Prologis Inc. announced Global Head of Deployment Dan Letter  will assume the role of president, and Chief Investment Officer Gene Reilly will become vice chairman of the global real estate firm, effective January 1, 2023. In this role, Letter, who has been with Prologis since 2004, will be responsible for the company's global real estate operations and capital deployment activities. Reilly, who has been with Prologis since 2003, will remain on Prologis' executive committee and serve as a senior advisor to Prologis CEO and co-founder Hamid Moghadam.

This change is a part of Prologis' ongoing leadership succession planning process. Letter and Reilly will both report to Moghadam in the new year. As president, Letter will be responsible for Prologis' global capital deployment and operations teams, which cover 19 countries and four continents.

Having started with AMB, he has been part of the company's boldest moves that have positioned it as the largest player in the logistics real estate sector. The company's regional presidents, global head of operations and global head of capital deployment will report to Letter. Letter joined AMB Property Corporation in 2004 and has moved up the ranks in the deployment organization.