Prologis CEO Hamid Moghadam Company Overview

Hamid Moghadam is the CEO of Prologis, a company that specializes in logistics and industrial real estate. He has been at the helm since 1996.

Prologis is the largest owner, manager, and developer of logistics and distribution facilities in the world. With a presence in over 19 countries, the company has a diverse portfolio of properties.

Moghadam has led Prologis through significant growth and expansion, transforming the company into a global leader in its industry. He has also been instrumental in shaping the company's strategy and vision.

Under Moghadam's leadership, Prologis has made strategic acquisitions and investments to expand its global footprint and enhance its services to customers.

Prologis was incorporated on November 24, 1997, and officially changed its name from SCI to ProLogis in July 1998.

The company was active in 84 markets in 12 countries by July 1998, with a market capitalization of nearly $5 billion.

ProLogis Trust acquired Meridian Industrial Trust for $862.5 million in stock in November 1998, making it the largest owner of industrial and warehouse properties in the United States at the time.

In 1999, ProLogis formed its first property funds, and in 2001, it entered the Japanese market.

ProLogis was added to the S&P 500 Index in 2003 and entered the Chinese market the same year, forming its first joint venture in China with Suzhou Logistics Center Co. Ltd.

The company acquired Keystone Industrial Trust for $1.6 billion in 2004 and completed a merger with Catellus Development Corporation, a North American industrial development company, for $4.9 billion in 2005.

ProLogis ranked first in the 2005 Top 25 Industrial Owners survey, and the company acquired Catellus Development in 2005 for $3.6 billion.

In 2006, ProLogis became a Fortune 1000 company, and the ProLogis European Properties Fund became a public company.

ProLogis' CEO Jeffrey Schwartz was replaced by Walter Rakowich in 2008 due to problems with debt following aggressive expansion and heavy borrowing.

Rakowich implemented a cost-cutting effort involving raising capital and selling assets, and in December 2008, ProLogis sold a portfolio of assets to the Government of Singapore Investment Corporation.

In 2009, ProLogis sold its China operations and some of its Japanese interests to GIC Private Limited for $1.3 billion.

Prologis CEO, Hamid Moghadam, has led the company's transformation into a global leader in logistics real estate. He has been instrumental in shaping the company's vision and strategy.

Moghadam's leadership has been marked by a focus on innovation, with Prologis investing heavily in technology and sustainability initiatives. This has enabled the company to stay ahead of the curve and meet the evolving needs of its customers.

Under Moghadam's leadership, Prologis has expanded its global presence, with operations in over 19 countries. He has also overseen the development of a diverse portfolio of logistics and distribution facilities.

Moghadam's commitment to sustainability has been a key aspect of his leadership, with Prologis aiming to reduce its carbon footprint and promote environmentally responsible practices throughout its operations.

Hamid R. Moghadam, Prologis CEO, has been named one of the world's 100 Best-Performing CEOs by Harvard Business Review for the second year running.

He ranked 43rd on the prestigious list, which appears in the magazine's November 2017 issue, and rose ten spots from the previous year.

Only five CEOs from the real estate sector made the list, and Hamid ranked first among them.

HBR's CEO rankings recognize top executives who have implemented long-term strategies and established lasting track records.

Hamid has led Prologis and its predecessor company AMB Property Corp. since 1983 and serves as chairman of the company's board.

As of September 30, 2017, the company owned or had investments in properties and development projects totaling approximately 687 million square feet in 19 countries.

Hamid is a graduate of the Massachusetts Institute of Technology and the Stanford Graduate School of Business.

He has been named CEO of the Year on nine separate occasions by four industry publications.

The CEO of Prologis has a relatively modest salary, making up only 0.0% of the company's total salary pool.

The current CEO has been in their position for an impressive 12.1 years, which is a significant tenure.

The CEO owns a very small portion of the company, just 0.1% of the shares.

Management turnover is relatively high, with an average tenure of just 2.4 years.

The board of directors has a more stable composition, with an average tenure of 10 years.

Here is a summary of the key information:

Hamid Moghadam's total compensation has been consistently high, reaching $51 million in December 2023 and $48 million in December 2022.

His salary has remained relatively low, at $1 million in December 2023 and December 2022, and even as low as $1 in June 2024 and September 2024.

The company's earnings have been stable, ranging from $1 billion to $4 billion over the past few years.

Here's a breakdown of Hamid's compensation and company earnings over the past few years:

Overall, Hamid's compensation has been consistent with the company's performance over the past year.