Financial Services >> CEO Interviews >> May 17, 2004

WALTER RAKOWICH – PROLOGIS (PLD)

WALTER C. RAKOWICH has served since December 1998 as Managing Director and Chief Financial Officer of ProLogis, where he is responsible for worldwide corporate finance, including treasury, cash management, financial planning, financial reporting, accounting, legal and investor relations functions. Mr. Rakowich is also a member of the Office of the Chairman, with responsibility for setting the strategic direction of the company and monitoring its implementation and progress. Mr. Rakowich has been with ProLogis in varying capacities since July 1994 (through September 1997, he was employed by ProLogis' former management company). Prior to joining ProLogis, he was a consultant to ProLogis in the area of due diligence and acquisitions, and he was a Principal with Trammell Crow Company, a diversified commercial real estate company in North America. Prior to joining Trammell Crow, Mr. Rakowich was with Price Waterhouse in Pittsburgh, Pennsylvania, for four years as a Senior Audit and Tax Consultant. He received his MBA from Harvard University Graduate School of Business Administration and his BS with distinction, in Accounting, from Pennsylvania State University. Profile
TWST: Please give us a brief history of ProLogis and an overview of your

company's assets.

Mr. Rakowich: We have been in business since 1991 and went public in

1994. In 1997, we expanded into