TOLEDO, Ohio, April 16, 2021 /PRNewswire/ — Welltower ® Inc. (NYSE: WELL) introduced right now that the Board of Administrators has nominated Dennis G. Lopez and Ade J. Patton to be elected as administrators on the upcoming Welltower 2021 Annual Assembly of Shareholders.
“The Board is delighted to appoint Dennis G. Lopez, the Chief Govt Officer of QuadReal Property Group Ltd., a worldwide actual property, working and improvement firm,” mentioned Kenneth J. Bacon, Chairman and Impartial Director of the Welltower Board. “Dennis’ management on the helm of a worldwide actual property platform, along with his thirty plus years in actual property funding administration and funding banking make him extraordinarily properly certified to function a Welltower director. We’re equally thrilled to appoint Ade J. Patton, Govt Vice President and Chief Monetary Officer of HBO Max (a worldwide direct to shopper service at WarnerMedia, LLC), who has a novel and spectacular background in strategic monetary administration, allocating capital within the media and expertise house, and investor expertise, all of which has led to his fast ascent at WarnerMedia.”
Lopez, 66, is an achieved govt with deep expertise in all facets of actual property administration. After spending the primary half of his profession in actual property funding banking with J.P. Morgan, Dennis pivoted to the principal investing aspect. At AXA Actual Property, the place Dennis served as Chief Funding Officer, he chaired the fairness and debt funding committees and oversaw roughly $60 billion of acquisitions, gross sales and financings. Within the 4 years since he assumed the Chief Govt Officer function at QuadReal, belongings underneath administration have greater than doubled to over CAD $58 billion.
Patton, 42, is an achieved govt with a powerful mixture of investor expertise and monetary experience. Ade started his profession at Bain & Firm as a strategic marketing consultant then transitioned to Harvard College to earn his J.D./M.B.A.. After ten years honing his investor, decision-making and strategic acumen in public fairness investing at Magnetar Capital, Citadel and Millennium Administration, Ade was recruited by senior administration at Time Warner the place he has risen from Senior Vice President, Monetary Planning and Evaluation at Turner Broadcasting to his present place as Govt Vice President and Chief Monetary Officer of HBO Max. Ade additionally serves on the personal board of Root Sports activities Northwest which is a three way partnership between AT&T (proprietor of WarnerMedia) and the Seattle Mariners.
Along with nominating Mr. Lopez and Mr. Patton as impartial administrators, the Board additionally nominated incumbent impartial administrators, Kenneth J. Bacon (Chairman), Karen B. DeSalvo, Jeffrey H. Donahue, Philip L. Hawkins, Diana W. Reid, Sergio D. Rivera, Johnese M. Spisso, and Kathryn M. Sullivan, and CEO and Chief Funding Officer, Shankh Mitra, as director.
The Firm additionally introduced that Sharon M. Oster is not going to search re-election on the 2021 Annual Assembly.
“Lastly, I want to take this chance to precise my deep gratitude to Sharon Oster who has made an immeasurable contribution to Welltower throughout the 27 years she has served on the Welltower Board,” added Mr. Bacon.
Welltower Inc. (NYSE: WELL), an S&P 500 firm headquartered in Toledo, Ohio, is driving the transformation of well being care infrastructure. The Firm invests with main seniors housing operators, post-acute suppliers, and well being programs to fund the actual property infrastructure wanted to scale revolutionary care supply fashions and enhance folks’s wellness and total well being care expertise. Welltower™, an actual property funding belief (REIT), owns pursuits in properties concentrated in main, high-growth markets in the US, Canada, and the United Kingdom, consisting of seniors housing and post-acute communities and outpatient medical properties. Extra data is obtainable at http://welltower.com/.
SOURCE Welltower Inc.
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