Key Takeaways
- • Nick Kittredge, President East Region for Prologis, joins FIBRA Prologis Technical Committee as a non-independent member, effective immediately, bringing operational excellence and strategic vision to the board.
- • Edward S. Nekritz, former chief legal officer for Prologis and long-serving non-independent committee member, has concluded his service, with CEO Héctor Ibarzabal citing his contributions to the company's strategic direction.
- • FIBRA Prologis Technical Committee now comprises 11 members: five non-independent (including Kittredge, Armando Fregozo, Deborah Briones, Carter Andrus, and Joseph Ghazal) and six independent members (Alberto Saavedra, Miguel Alvarez del Rio, Monica Flores, Carlos Elizondo, Gonzalo Portilla, and Katia Eschenbach).
- • As of March 31, 2025, FIBRA Prologis operates 507 investment properties totaling 87.0 million square feet, including 345 logistics and manufacturing facilities across six industrial core markets in Mexico with 65.5 million square feet of gross leasing area.
Summary
FIBRA Prologis, a leading owner and operator of Class-A industrial real estate in Mexico, announced immediate changes to its Technical Committee composition. Nick Kittredge, who serves as President of the East Region for parent company Prologis, has joined the committee as a non-independent member, while Edward S. Nekritz, the former chief legal officer for Prologis who served as a non-independent member, has concluded his tenure.
CEO Héctor Ibarzabal welcomed Kittredge's addition, stating that his experience in operational excellence and strategic vision would strengthen the committee's oversight function. Ibarzabal offered formal recognition of Nekritz's departure, describing him as a "trusted and thoughtful voice" whose perspective and guidance have been instrumental in shaping the company's strategic direction and long-term success since the committee's inception.
The Technical Committee's revised composition reflects a balanced governance structure with 11 total members distributed across five non-independent positions (including Kittredge, Armando Fregozo, Deborah Briones, Carter Andrus, and Joseph Ghazal) and six independent members (Alberto Saavedra, Miguel Alvarez del Rio, Monica Flores, Carlos Elizondo, Gonzalo Portilla, and Katia Eschenbach). This structure maintains the committee's mixed composition of industry expertise and independent oversight.
As of the most recent reporting period (March 31, 2025), FIBRA Prologis operated a substantial portfolio of 507 investment properties spanning 87.0 million square feet across Mexico. The core portfolio consists of 345 logistics and manufacturing facilities distributed across six industrial core markets, totaling 65.5 million square feet of gross leasing area, with an additional 162 buildings representing 21.5 million square feet of non-strategic assets in other markets. These committee changes occur within the context of an established, large-scale industrial real estate platform in Mexico.
CEO Héctor Ibarzabal welcomed Kittredge's addition, stating that his experience in operational excellence and strategic vision would strengthen the committee's oversight function. Ibarzabal offered formal recognition of Nekritz's departure, describing him as a "trusted and thoughtful voice" whose perspective and guidance have been instrumental in shaping the company's strategic direction and long-term success since the committee's inception.
The Technical Committee's revised composition reflects a balanced governance structure with 11 total members distributed across five non-independent positions (including Kittredge, Armando Fregozo, Deborah Briones, Carter Andrus, and Joseph Ghazal) and six independent members (Alberto Saavedra, Miguel Alvarez del Rio, Monica Flores, Carlos Elizondo, Gonzalo Portilla, and Katia Eschenbach). This structure maintains the committee's mixed composition of industry expertise and independent oversight.
As of the most recent reporting period (March 31, 2025), FIBRA Prologis operated a substantial portfolio of 507 investment properties spanning 87.0 million square feet across Mexico. The core portfolio consists of 345 logistics and manufacturing facilities distributed across six industrial core markets, totaling 65.5 million square feet of gross leasing area, with an additional 162 buildings representing 21.5 million square feet of non-strategic assets in other markets. These committee changes occur within the context of an established, large-scale industrial real estate platform in Mexico.
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