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Get filing alertsPrologis appoints former Visa CEO Alfred F. Kelly, Jr. to board of directors
Filed July 1, 2026 · Period ending June 29, 2026 · ~1 min read
Key Changes
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Alfred F. Kelly, Jr., former Visa CEO (2016-2023) and executive chairman (2023-2024), appointed as independent director effective June 29, 2026, bringing payment technology and global operations expertise.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR → -
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Kelly will serve on the Board Governance and Nomination Committee and receive standard non-employee director compensation; Board determined he meets NYSE and SEC independence standards.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR → -
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Kelly currently serves on General Motors' board (Audit and Risk/Cybersecurity committees) and as Advisory Director at Berkshire Partners, indicating active governance commitments across multiple organizations.
Exhibit 99.1 view on EDGAR →
Summary
Prologis expanded its board by appointing Alfred F. Kelly, Jr., who led Visa as CEO from 2016 to 2023 and served as executive chairman through 2024. Kelly brings deep experience in payment technology, global markets, and risk management from his tenure at Visa and prior senior roles at American Express.
The Board determined Kelly meets independence standards and assigned him to the Governance and Nomination Committee. For shareholders, this appointment adds governance expertise from a leader who scaled one of the world's largest payment networks.
Kelly's background in technology adoption and risk oversight may inform Prologis's strategic decisions as the industrial real estate sector increasingly integrates digital infrastructure and data-driven operations. His concurrent board service at General Motors (where he sits on audit and cybersecurity committees) demonstrates active engagement in governance, though investors should note the time commitments across multiple organizations. This is a routine board expansion with no immediate operational or financial impact.
Section-by-Section Diff
Event · Exhibit 99.1
Added in current filing · view on EDGAR →
Prologis, Inc. (NYSE: PLD) today announced that its board of directors appointed Alfred F. Kelly, Jr. as a director of the company.
Prologis added Alfred F. Kelly, Jr. to its board of directors. Kelly previously served as CEO of Visa Inc. from 2016 to 2023 and as executive chairman from 2023 to 2024, bringing extensive experience in payment technology, global markets, and risk management to Prologis's governance.
Added in current filing · view on EDGAR →
Kelly served as chief executive officer of Visa Inc. from 2016 to 2023, where he led one of the world’s largest payment technology companies. He was elected chairman of Visa’s board of directors in 2019 and became executive chairman in 2023, serving in that role until 2024.
Prior to Visa, Kelly held senior leadership roles at American Express Company, including president of the company.
Kelly's background includes leading Visa as CEO and executive chairman, as well as serving as president at American Express. His experience spans payment technology, financial services, and large-scale global operations, which may inform Prologis's strategic decisions around technology adoption and risk oversight.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 2, 2026 · How we verify