Chairman of the Board of Directors and Chief Executive Officer, Prologis
Hamid Moghadam is chairman of the board of directors and chief executive officer of Prologis. Mr. Moghadam co-founded the company's predecessor, AMB Property Corporation, in 1983 and led the company through its initial public offering in 1997 as well as its merger with ProLogis in 2011. He has been a board member since AMB's IPO in 1997 and serves on the company’s executive committee.
Mr. Moghadam has held a number of leadership roles within the real estate industry. Currently, he is a trustee of Urban Land Institute and a board member of its executive committee. In the past, he served as the chairman of National Association of Real Estate Investment Trusts (NAREIT) and the Real Estate Investment Trust Political Action Committee, 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. As an active participant in the San Francisco Bay area community, he has also served on various philanthropic and community boards, including the California Academy of Sciences, the Bay Area Discovery Museum, Town School for Boys and as chairman of Young Presidents Organization’s Northern California chapter. Mr. Moghadam received the 2013 Ernst & Young National Entrepreneur of the Year Overall Award and is a recipient of the Ellis Island Medal of Honor. He has been named CEO of the Year on eight separate occasions by four separate industry publications. He has also received numerous lifetime achievement awards from industry organizations, including NAREIT and NAIOP.
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.
Operating Partner and Chairman, Healthcare Investments, Diamond Castle Holdings
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 an operating partner and 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.
Former Global Head of Corporate Real Estate Services, Deutsche Bank AG London
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, Inc., Toll Brothers, 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.
Principal, Airport Property Ventures, LLC
Founder and Chief Executive Officer, KDG Construction Consulting
Lydia Kennard has been a director of Prologis, previously named AMB Property Corporation, since 2004. In her current role as a Prologis board member, she serves as chair of the board governance and nomination 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 Freeport-McMoRan Copper & Gold, Inc., one of the world's largest producers of copper and gold; a director of URS Corporation; and a member of the UniHealth Foundation Board.
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.
Former CFO, General Motors; Former Chairman, GMAC
Mike Losh has been a director of Prologis, previously named 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 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 Brasil from 1979 to 1982 and as managing director of General Motors de México 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 CareFusion (presiding director), AON Corporation, Masco Corporation, H.B. Fuller Company and TRW Automotive Holdings, Inc.
Mr. Losh holds an MBA from Harvard University and a Bachelor of Science in mechanical engineering from Kettering University.
Principal, Lyons Asset Management
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.
Managing Partner, Resultant Capital Partners
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 board governance and nomination 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 officer 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.
Former Senior Vice President and Chief Financial Officer, Fluor Corporation
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. Prior to his retirement, he was senior vice president and chief financial officer of Fluor Corporation from 2001 to 2012. 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.
Senior Partner, Ford Management, L.P.
Carl Webb has been a director of Prologis, previously named 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 was also chief executive officer and a board member of Pacific Capital Bancorp and chairman and chief executive officer of Pacific Capital Bank, N.A., until 2012, when these companies were merged with UnionBanCal Corporation. 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 SM 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 Hilltop Holdings, Inc. He is a former director of M & F Worldwide Corporation and Plum Creek Timber Company.
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.
Former Chairman, President and Chief Executive Officer, YRC Worldwide Inc.
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 board governance and nomination committee as well as 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 and the Carlson School of Management at the University of Minnesota. He is also chairman of the board of United Way of Greater Kansas City.
Mr. Zollars holds a Bachelor of Arts in economics from the University of Minnesota and is a member of Phi Beta Kappa.
Note: All of our directors, except Mr. Moghadam, are independent in accordance with NYSE independence standards.