Prologis announces executive management transition
Prologis has announced that William E. Sullivan, Chief Financial Officer (CFO) of Prologis, will retire from the company effective upon the filing of the company's first-quarter 2012 10-Q, expected to be on May 4, 2012. The company announced Sullivan will be succeeded by Thomas S. Olinger, who currently serves as the company's Chief Integration Officer.
"On behalf of the company, I want to express our gratitude to Bill for his significant contributions—he was instrumental in establishing and implementing the plan to reposition and rebuild the former ProLogis in 2008," said Walter C. Rakowich, Co-Chief Executive Officer, Prologis. "I have also truly enjoyed working with Tom over the past year as my partner on the merger integration activities. Bill, Tom and their teams have done an incredible job integrating the two companies and identifying and realizing merger synergies."
Sullivan has served as CFO since joining the former ProLogis in March 2007, with responsibility for worldwide corporate finance, including treasury, cash management, financial planning, financial reporting, accounting, tax, investor relations, corporate communications and internal audit. As CFO, Sullivan played a key role in the merger of ProLogis and AMB Property Corporation.As announced at the time of the merger, Olinger will assume the CFO role upon Sullivan's retirement. Olinger served as CFO of AMB from 2007, when he joined the company, up to the June 2011 merger.