Leadership changes at ProLogis (US/EUR)

ProLogis (NYSE: PLD), a leading global provider of distribution facilities, announced today that Gary Anderson has been appointed head of Global Investment Management, based out of ProLogis' global headquarters in Denver, Colorado. In his new capacity, Gary will be responsible for the company's private capital relationships and overall management of ProLogis' investment funds and joint ventures.

"For the past three years, Gary has successfully led our business operations in Europe, growing our platform to more than 125 million square feet and strengthening our European management team. His efforts have positioned us well to expand our customer relationships and build upon our leading platform there," said Walt Rakowich, chief executive officer for ProLogis. "Gary joined the company 15 years ago, and has since managed businesses for ProLogis in Europe, Mexico and the United States. His experience will be extremely valuable as he assumes responsibility and drives performance for our Global Investment Management business."

Replacing Mr. Anderson, Philip Dunne has been named President of Europe for ProLogis. Mr. Dunne was named chief operating and finance officer for Europe when he joined the company in 2008. Prior to ProLogis, Mr. Dunne was the chief operating officer for the EMEA region at Jones Lang LaSalle, a global financial and professional services firm specializing in real estate services and investment management.

"Philip has a proven track record of leading operations and finance in a real estate environment throughout Europe," said Rakowich. "Since joining ProLogis last year, Philip has been leading the charge to develop and refine our business platform. I am pleased to have Philip in this new leadership role and am confident that he and the senior leadership team in Europe can continue to develop our platform, provide first-class service to our customers and strengthen our business for the future."

ProLogis is the largest provider of industrial distribution facilities in Europe with a portfolio comprising more than 11.8 million square meters. Current ProLogis customers in the region include, Antalis, Bertelsmann, Carlsberg, Carrefour, DHL, DSV, Fiege, Geodis, Kuehne+Nagel, Lekkerland, L'Oreal, NYK, Procter & Gamble, Raben Group, Tesco, Unilever and Wincanton.

Source: Best Communications

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