FIBRA Prologis Announces Key Changes Within Its Technical Committee for Enhanced Operational Excellence
FIBRA Prologis, a prominent real estate investment trust (REIT) specializing in the management and investment of Class-A logistics properties in Mexico, has announced pivotal changes to its Technical Committee. This restructuring aims to bolster the effectiveness of its operations and strategic oversight. As of July 9, 2025, Nick Kittredge, the president of Prologis’ eastern region, will join the committee as a non-independent member, while Edward S. Nekritz, the former legal director of Prologis, has completed his participation. Both changes are effective immediately and are expected to bring fresh insights and operational excellence to the committee.
The Technical Committee comprises a unique blend of independent and non-independent members, now totaling eleven individuals—five non-independent and six independent. The current committee will now feature:
Héctor Ibarzabal, the CEO of FIBRA Prologis, emphasized the importance of Kittredge's experience in operational excellence and strategic vision, remarking, "We welcome Nick's valuable experience to our Technical Committee." Ibarzabal also expressed heartfelt gratitude to Ed Nekritz for his substantial contributions during his tenure, recognizing him as a trustworthy and reflective voice in the committee. His guidance played a critical role in shaping the strategic direction and long-term success of the FIBRA Prologis platform.
As of March 31, 2025, FIBRA Prologis has curated an impressive portfolio of 507 investment properties spanning 87.0 million square feet (8.1 million square meters). This includes 345 strategically located logistics and manufacturing buildings concentrated in six primary industrial markets across Mexico, amounting to 65.5 million square feet (6.1 million square meters) of Gross Leasable Area (GLA). Additionally, the portfolio includes 162 buildings with approximately 21.5 million square feet (1.9 million square meters) of non-strategic assets in other markets.
This announcement contains forward-looking statements based on current expectations, estimates, and projections regarding the industry and markets where FIBRA Prologis operates. Such statements are subject to uncertainties that could significantly impact the company's financial results. Terms like "expects," "anticipates," "plans," "believes," and other similar expressions are intended to identify such forward-looking statements.
It is crucial to note that these statements do not guarantee future performance and carry inherent risks and uncertainties that may be challenging to predict. Various factors, such as the international and local economic landscape, financial market changes, competitive pressures relating to properties, and risks associated with property acquisitions and developments, could influence the actual outcomes.
FIBRA Prologis neither assumes any obligation to update forward-looking statements made in this communication. The company's approach remains steadfast in navigating the dynamic landscape of real estate investment, continually striving to enhance shareholder value while contributing positively to the markets it serves. FIBRA Prologis remains committed to transparency and communication, keeping its stakeholders informed about critical developments as they unfold.
The Technical Committee comprises a unique blend of independent and non-independent members, now totaling eleven individuals—five non-independent and six independent. The current committee will now feature:
- - Independent Members: Alberto Saavedra, Miguel Alvarez del Rio, Monica Flores, Carlos Elizondo, Gonzalo Portilla, and Katia Eschenbach.
- - Non-Independent Members: Armando Fregozo, Deborah Briones, Carter Andrus, Joseph Ghazal, and Nick Kittredge.
Héctor Ibarzabal, the CEO of FIBRA Prologis, emphasized the importance of Kittredge's experience in operational excellence and strategic vision, remarking, "We welcome Nick's valuable experience to our Technical Committee." Ibarzabal also expressed heartfelt gratitude to Ed Nekritz for his substantial contributions during his tenure, recognizing him as a trustworthy and reflective voice in the committee. His guidance played a critical role in shaping the strategic direction and long-term success of the FIBRA Prologis platform.
As of March 31, 2025, FIBRA Prologis has curated an impressive portfolio of 507 investment properties spanning 87.0 million square feet (8.1 million square meters). This includes 345 strategically located logistics and manufacturing buildings concentrated in six primary industrial markets across Mexico, amounting to 65.5 million square feet (6.1 million square meters) of Gross Leasable Area (GLA). Additionally, the portfolio includes 162 buildings with approximately 21.5 million square feet (1.9 million square meters) of non-strategic assets in other markets.
Future Statements and Cautions
This announcement contains forward-looking statements based on current expectations, estimates, and projections regarding the industry and markets where FIBRA Prologis operates. Such statements are subject to uncertainties that could significantly impact the company's financial results. Terms like "expects," "anticipates," "plans," "believes," and other similar expressions are intended to identify such forward-looking statements.
It is crucial to note that these statements do not guarantee future performance and carry inherent risks and uncertainties that may be challenging to predict. Various factors, such as the international and local economic landscape, financial market changes, competitive pressures relating to properties, and risks associated with property acquisitions and developments, could influence the actual outcomes.
FIBRA Prologis neither assumes any obligation to update forward-looking statements made in this communication. The company's approach remains steadfast in navigating the dynamic landscape of real estate investment, continually striving to enhance shareholder value while contributing positively to the markets it serves. FIBRA Prologis remains committed to transparency and communication, keeping its stakeholders informed about critical developments as they unfold.
Topics General Business）
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