ProLogis Promotes Schwartz to CEO, Rakowich to COO

AURORA, CO-ProLogis directors have appointed Jeffrey H. Schwartz as chief executive officer. Schwartz currently is president of international operations and president and chief operating officer of Asia for ProLogis, the world’s largest industrial REIT.

The board also appointed Walter C. Rakowich as president and chief operating officer effective Jan. 1. This is a new position that focuses on the company’s growing global operations. Rakowich is currently chief financial officer. Schwartz and Rakowich also have been appointed to the ProLogis board.

“Both Jeff and Walt are ideal individuals to lead ProLogis for many years to come,” says ProLogis chairman and chief executive officer K. Dane Brooksher. “After starting our North American CDFS business, Jeff took the lead in expanding ProLogis internationally, including developing our fund strategy and global capital relationships. Walt is exceptionally well-qualified for the new position of president and COO, bringing significant domestic and international experience as CFO and having been one of the original Regional Directors responsible for building our North American operations.”