Prologis has announced the upcoming retirement of its co-founder, Hamid Moghadam, from his CEO role, effective Jan. 1, 2026. After more than four decades of visionary leadership, Moghadam will continue as executive chairman.
As part of the company’s succession plan, Dan Letter, currently president, will succeed Moghadam as CEO. Letter has been with Prologis since 2004, and Letter also will join the company’s board of directors, effective immediately.
Moghadam co-founded Prologis’ predecessor, AMB Property Corp., in 1983 in San Francisco. Under his leadership, the company grew from a startup to a global leader, with a successful IPO in 1997 and its merger with ProLogis in 2011. Moghadam’s focus on delivering value to customers, employees, communities and investors became the cornerstone of Prologis’ mission and culture.
“This transition has been carefull
