Rexford Industrial Implements CEO Succession Plan
Rexford Industrial (NYSE: REXR) implemented a Board-led succession plan naming Chief Operating Officer Laura Clark as Chief Executive Officer effective April 1, 2026, and adding her to the Board effective November 17, 2025. Co-CEOs Michael Frankel and Howard Schwimmer will step down from their CEO roles on March 31, 2026 and remain Board directors until the 2026 Annual Meeting.
The release highlights Rexford's growth under the departing co-founders: from 5.5M to 51M square feet of industrial property, equity market capitalization rising from $406M at the 2013 IPO to nearly $10B today, and annual revenue growing to nearly $1B. The company said Clark will pursue capital-allocation reforms and operational efficiencies; a separate release outlines strategic and Board updates aimed at enhancing shareholder value.
Rexford Industrial (NYSE: REXR) ha implementato un piano di successione guidato dal Consiglio che nomina la Laura Clark, Chief Operating Officer, come Chief Executive Officer con effetto dal 1 aprile 2026, e l’ha aggiunta al Consiglio a partire dal 17 novembre 2025. I co-CEO Michael Frankel e Howard Schwimmer lasceranno i loro ruoli di CEO il 31 marzo 2026 e rimarranno direttori del Consiglio fino all’Assemblea Annuale 2026. Il comunicato mette in evidenza la crescita di Rexford sotto i cofondatori in partenza: da 5,5 M a 51 M piedi quadrati di proprietà industriale, la capitalizzazione di mercato azionaria è passata da $406 M all’IPO del 2013 a quasi $10 B oggi, e i ricavi annuali sono cresciuti fino a quasi $1 B. L’azienda ha detto che Clark perseguirà riforme nell’allocazione del capitale ed efficienze operative; un comunicato separato delinea aggiornamenti strategici e del Consiglio volti ad aumentare il valore per gli azionisti.
Rexford Industrial (NYSE: REXR) implementó un plan de sucesión liderado por el Consejo que nombra a la directora de operaciones Laura Clark como directora ejecutiva con efecto a partir del 1 de abril de 2026, y la incorpora al Consejo a partir del 17 de noviembre de 2025. Los co-CEOs Michael Frankel y Howard Schwimmer dejarán sus roles de CEO el 31 de marzo de 2026 y seguirán siendo miembros del Consejo hasta la Asamblea Anual de 2026. El comunicado destaca el crecimiento de Rexford bajo los cofundadores que se van: de 5,5 M a 51 M pies cuadrados de propiedad industrial, la capitalización de mercado de acciones pasó de $406 M en la OPV de 2013 a casi $10 B hoy, y los ingresos anuales crecieron a casi $1 B. La empresa dijo que Clark perseguirá reformas de asignación de capital y eficiencias operativas; un comunicado separado describe actualizaciones estratégicas y del Consejo destinadas a aumentar el valor para los accionistas.
Rexford Industrial (NYSE: REXR)는 이사회가 주도하는 승계 계획을 시행하여 Laura Clark를 COO에서 CEO로 임명하고 2026년 4월 1일부로 발효되며, 2025년 11월 17일부터 이사회에 합류하도록 추가했습니다. 공동 CEO Michael Frankel 및 Howard Schwimmer는 2026년 3월 31일에 CEO 직에서 물러나고 2026년 연례 주주총회까지 이사회 이사로 남아 있습니다. 발표는 떠나는 공동 창립자들 아래 Rexford의 성장을 강조합니다: 5.5백만에서 51백만 제곱피트의 산업용 부동산, 2013년 IPO의 주식 시가총액이 4억 6천만 달러에서 오늘날 거의 100억 달러로 증가했고 연간 매출은 거의 10억 달러에 이르렀습니다. 회사는 Clark가 자본 배분 개혁과 운영 효율성을 추구할 것이라고 말했으며, 별도 발표는 주주 가치를 높이기 위한 전략적 및 이사회 업데이트를 간략히 설명합니다.
Rexford Industrial (NYSE: REXR) a mis en place un plan de succession piloté par le conseil, nommant Laura Clark, directrice des opérations, comme directrice générale à compter du 1er avril 2026, et l’intégrant au conseil à compter du 17 novembre 2025. Les co-PDG Michael Frankel et Howard Schwimmer quitteront leurs rôles de PDG le 31 mars 2026 et resteront administrateurs jusqu’à l’Assemblée générale de 2026. Le communiqué met en évidence la croissance de Rexford sous les cofondateurs partants : de 5,5 M à 51 M de pieds carrés de propriétés industrielles, la capitalisation boursière passant de $406 M à l’IPO de 2013 à près de $10 B aujourd’hui, et le chiffre d’affaires annuel atteignant près d’un milliard de dollars. L’entreprise a déclaré que Clark poursuivrait des réformes d’allocation de capital et des efficacités opérationnelles ; un communiqué séparé décrit des mises à jour stratégiques et du conseil visant à accroître la valeur pour les actionnaires.
Rexford Industrial (NYSE: REXR) implementierte einen vorstandsgeführten Nachfolgeplan, der Chief Operating Officer Laura Clark zur Chief Executive Officer ab dem 1. April 2026 ernennt und sie ab dem 17. November 2025 dem Vorstand hinzufügt. Die Co-CEOs Michael Frankel und Howard Schwimmer werden ihre CEO-Rollen am 31. März 2026 abgeben und bis zur Jahresversammlung 2026 Vorstandsdirektoren bleiben. Die Mitteilung hebt Rexfords Wachstum unter den scheidenden Mitgründern hervor: von 5,5 Mio. auf 51 Mio. Quadratfuß Industrieimmobilien, die Marktkapitalisierung am IPO 2013 betrug $406 Mio. und liegt heute bei fast $10 Mrd., und der jährliche Umsatz ist auf fast $1 Mrd. gestiegen. Das Unternehmen sagte, Clark werde Kapitalallokationsreformen und operative Effizienz vorantreiben; eine separate Mitteilung skizziert strategische und Vorstandsaktualisierungen, die darauf abzielen, den Aktionärswert zu erhöhen.
Rexford Industrial (NYSE: REXR) أنشأت Rexford Industrial خطة خلافة يقودها المجلس تسمّي Laura Clark، كمسؤولة العمليات Chief Operating Officer، كمديرة تنفيذية رئيسية اعتباراً من 1 أبريل 2026، وإضافتها إلى مجلس الإدارة اعتباراً من 17 نوفمبر 2025. سيترك الرؤساء التنفيذيون المشاركون Michael Frankel وHoward Schwimmer مناصبهما كمديرين تنفيذيين في 31 مارس 2026 وسيظلان أعضاء مجلس الإدارة حتى اجتماع الجمعية العامة لعام 2026. يبرز البيان نمو Rexford تحت المؤسسين المشاركين المغادرين: من 5.5 مليون إلى 51 مليون قدم مربع من العقارات الصناعية، وتزايد رأس المال السوقي من 406 مليون دولار في اكتتاب 2013 إلى ما يقرب من 10 مليار دولار اليوم، وارتفاع الإيرادات السنوية إلى ما يقرب من مليار دولار. قالت الشركة إن Clark ستسعى إلى إصلاحات تخصيص رأس المال وكفاءات تشغيلية؛ بيان منفصل يوضح تحديثات استراتيجية ومجلس الإدارة يهدف إلى تعزيز قيمة المساهمين.
- Internal CEO succession effective 04/01/2026
- Board continuity with departing Co-CEOs remaining directors until 2026 Annual Meeting
- Portfolio grown to 51M sq ft
- Equity market cap expanded from $406M (2013) to nearly $10B
- Annual revenue grew to nearly $1B
- Co-CEOs exit executive roles effective 03/31/2026
- Leadership transition timing may require execution during 2026
Insights
Internal succession announced; founder transition plus stated capital-allocation priorities make this a material governance event with execution risk.
The board appointed Laura Clark as CEO effective
Key dependencies and risks include management execution of the announced reforms to capital allocation and operational efficiency, and the pace at which the new CEO translates strategy into measurable results. The press release cites past scale—growing from 5.5 million to 51 million square feet and from
Watch for concrete, time‑bound metrics in upcoming disclosures that tie the leadership change to the separate strategic/financial priorities release; near-term milestones to monitor include the implementation timeline for the capital-allocation reforms and any board composition changes ahead of the
Chief Operating Officer Laura Clark to Succeed Howard Schwimmer and Michael Frankel as Chief Executive Officer Effective April 1, 2026
Laura Clark, Rexford Industrial's Chief Operating Officer, will serve as Chief Executive Officer effective April 1, 2026, and was appointed as a member of the Company's Board of Directors effective November 17, 2025. Ms. Clark will succeed Michael Frankel and Howard Schwimmer, both of whom will depart from their roles as Co-CEOs effective March 31, 2026. Mr. Schwimmer and Mr. Frankel will continue to serve as directors on the Board until their terms expire at the Company's 2026 Annual Meeting of Shareholders.
Ms. Clark is a recognized real estate executive with more than two decades of finance and operational experience in the industry. She joined Rexford Industrial as Chief Financial Officer in 2020 and was appointed Chief Operating Officer in 2024. Prior to joining Rexford Industrial, Ms. Clark held various leadership positions at Regency Centers, a publicly-traded retail REIT. Additionally, she held leadership roles across various institutions in real estate capital markets, equity research and investment management.
Tyler Rose, Chairman of the Board of Directors, said, "This transition is the culmination of the Board's multi-year succession planning process that will ensure a seamless handoff of leadership responsibilities. The Board is confident that Laura is the right executive to lead the Company through the execution of its go-forward strategy. She has demonstrated exceptional strategic vision and a passionate commitment to operational excellence, financial discipline and team building. Given her significant qualifications and intimate knowledge of the Company and its assets, we are confident Laura is uniquely suited to serve as Rexford Industrial's next CEO."
"On behalf of everyone at Rexford Industrial, I want to extend our deep gratitude to
"It has been a privilege to establish and lead Rexford Industrial," said Co-CEOs Michael Frankel and Howard Schwimmer. "We're proud of the Rexford team that has enabled the Company's entrepreneurial approach to creating value, and we're excited about Rexford's ongoing opportunity to create significant value for shareholders."
"I am honored to lead Rexford Industrial into the future," said Laura Clark. "I am energized by the opportunities ahead as we advance our differentiated value creation strategy through a refreshed lens, including implementing new actions to reform our capital allocation approach and driving operational efficiency across the organization to enhance value for shareholders. I want to thank
Actions to Further Enhance Shareholder Value
In a separate press release issued today, the Company announced its strategic and financial priorities to enhance shareholder value as well as updates to the Board of Directors.
About Laura Clark
Ms. Clark joined Rexford Industrial as Chief Financial Officer in 2020 before being appointed Chief Operating Officer in 2024. Prior to Rexford Industrial, she served as Senior Vice President, Capital Markets at Regency Centers, a publicly-traded retail REIT and S&P 500 Index member. Prior to that, Ms. Clark was the Vice President, Financial Services at Regency Centers overseeing all operational analysis, budgeting and reporting for the company's West region. Earlier in her career, she held roles in institutional sales and equity research at Green Street Advisors, served as Vice President, Capital Markets at Iron Tree Capital and as Vice President at Inland Capital Markets Group. Ms. Clark is a Chartered Financial Analyst (CFA), holds a Bachelor of Science degree in finance from DePaul University in
About Rexford Industrial
Rexford Industrial creates value by investing in, operating and redeveloping industrial properties throughout infill
Forward Looking Statements
This press release may contain forward-looking statements within the meaning of the federal securities laws, which are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as "may," "will," "should," "expects," "intends," "plans," "anticipates," "believes," "estimates," "predicts," or "potential" or the negative of these words and phrases or similar words or phrases which are predictions of or indicate future events or trends and which do not relate solely to historical matters. While forward-looking statements reflect the Company's good faith beliefs, assumptions and expectations, they are not guarantees of future performance. In addition, projections, assumptions and estimates of our future performance and the future performance of the industry in which we operate are necessarily subject to a high degree of uncertainty and risk due to a variety of factors, including those described above. These and other factors could cause results to differ materially from those expressed in our estimates and beliefs and in the estimates prepared by independent parties. For a further discussion of these and other factors that could cause the Company's future results to differ materially from any forward-looking statements, see the reports and other filings by the Company with the
Contacts
Michael Fitzmaurice
Chief Financial Officer
(714) 735-7554
mfitzmaurice@rexfordindustrial.com
Mikayla Lynch
Director, Investor Relations and Capital Markets
(424) 276-3454
mlynch@rexfordindustrial.com
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SOURCE Rexford Industrial Realty, Inc.
FAQ
When will Laura Clark become CEO of Rexford Industrial (REXR)?
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What growth metrics did Rexford cite in the succession announcement for REXR?
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