What changed recently

The most consequential change was the planned internal succession elevating Daniel Letter to CEO in 2025.

Jan 1, 2026 new
Damon Austin Chief Development Officer
Appointed Chief Development Officer effective January 1, 2026.
Source
Date not confirmed promoted
Daniel Letter Chief Executive Officer
Promoted to CEO effective January 2025 as part of planned succession.
Source
Date not confirmed promoted
Deborah Briones Chief Legal Officer
Promoted to Chief Legal Officer and General Counsel effective January 2025.
Source

Leadership Timeline

Year-over-year executive structure based on SEC proxy and annual filings.

FY2025

DEF 14A filed 2026-03-19

CEO: Daniel Letter
CEO span: 5
C-suite: 6
Avg tenure: 2 yr

First full proxy reflecting CEO transition from founder to internal successor.

Named executive officers (5)

Daniel Letter - Chief Executive Officer since 2025
Timothy Arndt - Chief Financial Officer since 2022
Carter Andrus - Chief Operating Officer since 2024
Deborah Briones - Chief Legal Officer since 2025
Damon Austin - Chief Development Officer since 2026

FY2024

DEF 14A filed 2025-03-20

CEO: Hamid Moghadam
CEO span: 6
C-suite: 6
Avg tenure: 10 yr

Founder still serving as CEO with successor designated.

Named executive officers (3)

Hamid Moghadam - Chief Executive Officer since 1997
Daniel Letter - President since 2019
Timothy Arndt - Chief Financial Officer since 2022

FY2023

DEF 14A filed 2024-03-21

CEO: Hamid Moghadam
CEO span: 6
C-suite: 6
Avg tenure: 12 yr

Stable long‑tenured leadership under founder CEO.

Named executive officers (2)

Hamid Moghadam - Chief Executive Officer since 1997
Timothy Arndt - Chief Financial Officer since 2022

Year-over-year changes

FY2024 → FY2025

Planned CEO succession reduced founder’s operational role and reset average C‑suite tenure.

CEO span: 6 → 5
C-suite size: 6 → 6
Avg tenure: 10 → 2 yr

promoted Daniel Letter - Chief Executive Officer (was President) (DEF 14A filed Mar 19 2026)

The board

Board of directors

11 directors. 9 of 11 independent (82%). Source: most recent DEF 14A.

Hamid Moghadam

Chair Inside

Executive Chairman, Prologis

Daniel Letter

Inside

CEO, Prologis

James Connor

Lead Indep. Independent

Cristina Bita

Independent

Lydia Kennard

Independent

Irving Lyons III

Independent

Guy Metcalfe

Independent

Avid Modjtabai

Independent

David O’Connor

Independent

Olivier Piani

Independent

Sarah Slusser

Independent

The board, organized

Board committees

4 standing committees. Audit and Compensation must be 100% independent under SEC rules; the rest vary.

Audit Committee

100% independent

James Connor Chair
Lydia Kennard
Sarah Slusser

Compensation Committee

100% independent

Lydia Kennard
Guy Metcalfe
Sarah Slusser

Governance & Nomination Committee

100% independent 3 mtgs/yr

Lydia Kennard Chair
Guy Metcalfe
Sarah Slusser

Executive Committee

50% independent

James Connor Chair
Hamid Moghadam
Daniel Letter
Irving Lyons III

Frequently Asked Questions

Who is the CEO of Prologis?

Daniel Letter has served as Chief Executive Officer since January 2025, following a planned internal succession.

What type of organizational structure does Prologis use?

Prologis uses a hybrid, enterprise structure with centralized functional leadership and global operations.

How many direct reports does Prologis's CEO have?

The CEO has five direct executive reports, including finance, operations, legal and development leaders.

How has Prologis's leadership changed recently?

Key changes include the promotion of Daniel Letter to CEO in 2025 and the appointment of Damon Austin as Chief Development Officer in 2026.

Is Prologis known for internal promotions?

Yes. All current named executive officers were developed and promoted internally, reflecting long-term succession planning.

Sources

Form 8-K, Nov 24 2025
Company Proxy Statement, Mar 2026
SEC EDGAR: Prologis, Inc. DEF 14A Proxy Statement
SEC EDGAR: Prologis, Inc. 10-K Annual Report

Reference

Cite this page

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APA 7th

Creately. (2026). Prologis, Inc. organizational structure. Creately. Retrieved , from https://creately.com/org-chart/fortune-500/prologis/

MLA 9th

"Prologis, Inc. Organizational Structure." Creately, April 1, 2026, https://creately.com/org-chart/fortune-500/prologis/. Accessed .

Chicago 17

Creately. "Prologis, Inc. Organizational Structure." Last modified April 1, 2026. https://creately.com/org-chart/fortune-500/prologis/.

Original SEC source View on SEC ↗

Prologis, Inc.. DEF 14A. Filed 2026-03-19. U.S. Securities and Exchange Commission. https://www.sec.gov/Archives/edgar/data/1045609/000119312526115132/d36709ddef14a.htm

Permanent URL: https://creately.com/org-chart/fortune-500/prologis/ · last updated 2026-04-01

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