PDF Statement of Jeffrey H. Schwartz Chairman and Chief Executive Officer six-year compensation history. our growth and global success, and we look forward to his continued From the interim dean > New Goizueta dean > In remembrance > Inquiring minds > Knowledge@Emory > New leadership institute > PhD primer > MEPI comes to Emory > Goizueta in the news > University embraces branding > New investment research tool > What ever happened to my favorite professor? All Rights Reserved. [66], In September 2017, in partnership with Oxford Economic Papers, the company determined that $1.3 trillion-worth of goods were transferred through its buildings annually and that the company and its customers had a total annual economic impact of $200 billion. Since the merger, Schwartz has helped grow ProLogis from a $300 million to $14 billion company that provides distribution space for such delivery giants as UPS, FedEx, DHL, TNT, Unilever, and Procter & Gamble. company's world headquarters in Denver, Colorado. After an initial public offering in 2010, GLP grew to become one of the largest providers of modern logistics facilities in China, Japan and Brazil. been elected to Emory University's Board of Trustees. Forbes FYI Jeffrey Schwartz - ProLogis, Tampa, Florida And Schwartz, who leads the company as deputy chairman and head of its executive committee, is just getting started. "His GlobeSt.com: Is there an age past which it no longer makes sense to retrofit? Schwartz: They should, but now its taking place just in California. In addition to the Most executives would love to be plotting their strategy from the vantage point of Jeffrey Schwartz. Mr. Brooksher worldwide. Prologis sold the retail asset portion of this portfolio to an affiliate of The Blackstone Group for $374 million. Data delayed [34] In March 2013, Prologis formed the Prologis European Logistics Partners Sarl joint venture with Norges Bank Investment Management for US$3.1 billion. I have found that integrity is important, too. [9] Prologis began to expand its non-real estate business, Essentials, in 2022, offering customers solar power, racking systems, forklifts, generators,[12] and EV charging infrastructure. | China's 10Includes shares indirectly held. Forbes ASAP Its huge. Weve been converting to energy-efficient florescent lighting, and weve converted more than five million sf in North America since the beginning of 06. We use it because we do multi-story, close-in urban buildings in Tokyo and Osaka. Jeffrey H. Schwartz - NNDB company's independent auditors for 2007. Jeff Schwartz, ex-CEO of ProLogis, named to Las Vegas Sands board GLP (company) - Wikipedia Schwartz: The opportunities are greater. [74], 1997 incorporation and international expansion, Government of Singapore Investment Corporation, "Prologis Reports Strong Fourth Quarter and Full Year 2022 Earnings", "Prologis, Inc. 2022 Proxy Statement (Form DEF 14A)", "Prologis, Inc. 2021 Form 10-K Annual Report", "Industrial Park's Owner Bringing in Restaurants, Retail as Amenities for Workers", "Prologis Warehouse Rents Jump as Space Remains Tight". GlobeSt.com: Are we doing anything like it here? His vision was key in making GLP the company it is today He will be greatly missed by our company, its stakeholders, employees and the industry.. SCI also expanded into the refrigerated distribution business in 1997, purchasing Christian Salvesen and renaming it as CS Integrated LLC. And todays most quickly growing access control solution leverages what almost everyone today keeps with them at all times: their smartphones. | The Global 9Received options or restricted stock in lieu of Mr Schwartz, who was also a board member of Las Vegas Sands, graduated from Harvard Business School in 1985 with a masters degree in business administration, based on his profile on GLPs website. Forbes/Milken Best Places GlobeSt.com: How much of your portfolio is green? My name is Jeffrey H. Schwartz, and I am Chairman and Chief Executive Officer of ProLogis and First Vice-Chair of the National Association of Real Estate Investment Trusts. [57], In November 2017, the company sold a 12-building business park in Fremont, California for $72 million. of trustees. "I am personally grateful to Dane for the many years of leadership and [6] The company was formed through the merger of AMB Property Corporation and Prologis in June 2011, which made Prologis the largest industrial real estate company in the world. We use it right at the dock door where trucks will sit and idle. In our discussion, Schwartz discussed the challenges of building green industrial as well as the business benefits. ProLogis is now the largest owner of distribution facilities in North America, Europe, and Japan, and is now expanding rapidly into China. 2Four-year total. Networks during ProLogis' annual meeting of shareholders, held earlier today at the The company has $40.4 billion of assets owned, managed and In 2003, ProLogis was added to the S&P 500 Index and entered the Chinese market,[15] and in 2004 the company acquired Keystone Industrial Trust for $1.6 billion. RT=Real-Time, EOD=End of Day, the Board of Trustees. For refrigeration abroad, SCI purchased Frigoscandia AB, then Europe's largest distributor of refrigerated goods. Financial Tools - Stock Trading Tool - Investing Tool - Planning Tools "[45] That quarter, the company sold a Silicon Valley industrial park to Facebook, Inc.[8], With corporate headquarters remaining in San Francisco, in April 2015 Prologis announced a plan to move offices from east Denver, Colorado, to a new building in downtown Denver[47] in 2017. Schwartz has fond memories of Goizueta and one faculty member in particular who changed his life: John R. Casey Jones. Economy "[19] ProLogis formed its first property funds in 1999, and entered the Japanese market in 2001. Mr Schwartz, 55, had taken time off from the company for health reasons. A veteran of the logistics industry, Schwartz, 53, has built Singapore-based Global Logistic Properties Holding into the leading operator of modern warehouse facilities in China. Think Again", "The e-commerce boom makes warehouses hot property", "Warehouse Giant Prologis to Offer More Peripheral Services, CFO Says" by Kristin Broughton; Wall Street Journal; January 26, 2022. The deputy chairman of Global Logistic Properties Holding is placing a big bet on Chinese consumers by expanding the companys market-leading network of warehouse facilities. VIRTUALLY EVERYCEO SPENDS A GOOD DEAL OFhis or her time thinking about China: how to penetrate the countrys vast market, whether to source more production there, how to fend off competition from Chinese rivals. Special [17] In November 1998, Prologis Trust acquired Meridian Industrial Trust for $862.5 million in stock. 4Less than 0.01%. Former ProLogis chief executive Jeff Schwartz should feel right at home with his latest business venture. We know it's a hassle to switch browsers but we want your experience with TODAY to be fast, secure and the best it can possibly be. Market Data copyright 2023 QuoteMedia. watch the company evolve into a truly global enterprise and establish itself Ex-ProLogis CEO's new path familiar - The Denver Post World's Billionaires | Big Bosses I worry about a lot of things I cant control. NM: Not meaningful. NA: Not available or not applicable. manufacturers, retailers, transportation companies, third-party logistics SCI acquired Texas Cold Storage and Continental Freezer in 1997 and secured the primary contract to distribute food for Kroger Co. in Illinois. Schwartz had joined Prologis in 1994 and held various executive roles before being appointed chief executive officer in 2005. Thats why we use it so sparingly. Schwartz recently discussed the outlook for the company with Institutional Investor International Editor Tom Buerkle. Schwartz had joined Prologis in 1994 and held various executive roles before being appointed chief executive officer in 2005. SCI purchased 33% of Insight Inc. in October 1997 to help solve supply-chain problems for clients. shareholders approved the audit committee's engagement of KPMG LLP as the as the undisputed leader in our industry," Mr. Brooksher said. [68][69], In October 2022, the company acquired Duke Realty. [15] During the savings and loan crisis, the company avoided significant financial repercussions by investing in industrial parks and shopping centers, and began to exit the office market in 1987. Jeffrey H Schwartz, CEO of ProLogis (PLD), Earns $4.7 mil - Forbes to the Board of Trustees as it upholds Emory's mission to create, preserve, Born: c. 1959 Gender: Male Race or Ethnicity: White Occupation: Business Nationality: United States Executive summary: CEO of ProLogis University: BS, Emory University University: MBA, Harvard Business School Administrator: Trustee, Emory University (2008-) ProLogis CEO (2005-) ProLogis President, International Operations (2003-04) ProLogis President and COO, Asia (2002-04) Contact info: jschwartz@prologis.com Find more info on AllPeople about Jeffrey Schwartz and ProLogis, as well as people who work for similar businesses nearby, colleagues for other branches, and more people with a similar name. All quotes delayed a minimum of 15 minutes. [15] AMB added an internal development division in 2004. Singapore-listed GLP co-founder Jeffrey Schwartz dies at age 55 Mr. Jeffrey H. Schwartz ProLogis June 15, 2007 Page 3 4. Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com. [42] Prologis sold a 59-property portfolio to TPG for $375 million. [15], In August 2009, ProLogis secured financing from Deutsche Pfandbriefbank and an unidentified German bank for two of its funds. GLP isnt a one-trick pony. Schwartz received his M.B.A. from Harvard Business School and his B.S., with honors, from Emory University. The most efficient rank is 1 and least [51], Prologis formed its venture capital arm in March 2016 and had made 20 investments by late 2019. Download this white paper and dive into location intelligence data to see which 10 retail brands are dominating their local market and making a mark on their region -- and beyond. worldwide. Health Care News - Healthcare News - Health Care Industry News One of the companies is still active while the remaining seventeen are now listed as inactive. Security is no exception. Forbes Services But theres a payback on all of that and theyre reasonable. Senior Partner, Ford Management, L.P. William D. Zollars. Schwartz: It depends on what they want. Data delayed In their new five-year plan, there is a major push for energy efficiencythrough mass transportation, building standards and the creation of nuclear plants. Mr. By 2011, AMB was focusing on expanding its operations in China and Brazil. Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business. Mr. Jeffrey H. Schwartz Chief Executive Officer and Trustee ProLogis 4545 Airport Way Denver, CO 80239 Re: ProLogis Form 10-K for the year ended December 31, 2006 Filed 02/28/07 File No. The operations were rebranded as Global Logistic Properties in March 2009. [14], In 1983, Hamid Moghadam and Doug Abbey used a $50,000 line of credit to found Abbey, Moghadam and Company,[15] an investment manager serving institutions. I keep my fingers crossed that we have enough forward-thinking leaders in Washington to put that together in a short period of time. Las Vegas Sands (NYSE: LVS) owns Las Vegas hotel/casinos such as the Venetian and the. Our Standards: The Thomson Reuters Trust Principles. [16] That year, AMB initiated an international expansion program focused on buying and developing distribution facilities near global trade hubs, particularly in growth markets such as Brazil, Mexico, and China. They guarantee you a price for the power you generate thats a premium over what they normally pay for a conventional source of power, and that allows you a decent return. on overall strategy, global expansion, board nominations and governance Forbes.com: Compensation [17] SCI later exited the cold-storage business. contributions as a member of our distinguished board. Hes doing something similar in Japan. But if you can be price-competitive and provide them a more sustainable product, its an easy decision. Efficiency rank is based on our chief executive's performance/pay score. Weve got it to about 8%. [13] and other logistics tech equipment for purchase. in the stock, divided by the ending value of $1 invested in the S&P500. Beyond learning to work with motivated people in a disciplined way, Schwartz says that he learned a lot about business ethics from Jones and other Emory professors. PDF Re: ProLogis Filed 02/28/07 File No. 001-12846 DENVER, Oct. 3 /PRNewswire-FirstCall/ -- ProLogis (NYSE: PLD), the world's largest owner, manager and developer of distribution facilities, announced today that its Chairman and Chief Executive Officer Jeffrey H. Schwartz has been elected to Emory University's Board of Trustees. I worry about the Middle East. But chairman and chief executive officer Jeffrey Schwartz begs to differ, and here too the REIT has worked to gain some impressive bragging rights. Im comfortable theyre going to move very rapidly in this area. The companys free float is 36.6 percent, while GIC retains a 50.6 percent stake and Lone Pine Capital, a Greenwich, Connecticut, hedge fund firm run by Stephen Mandel, owns 10.11 percent. Schwartz: I guess. Investment Newsletter - Financial Newsletters - Stock Newsletter 31, 2005 stock price. Former Managing Partner, Resultant Capital Partners. Copyright 2023 Mediacorp Pte Ltd. All rights reserved. Restaurants | World's [31] The company sold the 10 buildings in Memphis, Tennessee in June 2012. [21] The company acquired Catellus Development in 2005 for $3.6 billion. Your article was successfully shared with the contacts you provided. Strategies [63], In February 2020, the company acquired Industrial Property Trust. [39] In November 2013, Prologis announced plans to spend "as much as $600 million a year to develop warehouses in Japan," its biggest market after the United States, where it had customers such as Amazon.com and Nippon Express. Living abroad has been a fantastic experience, observes Scwhartz, who lives in Tokyo. | 500 Largest Privates We own in excess of 450 million sf of rooftops around the world, so I would argue that we control more solar-panel space on roofs than any private owner on a global basis, and more opportunity for power generation from our roofs than any other product class. 001-12846 Dear Mr. Schwartz: . REIT Woes Continue as Prologis CEO Schwartz Resigns; Firm to Halt RT=Real-Time, EOD=End of Day, Schwartz: No, as long as the building is functional. Commodities Video News - Financial Video Reports, Retail News - Commerce News - Retail Industry News The appointment, which is effective immediately, was announced Jeffrey L. Skelton. Schwartz: We need a cohesive national energy policy. GIC remains the companys largest shareholder, said GLP. "It's easy to say work hard and be disciplined, but those are givens," Schwartz says. combined salary and bonus. Last year the company established a $500 million Japanese joint venture with the Canada Pension Plan Investment Board (CPP) to develop warehouse projects; the venture is building 173,000 square meters of space in two projects, in Tokyo and Hiroshima, respectively. [11] It serves about 6,600 tenants. The EU is light years ahead of us in reducing carbon emissions and putting in place incentives and rules concerning sustainability. under development, comprising 436.9 million square feet (40.6 million square | 200 Best Small Companies will remain on the board as lead trustee and will continue to provide counsel Everyone here is looking for efficiency, which is what I like about our business; its all about productivity and efficiency, not glamour. The two men took GLP public in a $2.7 billion IPO in October 2010. meters) in 2,884 properties as of June 30, 2008. He resigned from Prologis in 2008. [62], It acquired Liberty Property Trust in January 2020. [26][22][27][28] The companies announced that the new Prologis would be based in San Francisco, AMB's hometown, but would maintain an office in Denver, Colorado, where ProLogis was based. [26], In January 2011, AMB Property Corporation agreed to buy the larger ProLogis for $8.7 billion, with the new entity named Prologis. Mr. Schwartz, an Emory It works. In December 2011, GLP teamed up with China Investment Corp. (CIC), the countrys big sovereign wealth fund, to buy 15 logistics facilities in Japan from LaSalle Investment Management for $1.6 billion. [16] [15] GLP was listed on the Singapore Exchange in October 2010, raising S$3.45 billion ($2.7 billion) in its initial public offering. [14] In 2006, ProLogis became a Fortune 1000 company and the ProLogis European Properties Fund became a public company. 100 Top portion of salary. Mr. Schwartz serves as head of the Executive Committee, responsible for setting the strategic direction of the company and monitoring its implementation and progress.Prior to becoming Chief Executive Officer in January 2005, Mr. Schwartz served as President of International Operations, in which he oversaw all of ProLogis' international operations and was the Chairman of the International Investment Committee of ProLogis. [73] The study was updated in December 2022, reporting a 23% increase over 2020, with $2.7 trillion of goods either produced or sold worldwide passing through Prologis facilities, representing 2.8% of the global GDP with an economic impact of $300 billion. Headquartered in Denver, Colorado, ProLogis employs more than 1,300 people Found 4 colleagues at ProLogis. [15] AMB launched its first private equity fund in 1989, which focused on industrial and retail properties. today that its Chairman and Chief Executive Officer Jeffrey H. Schwartz has DENVER, Oct. 3 /PRNewswire-FirstCall/ -- ProLogis (NYSE: PLD), the world's Investing Services Sports [41] The company also completed the corporate spin-off of FIBRA Prologis, the company's Mexican affiliate also known as Prologis Property Mexico SA, raising about 7 billion pesos ($541 million). Former Chairman, President and Chief Executive Officer, YRC Worldwide Inc. Exclusive discounts on ALM and GlobeSt events. When Schwartz stepped down from Prologis in November 2008, he and Mei partnered with Singapore's sovereign wealth fund GIC to purchase Prologis' assets in China and Japan for $1.3 billion. GlobeSt.com: Certainly retrofit is easier than in a multi-tenant office building. A typical return, without a subsidy, would be south of 4%. After earning his CPA, he went to Harvard Business School in 1983. & Paychecks | Midas List Europe has been talking about it for four years, and now, because of a documentary movie and some severe weather related disasters, people here are realizing that the problem is real and needs to be taken seriously. Schwartz succeeds K. Dane Brooksher, who served as chairman since March 1999 and was ProLogis CEO from 1999 to 2004. China may or may not be headed for a hard landing, but it currently has only a fraction of the warehouse space that the U.S. has. [16], In late 1997,[16] AMB became a public company via an initial public offering, with more than US$2.8 billion under management. 1 Min Read NEW YORK, May 15 (Reuters) - ProLogis said on Tuesday its Chief Executive Jeffrey Schwartz had been named chairman of the company's 12-member board of trustees, effective. If you're happy with cookies click proceed. Leadership & Board of Directors | Prologis efficient is 189. Logistics Pro Jeffrey Schwartz Places All His Chips on Asia Methodology: meters) in 2,525 properties as of March 31, 2007. ", "AMB-Prologis Merger Complete - Firm to Expand in China", "ProLogis, a Warehouse Firm, Raises 280 Million Euros", -real-estate-1/prologis-tpg-capital-catellus-development-corp-walter-c-rakowich-ted-r-antenucci-mike-curless-los-angeles-union-station-lauth-co-kelvin-davis-3703.php "ProLogis--TPG $505 Million Deal Closing in First Quarter", "Allianz, AMB form European logistics joint venture", "Prologis to Boost Japan Rents, Buy Warehouses on Abenomics Bonus", "Chicago real estate investor enters market with purchase in Grove City", "Prologis buys Tolleson warehouse for $10 million", "Prologis sells 3.5-million-square-foot portfolio in the U.K. to Blackstone", "Prologis sells Memphis properties in portfolio sale", "Artis REIT scoops up 11-building Prologis package", "Nippon Prologis Jumps in Debut After $1 Billion IPO: Tokyo Mover", "Prologis and Norges Bank Investment Management close EUR2.4bn JV in Europe", "Blackstone, Prologis Said to Buy Portfolio of Warehouses", "Lehman sells industrial properties to Blackstone, Prologis", "Tempe warehouses swap hands in $22 million deal", "Prologis announces purchase of Nashville portfolio", "Prologis pays $8.6 million for Hanover warehouse", "Prologis buys two industrial buildings for $17.5 million", "Prologis Property REIT Unchanged in First Mexico IPO of 2014", "Prologis sells 59 properties throughout U.S. to TPG", "Former Big Lots warehouse sells to Chicago investors", "Prologis to Buy KTR Capital for $5.9 Billion", "Prologis snaps up development site in La Vergne", "Prologis to move Denver ops HQ to Z Block project in lower downtown", "Prologis sells building near current HQ", "Prologis, Norway Buy KTR Real Estate for $5.9 Billion", "Prologis Completes $5.9 Billion KTR Acquisition", "Prologis Completes Acquisition of Industrial Portfolio in Northern New Jersey", "Prologis plan for Bayview offers blue-collar salvation", "Prologis to Build First Multistory Warehouse in the U.S.", "Real estate developer buys 40 acres in central Denver for industrial space", "Amazon distribution center sold in one of Central Ohio's largest deals", "Prologis receives two 2016 Eurobuild CEE Awards", "Investors buy Fremont business park for $72M", "Prologis Completes $8.5 Billion Acquisition of DCT Industrial Trust", "With recent sale of 90 acres, public real estate firm exits Memphis market", "Prologis buys 10-acre Pepsi plant near Mount Baker light rail station", "Industrial developer closes $10M land deal in Polk County", "Prologis Completes $13 Billion Acquisition of Liberty Property Trust", "Prologis Completes $4 Billion Acquisition of Industrial Property Trust", "Prologis buys Miami-Dade development site", "Why a S.F.
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