Irving F. Lyons III

Bud Lyons served as a trustee of Prologis from 1996 to 2006 and from 2009 to 2011. He became a member of the Prologis board upon completion of the merger with AMB Property Corporation in 2011. In his current role as a board member, he is the lead independent director and serves on the executive committee.

Mr. Lyons served as Prologis' chief investment officer from 1997 to 2004 (president and CIO from 1999 to 2001 and vice chairman from 2001 to 2004). Prior to this, he was a managing director from 1993 to 1997. Mr. Lyons joined Prologis when King & Lyons, an industrial real estate management and development company based in San Francisco, was acquired by Prologis in 1993. Mr. Lyons had been the managing general partner in that firm since its inception in 1979 and was one of its principals at the time of acquisition. In addition to Prologis, Mr. Lyons serves on the boards of Essex Property Trust, Inc., and Equinix, Inc.

Mr. Lyons received an MBA from Stanford University and a Bachelor of Science in industrial engineering and operations research from the University of California at Berkeley.