Prologis taps new chief financial officer

Arndt also came to Prologis via the AMB merger. He joined AMB in portfolio management in 2004. Before his current position at Prologis, Arndt’s roles have included head of corporate planning and working as a member of the global deployment team.

“Looking to the future, I believe Tim’s expertise and extensive business experience make him the ideal next CFO as we continue our focus on delivering long-term value to our shareholders,” Moghadam said. “He knows the industry and our business very well and has played an important role in building our financial strategy for many years.”

In his new role, Arndt will head corporate finance, overseeing treasury, cash management, financial planning and reporting, accounting, tax, investor relations and internal audit.

“I am very excited and honored to step into this role for Prologis, a company I’ve believed in and served for 18 years,” Arndt said. “The company has incredible growth opportunities, both organic and inorganic, which I look forward to seizing together with this highly capable team.”

“Serving as Prologis’ CFO has been the highlight of my career,” said Olinger. “I’m so proud to see how this company has prospered and excited knowing that Prologis’ best years are still ahead. We have a deep bench of financial talent, and I am confident that under Tim’s leadership, the finance team will further help drive the company’s growth.”

Prologis Ventures is an investor in FreightWaves.

Click for more FreightWaves articles by Todd Maiden.

• Radiant Logistics chats value creation on earnings call
• Cass: Omicron hits January volumes; costs, rates still way up
• Universal Logistics sees bridge blockade as ‘blip’ to strong 2022

Watch: How to Build A Strong Micro-Fulfillment Model