Walter C. Rakowich led ProLogis as CEO from 2008 until his retirement in 2012, during a challenging financial time for the global logistics industry. Before becoming CEO, he played multiple roles at ProLogis since 1994, which gave him deep insights...
Walter C. Rakowich led ProLogis as CEO from 2008 until his retirement in 2012, during a challenging financial time for the global logistics industry. Before becoming CEO, he played multiple roles at ProLogis since 1994, which gave him deep insights into the company's operations. Notably, he navigated ProLogis through its merger with AMB Property Corporation in 2011, significantly boosting its market position. Under his leadership, the company's structure changed to align executive pay closely with company performance and shareholder interests. In 2012, Rakowich's total compensation peaked at over $20 million – a mix of salary, bonuses, and stock options, showcasing the risks and rewards of his role. His strategic decisions and focus on performance helped steer ProLogis to greater heights. Going forward, Hamid R. Moghadam succeeded him as CEO, marking the end of an era that saw several fluctuations in the real estate market.