Logistic Properties of the Americas Announces Leadership Structure Evolution Strengthening the Organization

Logistic Properties of the Americas (“LPA”), a leading developer, owner and manager of institutional quality, Class A industrial and logistics real estate in Central and South America, today announced an evolution of its leadership structure establishing a COO role with a separate CFO position to further strengthen the team, aligned with LPA’s next phase of growth following its NYSE listing in March 2024.

LPA's Chief Financial Officer (CFO), Annette Fernandez will be appointed as Chief Operating Officer (COO) of LPA, effective May 13, 2024, reflecting Annette’s considerable tenure at LPA as well as the Company’s long-term growth initiatives and an organizational alignment focused on future performance. Paul Smith has joined LPA to assume the Chief Financial Officer role, also effective May 13, 2024. Mr. Smith has more than 15 years of experience as a CFO of public and private companies- including VTrips Holdings, Hoteles City Express, Envases Universales, SAPI, and Grupo Marti- where he gained a deep understanding of real estate transactions, financing negotiation, cross-border acquisitions and integrations, and of Latin American markets, Mexico in particular.

Esteban Saldarriaga, CEO of LPA, said, “Annette has been an outstanding contributor and invaluable member of LPA’s executive leadership team, having served as CFO of LatAm Logistic Properties, S.A. since 2017 and throughout a period of significant transformation and growth, culminating in LPA's successful NYSE listing. As we look to LPA’s future, Annette is well-matched to the task of driving our firm forward as our Company’s COO. Her strategic and collaborative leadership has contributed significantly to our transition to a publicly traded company.” He continued, “Paul brings the experience and depth of financial knowledge to take our work to the next level, and I’m pleased to welcome him to the LPA team to lead our financial operations.” He continued, “This leadership evolution leverages our Company’s solid operational foundation to build on the strong momentum across the Company and execute our growth strategy.”

"I am honored to assume Logistic Properties of the Americas’ COO role, and am particularly grateful to my LPA colleagues and the continued support of Esteban and our board of directors," said Annette Fernandez. "We will continue to build on our strong foundation to deliver industrial real estate solutions for our customers, invest in talent and capabilities, and create value for our shareholders."