Rexford Industrial names COO Laura Clark CEO effective April 1, 2026; strategic overhaul with $20–25M G&A savings

Rexford Industrial Realty, Inc.

Laura Clark, current COO, will become CEO on April 1, 2026, succeeding co-CEOs Michael Frankel and Howard Schwimmer.
Frankel and Schwimmer receive $22.59M each in restricted stock awards; they remain directors until the 2026 annual meeting.
Company targets $20–25M net G&A savings in 2026, with full-year G&A guided to $57–62M (below 6.2% of revenue).
Capital allocation reformed: programmatic dispositions, reduced development exposure, share repurchases when NAV discount exists.
New independent director to be added by end of 2025 after constructive engagement with Elliott Investment Management.

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