Héctor Ibarzabal

Managing Director, Prologis Mexico; CEO, FIBRA Prologis

Héctor Ibarzábal has extensive experience in operations, capital deployment, structuring, financing and fundraising in the industrial, office, retail and residential Real Estate sectors.

Mr. Ibarzábal has served as Prologis Mexico´s Managing Director since 2011. In that capacity, he directs all Prologis real estate activity in Mexico which comprises a 50 Million square feet industrial portfolio in Mexico’s premier markets, and all its relative strategic, deployment and disposition activities.

Mr. Ibarzabal is as well Fibra Prologis CEO, where he has participated since its inception in 2014.

Prior to joining Prologis, Mr. Ibarzábal cofounded G. Accion, the first Mexican publicly traded real estate company, where he served as CFO, COO and President. In 2001, G Accion became AMB Property Corporation’s first international partner (prior to its merger with Prologis).

Mr. Ibarzábal is Board Member of Fibra Prologis, and has been president of AMPIP (Mexican Association of Industrial Parks), where he participates on the Board of Directors.

Former avid marathon runner and passionate golfer, he holds a civil engineering degree with honors from Universidad Iberoamericana and an MBA from IPADE.

Armando Fregoso

President, Latin America

Armando Fregoso is Sr. Vice President, Country Manager for Prologis, Inc. in Sao Paulo, Brazil. He is responsible for managing the Prologis Brazil platform in its entirety, consisting of approximately 20 million square feet of assets owned, managed and under construction, with nearly U$2B of AUM and a team of 60 vibrant employees.

Mr. Fregoso joined the Brazil team from Prologis’ Southwest Region, where he contributed significantly to transactional activity, having completed nearly 50 transactions totaling in excess of 21 million square feet of developable and/or existing industrial warehouse space with an estimated total gross project cost in excess of USD 1.6 billion. Prior to joining Prologis in 2010, he was an associate at Xebec Realty Partners, a Los Angeles based industrial real estate firm. His previous international experience includes working for Colliers International in Budapest, Hungary.

Mr. Fregoso has participated in the Dartmouth Society of Investment and Economics, Tuck Real Estate Club and the National Association of Industrial and Office Properties, amongst other organizations. He is a currently a member of RICS Brazil Chapter, GRI and YPO. He graduated from Dartmouth College.

Luis Gutiérrez

Mr. Gutiérrez has nearly three decades of experience in the real estate sector. In addition to serving as CEO of FIBRA Prologis since 2014, he is President for Latin America for Prologis, Inc. In that capacity, he is responsible for all Brazil- and Mexico-related activities including operations, investments, acquisitions and industrial property development. Mr. Gutiérrez co-founded and served as Chief Executive Officer of Fondo Opción (formerly G. Acción), the first public real estate company in Mexico. He is a member of the board of directors of Finances and Central de Estacionamientos. He also served as president of the Mexican Industrial Park Association from 2005-2006. Mr. Gutiérrez holds a civil engineering degree from Universidad Iberoamericana and an MBA from Instituto Panamericano de Alta Dirección de Empresas.Empresas.

Daniel Stephen Letter


As President, Dan Letter is responsible for the company's global real estate operations and capital deployment activities across the 19 countries in which Prologis operates.

Prior to this role he served as the global head of Capital Deployment, where he was responsible for the company’s Investment Committee, deployment forecasting, deployment pipeline management and multi-market portfolio acquisitions and dispositions. He previously held the role of managing director, Capital Deployment of the West Region, and president, Central Region, where he was responsible for all activities, including development, acquisitions and operations. He joined AMB in 2004 and has served at multiple levels across the Central and West Regions of the U.S.

Mr. Letter has a Bachelor of Science in Civil Engineering from Marquette University. He is active in Urban Land Institute, the National Association of Industrial and Office Properties and is on the advisory board for the Marquette University Center for Real Estate.

Edward S. Nekritz

Ed Nekritz serves as chief legal officer and general counsel for Prologis. He oversees the provision of all legal services for Prologis on a worldwide basis. He is also responsible for Prologis' strategic capital and investment services groups. Furthermore, he leads Prologis' risk management and ESG departments. Mr. Nekritz focuses significant efforts on Prologis' strategic initiatives, including mergers & acquisitions, global investment funds and portfolio transactions. He also serves as the secretary to the Prologis board of directors.

Mr. Nekritz joined Prologis as a vice president in 1995. Previously, he was with the international law firm of Mayer, Brown & Platt (now Mayer Brown), where he practiced real estate and corporate law from 1990 to 1995.

Mr. Nekritz serves on the Junior Achievement Rocky Mountain Board of Directors and Executive Committee and the Staenberg-Loup Jewish Community Center Denver Board of Directors. Mr. Nekritz received his J.D. from the University of Chicago Law School and his Bachelor of Arts, with honors, from Harvard College.

Independent Members

Alberto Saavedra

Mr. Saavedra is a partner of the Mexican law firm Santa Marina y Steta, where he has practiced corporate law since 1983. Mr. Saavedra currently serves on the boards of directors of Kimberly-Clark de México, S.A.B. de C.V., Sanluis Corporación, S.A.B. de C.V., Corporación Geo, S.A.B. de C.V. and Mexican Derivatives Exchange, S.A. Mr. Saavedra was also an independent member of the technical committee of Prologis México Fondo Logístico, a Contributing Entity, and was a member of the board of directors of G. Acción, S.A. de C.V. from 1988 to 2008. Mr. Saavedra has a law degree from Universidad Iberoamericana, a Specialization in Commercial Law from Universidad Panamericana and a diploma in Human Development from Universidad Iberoamericana.

Carlos Elizondo Mayer-Serra

Carlos Elizondo Mayer-Serra Received his Ph.D. in Political Science from the University of Oxford, United Kingdom, in 1994. From 1991 until 1995 was assistant professor at CIDE. In 1995 became its President until 2004 when appointed Ambassador of Mexico to the OECD. In 2007 he returned to CIDE as a professor. Since 2016, is professor at the School of Government and Public Transformation at Tec de Monterrey, in Mexico City.

Author of several books, the last one, Los de Adelante corren mucho…Desigualdad, privilegiosy democracia. He writes a weekly op. ed. article at Reforma, on Sundays. Together with Federico Reyes Heroles, hosts a weekly TV program, Primer Círculo, every Monday at AND 40.

Miguel Alvarez del Rio

Mr. Alvarez is CEO of Finaccess Mexico SA de CV, an independent asset manager since 2009. From June 1998 thorugh May 2000, Mr. Alvarez was Managing Director of corporate, transactional and domestic private banking of Grupo Financiero Santander Mexicano, a position preceded by three years experience, from 1995 through 1998, CEO of Banco Santander de Negocios, SA de CV, a subsidiary of Santander Investment, acting as the managing director responsible for investment banking, capital markets, domestic private banking, asset management and asset custody.

Mr. Alvarez holds a BS in Industrial Engineering, from Universidad Iberoamericana, from which he graduated with honors and has an MBA from Columbia University.

Mónica Flores

President of ManpowerGroup for Latin America, responsible for the operation of 18 countries, with more than 3,700 staff employees, 12 Specialized Services in Mexico and more than 70,000 outsourced employees under his charge in the rest of the region. Member of different councils of educational, governmental and business institutions. 

Former President of the American Chamber of Commerce of Mexico, President of the ManpowerGroup Foundation, Global Leader for the Manpower brand, member of the Regional Action Group (RAG) of the World Economic Forum, Member of the B20 Future of Work and Education Taskforce, member of the Council of JA Americas, strategic ally of the Private Sector Alliance for the Empowerment and Progress of the Economic Representation of Women (EMPOWER) of the G20, Councilor of the STEAM Movement, author of the books "How to get your first job" and "En your brands, get set… get hired! ”- guides to support young people in their integration into formal employment - and co-author of“ Tips for Boards ”- a book that addresses boards of directors from a practical approach to creating and managing a successful board of directors.

Recognized as one of the most powerful entrepreneurs in business in Latin America, as one of the 500 people who create value and contribute to the development of the region, and as one of the top 10 global promoters of diversity. Distinguished by the Senate of the Mexican Republic as "Outstanding Woman of the Year 2011", as "Outstanding Woman of the Year in Mexico and Latin America in Business 2016" by the Mexican Institute of Public Accountants and as "Woman of the Decade in Innovation and Leadership ”In 2019, by the Women Economic Forum.

Gonzalo Portilla

Gonzalo has more than 30 years of operating experience in the debt and capital markets and centered its work in real estate since 2006 as responsible for the real estate practice in Citibanamex and lead its execution to 2018.

Managed the client coverage teams, innovated segment-wide financing structures and developed its loan administration and credit extension programs for large to small borrowers. This activity derived in more than usd$3.5Bn of direct financings and another usd$3.5Bn of transaction lead and syndicated to other lenders.

This activity covered construction to stabilized financing, secured and unsecured lending, revolver and loan-on-loan facilities, private and public bond placements as well the structuring and placement of RE private and public (CKD’s) RE equity funds (usd$5.4Bn in public markets issuances).

Prior to 2006 Gonzalo lead the Citibanamex and Citibank Asset Based Finance (leasing and vendor program financing) and Channel Finance (factoring and suppliers/sales financing) practices serving customers in the agro-industrial, transportation, IT, printing, and material’s handling industries.

Since 2018 Gonzalo launched and dedicates its work to foster CBRE’s institutional and independent Loan Services (currently +usd$2.5Bn AUM) and Debt Structure Finance practices to provide an alternate platform to better serve lenders and borrowers.

Katia Eschenbach

Katia Eschenbach is a highly accomplished senior executive with over 25 years of experience in business development, trading, and general management. She is known for her strategic leadership skills and expertise in profitability, team building, and P&L management.

With a strong background in the energy sector, Katia has successfully designed and implemented commercial business opportunities and forged partnerships to drive growth.

From 2010 to 2023, Katia served as the CEO of Trafigura Mexico, the second-largest commodity trading company. In this role, she managed the oil and gas trading business for Mexico and Costa Rica, focusing on establishing short- and long-term commercial strategies, implementing infrastructure, and leading M&A processes.

She successfully developed the retail market and achieved significant infrastructure developments, including the construction of storage facilities and a condensate-based splitter unit.

Prior to her role at Trafigura Mexico, Katia worked as a Trading Manager at PEMEX International, where she successfully managed the Fuel Oil, VGO, Bitumen, and Condensate books.

Katia holds a Master of Science in Business Management from the London School of Economics and a Bachelor of Arts in Economics from the Instituto Tecnológico Autónomo de México.

She is fluent in Spanish, English, and German, and has a strong commitment to sustainability, regulations, compliance, and crisis control. Throughout her career, Katia has mentored and developed employees to achieve corporate goals, demonstrating her dedication to team building and leadership.

As a board member of Global Companies, Katia brings a proven track record of driving growth and profitability, as well as a strategic vision to contribute to the success of the organization.