Leadership & Board of Directors

Dan Letter is the chief executive officer of Prologis and serves on the company’s board of directors, as well as leading the Executive Committee. In this role, he guides Prologis’ strategic, operational and investment decisions and works closely with leaders across the company to support growth.

Previously, Letter served as president of Prologis, where he oversaw most of the company’s business lines, including global real estate operations, energy, capital deployment and strategic capital. He also led Prologis’ global capital deployment function, with responsibility for the investment committee, the deployment pipeline and multi-market portfolio acquisitions and dispositions.

Letter started with AMB Property Corporation in 2004 as a development manager in Chicago. Since then, he has held several regional leadership positions at the company, including president of the U.S. Central Region, where he was responsible for all activities—including development, acquisitions and operations in the region—and managing director, capital deployment of the U.S. West Region. Throughout his tenure, Letter has supported Prologis’ growth at both the market and global levels, helping position it as the world’s largest owner, operator and developer of logistics real estate.

As CEO, he represents the company with key stakeholders, including customers, public and private investors and the media, and advocates for the industry at key conferences and policy-making events. Letter also champions the company's core values and actively promotes a positive culture, fostering an environment where teamwork and innovation thrive.

Letter has a Bachelor of Science degree in civil engineering from Marquette University. He is a member of Nareit’s Executive Board, The Real Estate Roundtable and The Vieth Institute for Real Estate Advisory Board, Marquette University.

Carter Andrus is chief operating officer for Prologis and serves on the company’s Executive Committee. In this role, he is responsible for the global strategy of Prologis’ real estate operations, including its core real estate portfolio of 1.3 billion square feet (120 million square meters), and capital deployment activities across the 20 countries in which Prologis operates. He is integral to driving innovation at Prologis, including through data analytics and AI.

Previously, Andrus was global head of operations, where he was responsible for all aspects of the company's real estate operations and the regional teams’ responsibilities for ancillary business functions such as Essentials. Prior to that, Andrus was president of Prologis’ U.S. Central Region, where he led the region’s development, acquisition and operations activities. He earlier held several senior leadership roles in capital deployment and operations for the U.S. Central Region. He has extensive experience in industrial real estate investment strategy, operations and people management.

Before joining Prologis in 2008, he was a senior vice president at Colliers International in Chicago. He is a former president and executive board member of the National Association of Industrial and Office Properties’ (NAIOP) Chicago chapter. He holds a Bachelor of Arts degree in economics from the University of Michigan.

Tim Arndt is chief financial officer at Prologis, where he is responsible for the company's worldwide corporate finance function. He oversees treasury, capital markets, financial planning and analysis, accounting, tax, risk, investor relations and internal audit.

A seasoned finance leader, Arndt joined AMB Property Corporation, Prologis’ predecessor company, in 2004. Since then, he has served the company in broad capacities, including portfolio management in its Strategic Capital division and advising on strategic finance and global investments. Previously, Arndt served as Prologis’ treasurer, overseeing global capital raising and planning as well as playing a key role in the company’s M&A activities. Prior to joining AMB, he worked in real estate strategy at Gap Inc. and in debt capital markets at Forest City Enterprises.

Arndt has been named a Best CFO by Institutional Investor for three consecutive years, earning the No. 1 ranking in 2023, No. 5 in 2024 and No. 2 in 2025.

Arndt received a BBA from the University of Toledo and an MBA from Cleveland State University. Additionally, he completed the Stanford Executive Program at the Stanford Graduate School of Business.

Damon Austin is Prologis’ chief development officer and is responsible for all global development activities, including the company’s Customer-Led Development (CLD) and Data Center businesses and other higher and better use initiatives. He is a member of Prologis’ Executive Committee and chairs the company’s Investment Committee. He also guides the company’s global capital deployment strategy in close partnership with key global and regional leaders to ensure alignment across markets.

Austin is a seasoned real estate leader with extensive experience in capital deployment and development strategy. Previously, he served as managing director, global head of CLD, where his team spearheaded build-to-suit transactions for Prologis’ largest and fastest-growing multi-market customers. He also led Prologis’ global data center strategy, a capability built to optimize the company’s energized portfolio of buildings and land. Before that, he was head of capital deployment for the U.S. West Region, overseeing all investment and development activity.

Austin holds a Bachelor of Arts in English from Dartmouth College and an MBA from the UCLA Anderson School of Management.

Deborah Briones is chief legal officer (CLO) and general counsel of Prologis, where she oversees the strategy and execution of all legal services of the company’s global business. A member of Prologis’ Executive Committee, Briones also plays a key role in strategic initiatives, including mergers & acquisitions, global investment funds and portfolio transactions. She helps shape and nurture the company’s culture and builds Prologis’ brand in governance and ethics leadership.

Briones started with AMB Property Corporation, Prologis’ predecessor, in 2004 and has been a part of the company’s boldest moves, which helped position it as the world’s largest player in the logistics real estate sector. Before becoming CLO, Briones served as managing director and deputy general counsel, where she was responsible for leading Prologis’ corporate, energy, Essentials and Latin America legal teams and government affairs initiatives.

Before Prologis, Briones was a corporate attorney at Latham & Watkins in San Francisco, California.

Briones is a member of the Prologis Ventures Investment Committee, a director of the Prologis Foundation and a member of the Technical Committee of Prologis FIBRA, the governing body of one of the largest publicly traded real estate companies in Mexico.

She received her Juris Doctor from the University of California, Berkeley School of Law, and her Bachelor of Arts with honors from Yale University.

Nathaalie Carey is the chief administrative officer/chief human resources at Prologis. She is responsible for strengthening Prologis’ global human capital strategy, brand awareness and corporate reputation as the company continues to evolve and grow.

She leads human resources (HR) strategy, including workforce development, organizational design, talent acquisition and employee experience, as well as compensation, HR systems and benefits. Carey also oversees Prologis’ brand, marketing and communications functions, and is a member of the company’s Executive Committee.

Carey joined Prologis in 2022 as HR chief of staff, where she was responsible for leading U.S. talent acquisition, HR modernization projects and global diversity, equity, inclusion and belonging initiatives. Her role later expanded to include Latin America and European HR business operations, as well as compensation and benefits.

Previously, Carey served as senior vice president of industry affairs and social responsibility at Nareit, a national trade association focused on real estate investment trusts. Prior to Nareit, she was executive deputy commissioner (chief operations officer) at New York State’s Department of Labor (DOL), where she was responsible for the delivery of the State’s unemployment benefits, worker protection programs and workforce development.

She also served as DOL’s deputy commissioner of administration and chief financial officer, overseeing a $4 billion budget. Before that, Carey was assistant comptroller in the Office of the New York State Comptroller, auditing and fiscally monitoring the State’s school districts and municipalities.

Carey sits on the advisory board of telehealth company MD Ally. She also serves on the board of BRIDGE Housing Corporation, a nonprofit focused on affordable housing development, including serving as the chair of its Compensation and Governance Committee. Previously, she served as the chair of the Governance and Legal Affairs Committee for the New York State Insurance Fund and as a member of the Board of Trustees at her alma mater, Binghamton University, where she received both her bachelor’s and master’s degrees.

Ted Eliopoulos is managing director, Strategic Capital, at Prologis. A seasoned and respected investment management executive, Eliopoulos is responsible for leading the continued growth of Prologis’ private investment business.

Prior to joining Prologis, Eliopoulos was managing director at Morgan Stanley Investment Management, where he served as vice chairman, head of Strategic Partnerships, and CEO and president of Calvert. He spent more than a decade at the California Public Employees’ Retirement System, including four years as chief investment officer. Earlier in his career, he served as chief deputy treasurer and deputy treasurer in the California State Treasurer’s Office.

Eliopoulos' past and current board affiliations include the U.S. Real Estate Roundtable, the Sustainability Accounting Standard's Board's Investor Advisory Group, the Alliance for Southern California Innovation Advisory Council and the Pensions Real Estate Association – where he served as the board chair from 2012 to 2014. Eliopoulos currently serves on the Pacific Pension Institute board.

Eliopoulos received his bachelor's degree, magna cum laude, with honors from Dartmouth College and holds a juris doctor degree from the University of Virginia.

Susan Uthayakumar serves as the managing director, chief energy and sustainability officer and an executive committee member at Prologis, where she leads the company’s Energy Solutions business. In this role, she oversees the development and deployment of solutions that help customers achieve energy independence through distributed energy resources, fleet electrification and strategic energy management. As a member of the company’s executive management team, Uthayakumar ensures alignment with Prologis’ broader business objectives and growth strategy.

With a focus on scaling energy and mobility solutions, she plays a key role in optimizing Prologis’ assets to drive long-term value for customers. Her leadership has helped position Prologis as a global leader in providing innovative energy and mobility infrastructure within logistics real estate.

Prior to joining Prologis, Uthayakumar held various leadership positions at Schneider Electric, most recently serving as president of the Global Sustainability Business Division, where she was responsible for advancing decarbonization and energy management solutions for global customers. She also served as CEO of Schneider Electric Canada, where she led the company’s transition to a digital power and automation technology leader.

She has also led mergers and acquisitions at McCain Foods Ltd., a global leader in the frozen food industry, and has held leadership positions at Deloitte, a global advisory firm.

Uthayakumar holds an executive MBA from the Kellogg School of Management at Northwestern University, focusing on international business practices, along with a master’s degree in accounting and a bachelor’s degree in arts from the University of Waterloo. She has also completed the Board Certification Program at Stanford and holds the Chartered Accountant and Certified Public Accountant designations. 

Hamid R. Moghadam is the Executive Chairman of Prologis, having co-founded the company and served as its chief executive officer for 42 years. Under his leadership, Prologis evolved from its 1983 roots as AMB into the global leader in logistics real estate—now an S&P 100 institution with a 1.3 billion-square-foot portfolio spanning 20 countries.

A leading voice in the global business community, Hamid was recognized in Harvard Business Review’s most recent ranking of the best-performing CEOs in the world (No. 17). In 2013, he was named the Ernst & Young National Entrepreneur of the Year Overall Winner for the United States. He has also been named "Best CEO" by Institutional Investor for multiple consecutive years.

Hamid is a member of the Business Roundtable and serves on MIT’s Real Estate Advisory Committee. His extensive service to Stanford University includes the Board of Trustees and nearly two decades on the board of the Stanford Management Company, which he formerly chaired. He has also served on the boards of Stanford Health Care, the Graduate School of Business, and the Freeman Spogli Institute for International Studies. He holds an MBA from Stanford and bachelor’s and master’s degrees from MIT.

Dan Letter is the chief executive officer of Prologis and serves on the company’s board of directors, as well as leading the Executive Committee. In this role, he guides Prologis’ strategic, operational and investment decisions and works closely with leaders across the company to support growth.

Previously, Letter served as president of Prologis, where he oversaw most of the company’s business lines, including global real estate operations, energy, capital deployment and strategic capital. He also led Prologis’ global capital deployment function, with responsibility for the investment committee, the deployment pipeline and multi-market portfolio acquisitions and dispositions.

Letter started with AMB Property Corporation in 2004 as a development manager in Chicago. Since then, he has held several regional leadership positions at the company, including president of the U.S. Central Region, where he was responsible for all activities—including development, acquisitions and operations in the region—and managing director, capital deployment of the U.S. West Region. Throughout his tenure, Letter has supported Prologis’ growth at both the market and global levels, helping position it as the world’s largest owner, operator and developer of logistics real estate.

As CEO, he represents the company with key stakeholders, including customers, public and private investors and the media, and advocates for the industry at key conferences and policy-making events. Letter also champions the company's core values and actively promotes a positive culture, fostering an environment where teamwork and innovation thrive.

Letter has a Bachelor of Science degree in civil engineering from Marquette University. He is a member of Nareit’s Executive Board, The Real Estate Roundtable and The Vieth Institute for Real Estate Advisory Board, Marquette University.

Ms. Bita is a Business Finance Officer and VP, Finance at Google for the Platforms and Devices and Global Marketing organizations. In her current role at Google, Ms. Bita leads global finance for the Android ecosystem (incl. Mobile, WearOS, TV, Auto, AR/XR), Google Play store, Chrome, Chrome OS, Google Photos, Google One, 1P Devices and Services, Home and Health, and for the company’s Marketing and Communications & Public Affairs activities.

Ms. Bita is a widely recognized leader who has held many finance leadership roles over the course of her 19-year career at Google that has also included Sales and Business Development, Consumer Products, Platforms and Ecosystems, G&A, Technical Infrastructure and Enterprise. As a business executive at Google, she also led Strategy, Insights/Analytics, and Business Operations for Devices and Services and served in the past as the Chair of the Google Sustainability Board. Prior to Google, Ms. Bita held various positions at Siemens/Osram in the Business Unit Controllership and Corporate FP&A groups.

Ms. Bita serves on the Board of Directors and Audit Committee of Prologis and on the Board of Directors of Dataminr, where she is chairwoman of the Audit Committee. She holds a M.Sc. in Finance from Boston College and a B.Sc. in Business Administration from Salem State University. Ms. Bita is also a Certified Management Accountant (CMA).

James B. Connor joined the Prologis Board of Directors in October 2022. Connor most recently was chairman and chief executive officer of Duke Realty Corporation, a NYSE-listed company that specialized in modern, bulk warehouse and logistics facilities and was acquired by Prologis in October 2022. During his tenure, Connor repositioned the company

from a diversified REIT with holdings in the industrial, office, retail, medical and mixed-use sectors to the largest domestic-only U.S. industrial REIT.

Mr. Connor joined Duke Realty in 1998 and served in several leadership positions before being named CEO in 2016. Before joining Duke Realty, Jim held numerous executive and brokerage positions with Cushman & Wakefield. He received a Bachelor of Business Administration with a minor in Real Estate Finance from Western Illinois University.

In addition to serving as a Prologis board member, Mr. Connor is a director of EPR Properties and Healthpeak Properties, Inc.

Mr. Connor serves as chair of the executive committee of the board.

Mr. Fotiades served as president and chief executive officer of Cantel Medical Corp., a provider of infection prevention and control products, from 2019 to 2021. Mr. Fotiades was an operating partner at Five Arrows Capital Partners (Rothschild Merchant Banking) from April 2017 until March 2019. From April 2007 to April 2017, Mr. Fotiades was a partner, healthcare investments at Diamond Castle Holdings, LLP, a private equity firm.

Mr. Fotiades was previously the president and chief operating officer of Cardinal Health, Inc. and also served as president and chief executive officer of Cardinal’s Pharmaceutical Technologies and Services segment. Mr. Fotiades also served as president of Warner- Lambert’s consumer healthcare business, as well as in other senior positions at Bristol-Myers Squibb, Wyeth, and Procter & Gamble.

Mr. Fotiades was chairman of Catalent Pharma Solutions, Inc., a provider of advanced technologies for pharmaceutical, biotechnology, and consumer health companies, from June 2007 to February 2010. Mr. Fotiades serves on the audit committee of the board of AptarGroup, Inc., a global dispensing systems company. He previously served on the boards of Cantel Medical Corp., a medical equipment company, and Alberto-Culver Company, a consumer products company specializing in hair and skin care products.

In his current role as a Prologis board member, Mr. Fotiades chairs the talent and compensation committee of the board.

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

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 president and CEO of KDG Construction Consulting. 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, Inc., a natural resource company, and Vulcan Materials Company, a leading producer of construction aggregates.

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.

Mr. Metcalfe was a managing director and member of Morgan Stanley’s investment banking executive committee and led its real estate investment banking business for approximately two decades before retiring as global chairman on January 31, 2024. During his over 33 years at Morgan Stanley, Mr. Metcalfe was involved in over $850 billion of transactions.

He has served as a strategic and financial advisor to Prologis and its predecessor, AMB Property Corporation, and has been involved in mergers and acquisitions and capital markets transactions for Prologis and many other real estate companies, globally. Mr. Metcalfe is a member of the board of directors of CBRE Group, Inc., a commercial real estate services and investments firm, and a member of the board of trustees of RioCan Real Estate Investment Trust, a Canadian publicly traded REIT.

In his current role as a Prologis board member, he serves on the board governance and nomination committee, as well as the talent and compensation committee.

Mr. Metcalfe holds a Bachelor of Arts in business administration (with honors) from the Ivey Business School at the University of Western Ontario.

Avid Modjtabai was named to the Prologis board of directors in February 2020. In her current role as a Prologis board member, she serves as the chair of the audit committee. A 27-year Wells Fargo veteran, Ms. Modjtabai was responsible for Wells Fargo’s Payments, Virtual Solutions and Innovation (PVSI) group. In addition to serving as a Prologis board member, Ms. Modjtabai is a director at Avnet, Inc., a global leader in electronic components and services.

Previously, Ms. Modjtabai served in various leadership roles at Wells Fargo, including group head for Wells Fargo Consumer Lending and Chief Information Officer, head of the Technology and Operations Group and director of Human Resources. In 2015, Ms. Modjtabai was named one of the “Most Powerful Women in Banking” by American Banker.

Ms. Modjtabai has a bachelor’s degree in industrial engineering from Stanford University and an MBA in finance from Columbia University.

David P. O’Connor was named to the Prologis board of directors in January 2015. In his current role as a Prologis board member, he serves as the lead independent director.

Mr. O’Connor is a private investor and managing partner of High Rise Capital Partners, LLC, and was the co-founder and senior managing partner of High Rise Capital Management LP, a New York-based real estate securities hedge fund manager that operated from 2001 to 2011. From 1994 to 2000, he was a principal, co-portfolio manager and investment committee member of European Investors, Inc., a real estate investment trust investor.

He is a former director of Regency Centers Corporation, a publicly traded real estate investment trust that specializes in shopping centers; Paramount Group, Inc., a publicly traded real estate investment trust and office property management company; and Songbird Estates PLC, the former majority owner of London’s Canary Wharf.

Mr. O’Connor received a Master of Science in real estate from New York University and a Bachelor of Science from the Carroll School of Management at Boston College.

Olivier Piani was named to the Prologis board of directors in May 2017. Mr. Piani is the chief executive officer and founder of OP Conseils, a real estate and finance consultancy that he started in January 2016. From September 2008 to December 2015, Mr. Piani was chief executive officer of Allianz Real Estate, the Allianz Group’s real estate and asset management investment platform. From 1998 to 2008, Mr. Piani built a pan-European platform spanning seven countries for GE Capital Real Estate. Prior to joining GE in 1998, Mr. Piani was chief executive officer of UIC-Sofal, a real estate bank. From 1982 to 1995, he held various leadership positions in the Paribas Group in Paris, New York and London.

In addition to serving as a Prologis board member, Mr. Piani is a director of Covivio, a publicly traded European investment and development company.

Mr. Piani is a graduate of Paris Ecole Superieure de Commerce de Paris and received an MBA from Stanford University.

Mr. Piani serves on the talent and compensation committee, and audit committee of the board.

Ms. Slusser is the chief executive officer of Cypress Creek Renewable LLC, a leading U.S. power producer. She brings more than three decades of leadership experience across the energy sector, including roles in renewable development, corporate M&A and executive management.

Before joining Cypress Creek, Slusser founded Point Reyes Energy Partners LLC, an energy storage advisory and development firm, and co-founded GeoGlobal Energy LLC, a geothermal company with international operations. She previously spent more than 20 years at The AES Corporation, where she led the global mergers and acquisitions group.

Ms. Slusser holds a Bachelor of Arts in Geology from Harvard University and an MBA from the Yale School of Management.

Ms. Slusser serves on the board governance and nomination committee, as well as the audit committee of the Prologis Board of Directors.