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ProLogis Announces Resignation of John W. Seiple as President and
Chief Executive Officer of North America
DENVER, July 13 /PRNewswire-FirstCall/ -- ProLogis (NYSE:PLD), a leading
provider of distribution facilities and services, announced today that John W.
Seiple, Jr. will resign as President and Chief Executive Officer of North
America for ProLogis, with the completion of the previously announced merger
with Catellus Development Corporation (NYSE:CDX). He will terminate his
employment with the company effective December 31, 2005.
Jeffrey H. Schwartz, Chief Executive Officer, stated, "John has made numerous
and substantial contributions to ProLogis for more than a decade. His
leadership of our North American operations and development activities over the
past six years has helped ProLogis achieve its position today as the
continent's largest provider of distribution space.
"Additionally, John has helped build a very experienced, talented team at all
levels throughout our North American organization. On behalf of all our
ProLogis associates, I would like to thank John for helping ProLogis achieve
many significant milestones over the past 12 years, and we wish him the very
best in all his new endeavors," Mr. Schwartz added.
John Seiple responded, "I am grateful to have had the opportunity to
participate in the extraordinary growth of ProLogis from the earliest days.
Today, ProLogis is, without question, the industry leader due to the efforts of
our associates worldwide. This is a great time for a transition, as our
unparalleled North American team and leading market position will be further
strengthened with the integration of new Catellus team members."
Upon completion of the Catellus merger, Ted Antenucci, currently president of
Catellus Commercial Development, will assume the majority of Mr. Seiple's
responsibilities.
ProLogis is a leading provider of distribution facilities and services with
310.8 million square feet (28.9 million square meters) in 2,043 distribution
facilities owned, managed and under development in 75 markets in North America,
Europe and Asia. ProLogis continues to expand the industry's first and largest
global network of distribution facilities with the objective of building
shareholder value. The company expects to achieve this through the ProLogis
Operating System(R) and its commitment to be 'The Global Distribution Solution'
for its customers, providing exceptional facilities and services to meet their
expansion and reconfiguration needs.
DATASOURCE: ProLogis
CONTACT: Media, Rick Roth, +1-303-576-2641, ; or
Financial, Melissa Marsden, +1-303-576-2622, , both of
ProLogis
Web site: http://www.prologis.com/