Board of directors

Hamid Moghadam is chairman of the board of directors and co-chief executive officer of Prologis, serving on the executive committee. He is primarily responsible for shaping the company's vision, strategy, organizational structure and private capital franchise. Mr. Moghadam co-founded the company's predecessor, AMB Property Corporation, in 1983 and led the company through its initial public offering in 1997 and its merger with Prologis in 2011. He has been a board member since AMB's IPO in 1997.

Mr. Moghadam has held a number of strategic roles within the real estate industry. He has served as the chairman of the National Association of Real Estate Investment Trusts (NAREIT), a director of Plum Creek Timber Company and a founding member of the Real Estate Roundtable. Mr. Moghadam is a trustee of Stanford University and served as chairman of Stanford Management Company. Additionally, he serves on the executive committee of the board of directors for the Urban Land Institute (ULI). As an active participant in the San Francisco Bay Area community, he has served on various philanthropic and community boards, including the California Academy of Sciences, Town School for Boys, and as chairman of Young Presidents Organization's (YPO) Northern California chapter.

He is a past winner of the Ernst & Young Entrepreneur of the Year award, a recipient of the Ellis Island Medal of Honor and has been named CEO of the Year on eight different occasions by four separate industry publications. He received the Wisconsin Alumni Center's Vision Setter award and the National Association of Industrial and Office Properties (NAIOP) Lifetime of Building award and NAREIT's Industry Leadership award.

Mr. Moghadam received an MBA from the Stanford Graduate School of Business and a Bachelor and Master of Science in engineering from Massachusetts Institute of Technology.

Walt Rakowich is co-chief executive officer of Prologis. He became a trustee for Prologis in 2004 and a member of the Prologis board upon completion of the merger with AMB Property Corporation in 2011. Having oversight of the company's operations, he is principally responsible for optimizing the synergies from the merger of AMB with Prologis and integrating the companies' two platforms.

Mr. Rakowich served as chief executive officer of Prologis from November 2008 to 2011. Prior to this, he 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. Previously, Mr. Rakowich held the position of senior vice president and director of the company's mid-Atlantic region, where he was responsible for expanding the reach of Prologis to the leading logistics markets in the Midwest and Atlantic states. Prior to joining Prologis, Mr. Rakowich was a partner with real estate provider Trammell Crow Company, where he worked for nine years; before that he was a senior audit and tax consultant for Price Waterhouse in Pittsburgh, Pennsylvania.

Mr. Rakowich has recently been appointed to the board of Host Hotels & Resorts. He also serves on the real estate advisory boards of the Smeal College of Business at Pennsylvania State University and the Owen Graduate School of Management at Vanderbilt University, as well as on the global leadership council at Colorado State University. Mr. Rakowich served as a member of the executive committee and currently serves on the board of governors for the National Association of Real Estate Investment Trusts (NAREIT), the primary industry group for REITs in the United States. In addition, he serves on the board of directors of Colorado Christian University, as well as the Alliance for School Choice in Education (ACE) and Colorado Uplift, two non-profits focused on inner city education.

Mr. Rakowich received an MBA from Harvard Business School and a Bachelor of Science, with distinction, in accounting from Pennsylvania State University.

George Fotiades became a trustee of Prologis in 2001 and a member of the Prologis board upon the completion of the merger with AMB Property Corporation in 2011. In his current role as a board member, he serves as chair of the compensation committee. Mr. Fotiades is chairman of the healthcare investment practice at Diamond Castle Holdings, a private equity investment firm that works in partnership with management teams to execute leveraged buyouts and make growth capital and equity-like investments in public and private companies.

Prior to joining Diamond Castle in 2007, Mr. Fotiades was president and chief operating officer of Cardinal Health, Inc., the Fortune 20 leading provider of products and services supporting the health care industry. Prior to that position, he served as president and CEO of Cardinal's Pharmaceutical Technologies and Services segment, the largest provider of contract manufacturing and packaging services to the pharmaceutical industry. Previously, he served in a variety of executive roles, including president of Warner-Lambert's consumer healthcare business and senior positions at Bristol-Myers Squibb, Wyeth and Procter & Gamble. In addition to Prologis, Mr. Fotiades serves as a director of AptarGroup and as a vice chairman and director of Cantel Medical Corporation.

Mr. Fotiades holds a Master of Management from The Kellogg School of Management at Northwestern University and received a Bachelor of Arts from Amherst College.

Christine Garvey became a trustee of Prologis in 2005 and a member of the Prologis board upon the completion of the merger with AMB Property Corporation in 2011. In her current role as a board member, she serves on the audit committee. She was a consultant to Deutsche Bank AG from 2004 to 2006. From 2001 to 2004, Ms. Garvey served as the global head of corporate real estate services at Deutsche Bank AG London. Prior to this, Ms. Garvey served as group executive vice president at Bank of America. From 1999 to 2001, Ms. Garvey served as vice president, worldwide real estate and workplace resources at Cisco Systems, Inc. Ms. Garvey was a member of the board of directors of Hilton Hotels Corporation from 2005 to 2007 and was a member of Catellus Development Corporation's board of directors from 1995 to 2005. She currently serves on the boards of HCP, Toll Brothers, Inc., Maguire Properties, Inc. and UnionBanCal Corporation, a wholly-owned subsidiary of the Bank of Tokyo-Mitsubishi.

Ms. Garvey holds a J.D. degree from Suffolk University Law School and a Bachelor of Arts, with distinction, from Immaculate Heart College in Los Angeles.

Lydia Kennard has been a director of Prologis, previously AMB Property Corporation, since 2004. In her current role as a Prologis board member, she serves as chair of the nominating and governance committee. Ms. Kennard is a principal of Airport Property Ventures, LLC. From 1999 to 2003 and again from 2005 to 2007, she served as executive director of Los Angeles World Airports, a system of airports comprising Los Angeles International, Palmdale Regional and Van Nuys General Aviation Airports. From 1994 to 1999 she served as the system's deputy executive for design and construction.

In addition to serving as a Prologis board member, Ms. Kennard is a director of Intermec, Inc., an industrial technologies company; a director of URS Corporation; and a member of the UniHealth Foundation Board. She also serves as a trustee for the RAND Corporation, the University of Southern California and the Marlborough School.

Ms. Kennard holds a J.D. degree from Harvard Law School, a master's degree in city planning from Massachusetts Institute of Technology and a Bachelor of Science in urban planning and management from Stanford University.

Mike Losh has been a director of Prologis, previously AMB Property Corporation, since 2003. In his current role as a Prologis board member, he serves as chair of the audit committee. From July 2004 to May 2005, he served as interim chief financial officer of Cardinal Health, Inc. Mr. Losh spent 36 years with General Motors Corporation, most recently as executive vice president and chief financial officer of General Motors from July 1994 through August 2000 and as chairman of GMAC, General Motors' financial services group, from July 1994 until April 1999.

Mr. Losh oversaw major capacity expansion programs and integrated finance functions when he served as finance director of General Motors do Brazil from 1979 to 1982 and as managing director of General Motors de Mexico from 1982 to 1984. He was elected vice president of General Motors and general manager of the Pontiac Division in July 1984; and in June 1989, he was named vice president and general manager of the Oldsmobile Division. From 1992 to 1994, Mr. Losh served as group vice president in charge of North American Vehicle Sales, Service and Marketing. In addition to Prologis, Mr. Losh currently serves on the boards of Care Fusion, AON Corporation, Masco Corporation, H.B. Fuller Company and TRW Automotive, Inc.

Mr. Losh holds an MBA from Harvard University and a Bachelor of Science in mechanical engineering from Kettering University.

Bud Lyons returned to Prologis as a trustee in September 2009, having served previously as trustee from 1996 until his retirement in 2006. He became a member of the Prologis board upon completion of the merger with AMB Property Corporation in 2011. In his current role as a board member, he is the lead independent director and serves on the executive committee.

Mr. Lyons served as Prologis' chief investment officer from 1997 to 2004 (president and CIO from 1999 to 2001 and vice chairman from 2001 to 2004). Prior to this, he was a managing director from 1993 to 1997. Mr. Lyons joined Prologis when King & Lyons, an industrial real estate management and development company based in San Francisco, was acquired by Prologis in 1993. Mr. Lyons had been the managing general partner in that firm since its inception in 1979 and was one of its principals at the time of acquisition. In addition to Prologis, Mr. Lyons serves as the chairman of the board of BRE Properties, Inc. and as a board member of Equinix, Inc. He is also a trustee of the University of California, Berkeley Foundation.

Mr. Lyons received an MBA from Stanford University and a Bachelor of Science in industrial engineering and operations research from the University of California at Berkeley.

Jeff Skelton has been a director of Prologis, previously of AMB Property Corporation, since 1997. He served as lead director for AMB from 2005 until the completion of the merger with Prologis in 2011. In his current role as a Prologis board member, he serves on the nominating and governance committee as well as on the executive committee.

Mr. Skelton is the founder and Managing Partner of Resultant Capital Partners. In 2009, Mr. Skelton retired as the president and chief executive officer of Symphony Asset Management, a subsidiary of Nuveen Investments, Inc., an investment management firm. Prior to founding Symphony Asset Management in 1994, he was with Wells Fargo Nikko Investment Advisors from 1984 to 1993, where he served in a variety of capacities, including chief research officer, vice chairman, co-chief investment officer and chief executive of Wells Fargo Nikko Investment Advisors Limited in London. In addition to Prologis, Mr. Skelton is also a trustee of the Woodrow Wilson National Fellowship Foundation.

Mr. Skelton holds a Ph.D. in mathematical economics and finance and an MBA from the University of Chicago and was an assistant professor of finance at the University of California at Berkeley, Walter A. Haas School of Business.

Mike Steuert became a trustee of Prologis in 2003 and a member of the Prologis board upon completion of the merger with AMB Property Corporation in 2011. In his current role as a board member, he serves on the audit committee. He has been senior vice president and chief financial officer of Fluor Corporation since 2001. Mr. Steuert also served as senior vice president and chief financial officer of Litton Industries, Inc. from 1999 to 2001, when Northrop Grumman acquired the company. Before joining Litton, Mr. Steuert served as senior vice president and chief financial officer for GenCorp, Inc. Mr. Steuert began his financial management career in 1971 with TRW and served in several management positions over a 15-year period. He also served as president of the board of trustees of the Mental Health Association of Summit County in Ohio, as regional director of the Financial Executives Institute, and as a director on the GenCorp Inc. board. He is a director of Weyerhaeuser Corporation.

Mr. Steuert earned both a bachelor's and a master's degree from Carnegie Mellon University and has completed post-graduate training at Harvard University and the University of Pennsylvania's Wharton School of Business.

Carl Webb has been a director of Prologis, previously AMB Property Corporation, since 2007. In his current role as a Prologis board member, he serves on the compensation committee. He is a senior partner of Ford Management, L.P., a Dallas-based private equity firm with a focus on equity investments in financial services nationally. Mr. Webb is also chief executive officer and a board member of Pacific Capital Bancorp; he is chairman and chief executive officer of Pacific Capital Bank, N.A. In addition, Mr. Webb has served as consultant to Hunter's Glen/Ford, Ltd., a private investment partnership, since 2002. He served as the co-chairman of Triad Financial Holdings LLC, a privately held financial services company, from 2007 to 2009, and was the interim president and chief executive officer from 2005 to 2007.

Previously, Mr. Webb was the president, chief operating officer and director of Golden State Bancorp Inc. and its subsidiary, California Federal Bank, FSB, from 1994 to 2002. Prior to his affiliation with California Federal Bank, FSB, Mr. Webb was the president and CEO of First Madison Bank, FSB (from 1993 to 1994) and First Gibraltar Bank, FSB (from 1988 to 1993), as well as president and director of First National Bank at Lubbock (from 1983 to 1988). In addition to Prologis, Mr. Webb is a director of Pacific Capital Bancorp, Hilltop Holdings Inc., and M & F Worldwide Corporation. He is a former director of Plum Creek Timber Company and is a former director of Triad Financial SM LLC.

Mr. Webb received a Bachelor of Business Administration from West Texas A&M University and a graduate banking degree from Southwestern Graduate School of Banking at Southern Methodist University.

Bill Zollars was previously a Prologis trustee from 2001 to 2010 and returned as a member of the Prologis board upon completion of the merger with AMB Property Corporation in 2011. In his current role as a board member, he serves on the compensation committee. From 1999 to 2011, Mr. Zollars was chairman, president and chief executive officer of YRC Worldwide, one of the largest and most recognizable global transportation service providers. Prior to that, Mr. Zollars was president of Yellow Transportation, Inc., a position he accepted in 1996 as part of a major management transition for the company. From 1994 to 1996, Mr. Zollars was senior vice president of Ryder Integrated Logistics, a division of Ryder System, Inc., based in Miami, Florida. Previously, he spent 24 years in various executive positions at Eastman Kodak, including assignments in London, Toronto and Tokyo. In addition to Prologis, Mr. Zollars currently serves on the boards of CIGNA Corporation, Cerner Corporation, the National Association of Manufacturers, United Way of Greater Kansas City, American Trucking Associations and The Carlson School of Management at the University of Minnesota.

Mr. Zollars holds a Bachelor of Arts in economics from the University of Minnesota and is a member of Phi Beta Kappa.