P3 Logistic Parks (P3) has commenced the search for a new CEO after Frank Pörschke notified the board of his intention to step down from the role in the second half of 2026.
Pörschke remains fully committed to advancing P3’s strategic objectives and will work closely with the company’s board to facilitate a seamless handover to the next CEO.
Tay Lim Hock, chair of P3, said: “This is a proactive and planned process that reflects P3’s strong position and commitment to delivering customer and shareholder value. I am grateful that Frank has agreed to remain with the business while the board undertakes a thorough and thoughtful process to select a successor who aligns with P3’s strategy, culture and long-term goals.”
Tracy Stroh, head of real estate, Europe, at GIC, added. “GIC is confident in the future of the P3 business. We continue to see favourable tailwinds in the logistics sector which supports P3’s long-term strategic vision. The business remains well-positioned to drive sustainable growth and long-term value creation.”
