Elliott Wins CEO Change and New Capital Strategy at Rexford

Warehouse owner Rexford Industrial Realty Inc. said it will replace top executives and adopt a new capital allocation strategy after Elliott Investment Management built an active stake in the company.

Rexford’s current chief operating officer, Laura Clark, will become chief executive officer on April 1, according to a statement Tuesday. She will replace co-CEOs Michael Frankel and Howard Schwimmer.