Edition:
United States

Welltower Inc (HCN)

HCN on New York Consolidated

65.67USD
9 Dec 2016
Change (% chg)

$0.06 (+0.09%)
Prev Close
$65.61
Open
$65.53
Day's High
$66.46
Day's Low
$65.48
Volume
1,658,655
Avg. Vol
2,202,126
52-wk High
$80.19
52-wk Low
$52.80

Summary

Name Age Since Current Position

Jeffrey Donahue

70 2014 Independent Chairman of the Board

Thomas DeRosa

58 2014 Chief Executive Officer, Director

Scott Estes

45 2013 Chief Financial Officer, Executive Vice President

Jeffery Miller

56 2014 Chief Operating Officer, Executive Vice President

Scott Brinker

39 2014 Executive Vice President, Chief Investment Officer

Matthew McQueen

2016 Senior Vice President, General Counsel, Corporate Secretary

Kenneth Bacon

61 2016 Independent Director

Fred Klipsch

74 2009 Independent Director

Geoffrey Meyers

71 2015 Independent Director

Timothy Naughton

54 2013 Independent Director

Sharon Oster

67 1994 Independent Director

Judith Pelham

70 2012 Independent Director

Sergio Rivera

53 2015 Independent Director

R. Scott Trumbull

67 1999 Independent Director

Biographies

Name Description

Jeffrey Donahue

Mr. Jeffrey H. Donahue is an Independent Chairman of the Board of the Company. Mr. Donahue is former President and Chief Executive Officer of Enterprise Community Investment, Inc. (provider of affordable housing), a position he held from 2003 to 2009. Mr. Donahue was Executive Vice President and Chief Financial Officer of The Rouse Company (real estate development and operations) from 1998 to 2002. Mr. Donahue serves as a director of NewTower Trust Company (non-depository trust company specializing in real estate investment), the National Development Company (commercial development and property company), and as Chairman of Xenia Hotels & Resorts, Inc. (public real estate investment trust). Mr. Donahue also previously served on the boards of Bentall Kennedy (institutional real estate investment advisor) until 2015, four T. Rowe Price mutual funds and the T. Rowe Price Savings Bank, plus numerous charitable boards. Mr. Donahue has served as a director of the Company since 1997 and is a member of the Board’s Executive, Investment, Nominating/Corporate Governance and Planning Committees. Mr. Donahue serves as the Chair of the Executive and Nominating/Corporate Governance Committees. Mr. Donahue has extensive knowledge of the real estate industry from his experience as President and Chief Executive Officer of Enterprise Community Investment, Inc. and Executive Vice President and Chief Financial Officer of The Rouse Company.

Thomas DeRosa

Mr. Thomas J. DeRosa is Chief Executive Officer, Director of the Company. Mr. DeRosa is former Vice Chairman and Chief Financial Officer of The Rouse Company (real estate development and operations), a position he held from September 2002 until November 2004 when The Rouse Company merged with General Growth Properties, Inc. From 1992 to September 2002, Mr. DeRosa held various positions at Deutsche Bank (Deutsche Bank AG) and Alex. Brown & Sons, including Global Co-Head of the Health Care Investment Banking Group of Deutsche Bank and Managing Director in the Real Estate Investment Banking Group of Alex. Brown & Sons. Mr. DeRosa also serves as a director of Benchmark Senior Living (leading provider of senior living services in the Northeast), Argentum (advocate for excellence in senior living), Value Retail PLC (U.K.-based owner, operator and developer of luxury shopping villages in Europe) and Empire State Realty Trust, Inc. (owner, manager and operator of office and retail properties). Mr. DeRosa served as a director of Dover Corporation (global provider of equipment, specialty systems and services for various industrial and commercial markets) until 2010, Georgetown University (where he also served on the Audit Committee) until 2014, and CBL & Associates Properties, Inc. (owner and developer of shopping centers) until 2015, and as a member of the Health Advisory Board of the Johns Hopkins Bloomberg School of Public Health until 2009. Mr. DeRosa has served as a director of the Company since 2004 and is a member of the Board’s Executive, Investment and Planning Committees. Mr. DeRosa has extensive knowledge of the real estate industry and capital markets from his experience as Vice Chairman and Chief Financial Officer of the Rouse Company and his leadership roles at Deutsche Bank and Alex. Brown & Sons and his day-to-day leadership of the Company as Chief Executive Officer provides him with intimate knowledge of the Company’s business and operations.

Scott Estes

Mr. Scott A. Estes is Chief Financial Officer, Executive Vice President of the Company. Mr. Estes has served as Executive Vice President and Chief Financial Officer of the Company since January 2009. Mr. Estes served as Senior Vice President and Chief Financial Officer of the Company from March 2006 to January 2009 and as Vice President of Finance of the Company from April 2003 to March 2006. From January 2000 to April 2003, Mr. Estes served as a Senior Equity Research Analyst and Vice President with Deutsche Bank Securities.

Jeffery Miller

Mr. Jeffery H. Miller is Chief Operating Officer, Executive Vice President of the Company. Mr. Miller has served as Executive Vice President and Chief Operating Officer of the Company since July 2014. Mr. Miller served as Executive Vice President and General Counsel of the Company from March 2006 to July 2014 and assumed the additional title of Executive Vice President-Operations in January 2009. Mr. Miller served as Vice President and General Counsel of the Company from July 2004 to March 2006. From 1996 to June 2004, Mr. Miller was a partner in the real estate practice group of the law firm of Shumaker, Loop & Kendrick, LLP.

Scott Brinker

Mr. Scott M. Brinker is Executive Vice President, Chief Investment Officer of the Company. Mr. Brinker has served as Executive Vice President and Chief Investment Officer of the Company since July 2014. Mr. Brinker served as Executive Vice President-Investments of the Company from January 2012 to July 2014, as Senior Vice President-Underwriting and Research of the Company from January 2009 to January 2012 and as Vice President-Underwriting and Research of the Company from January 2006 to January 2009. Since July 2001, Mr. Brinker has served in various capacities with the Company.

Matthew McQueen

Mr. Matthew McQueen is Senior Vice President, General Counsel, Corporate Secretary of the Company. He joined Welltower in April 2015 from Sidley Austin LLP ("Sidley") in Chicago, where he served as a partner in their Corporate & Securities group. In his 11 years at Sidley, he led a substantial practice in mergers and acquisitions, working on domestic and global transactions for public and private companies in transactions ranging from several million to billions of dollars; corporate governance; public and private securities offerings and joint ventures. While at Sidley, Mr. McQueen represented Welltower in several transactions, including the company's acquisition of Genesis HealthCare, Sunrise Senior Living, HealthLease and several joint ventures including Revera and Senior Resource Group. Mr. McQueen holds a B.A. in English and History from Indiana University. He earned his J.D. from the University of Michigan.

Kenneth Bacon

Mr. Kenneth J. Bacon is Independent Director of the Company. Mr. Bacon has an extensive background in finance and real estate, having served in senior positions at Morgan Stanley, the Resolution Trust Corporation and the Federal National Mortgage Association (“Fannie Mae”). Mr. Bacon served as the Executive Vice President of Fannie Mae’s multifamily mortgage business from July 2005 to March 2012 and in a variety of other capacities with Fannie Mae since 1993. Mr. Bacon has been Co-founder and Managing Partner at RailField Realty Partners (financial advisory and asset management firm) since his retirement from Fannie Mae in 2012. Mr. Bacon also serves as a director of Comcast Corporation (global media and technology company), Ally Financial Inc. (financial service company), and Forest City Realty Trust, Inc. (commercial and residential real estate investment company). Mr. Bacon has served as a director of the Company since January 2016 and is a member of the Board’s Audit, Investment and Planning Committees.

Fred Klipsch

Mr. Fred S. Klipsch is Independent Director of the Company. Mr. Klipsch also serves as a director of VOXX International Corporation (consumer electronics company), The Friedman Foundation for Educational Choice and Marian University, Institute for Quality Education (non-profit organizations that educate families on school choice). From 2011 to 2014, Mr. Klipsch was Chairman of Klipsch Group, Inc. (global speaker manufacturer) and from 1989 until 2011, he was Chairman, Chief Executive Officer and majority owner of Klipsch Group, Inc. From 1982 until 1989, Mr. Klipsch was Executive Vice President, Chief Operating Officer and Chief Development Officer of Forum Group Inc. (owner, operator and developer of hospitals, retirement centers and nursing homes). From 1989 until 1996, Mr. Klipsch was Chairman and majority owner of National Guest Homes (developer and operator of assisted living centers in the southern part of the United States). In addition, Mr. Klipsch was Chairman and majority owner of Hospital Affiliates Development Corporation (“HADC”) (medical properties development company) from 1989 until 2002 at which time it became part of Windrose Medical Properties Trust (self-administered and self-managed real estate investment trust focused on owning and developing acute care medical properties throughout the United States). Mr. Klipsch served as Chairman and Chief Executive Officer of Windrose Medical Properties Trust from its formation and initial public offering in 2002 until December 2006, when Windrose Medical Properties Trust merged with the Company. Mr. Klipsch served as Vice Chairman of the Company from December 2006 until May 2009.

Geoffrey Meyers

Mr. Geoffrey G. Meyers is Independent Director of the Company. Mr. Meyers is the retired Chief Financial Officer, Executive Vice President and Treasurer of HCR ManorCare, Inc. (provider of short-term, post-acute services and long-term care), a position he held from 1991 to 2006. Prior to his work at HCR ManorCare, Inc., Mr. Meyers served as Chief Financial Officer of the Health Care Division of Owens-Illinois, Inc. (glass manufacturer and former holding company of HCR ManorCare, Inc.). Currently, Mr. Meyers serves as a director of HCA (hospital and freestanding surgery center operator in the United States and England) and is Chairman of its Audit Committee. He is also Chairman of PharMerica (institutional pharmacy primarily for long-term care and assisted living facilities) and Chairman of Trust Company of Toledo (NW Ohio trust bank). Mr. Meyers has served as a director of the Company since 2014 and is a member of the Board’s Audit, Compensation, Investment and Planning Committees.

Timothy Naughton

Mr. Timothy J. Naughton is a Independent Director of the Company. Mr. Naughton is Chairman and Chief Executive Officer of AvalonBay Communities, Inc. (real estate investment trust focused on developing, redeveloping, acquiring and managing high-quality apartment communities). Mr. Naughton has served as a director of AvalonBay Communities, Inc. since 2005, as its Chief Executive Officer since January 2012, as its President since February 2005 and in a variety of other capacities with AvalonBay Communities, Inc. or its predecessors since 1989. Mr. Naughton serves as Vice Chair of the National Association of Real Estate Investment Trusts, is a member of The Real Estate Roundtable, a member and past chairman of the Multifamily Council of the Urban Land Institute and a member of the Real Estate Forum. Mr. Naughton has served as a director of the Company since 2013 and is a member of the Board’s Compensation, Investment and Planning Committees. As the current Chief Executive Officer of a leading, publicly-traded real estate investment trust, Mr. Naughton brings strategic insight gleaned from being the leader of one of the most progressive, well-managed companies in a comparable industry. Mr. Naughton has over 20 years of experience in the real estate investment trust and commercial real estate sectors.

Sharon Oster

Ms. Sharon M. Oster is Independent Director of the Company. Ms. Oster is Frederic D. Wolfe Professor of Management and Entrepreneurship, Professor of Economics, at Yale University School of Management. From 2008 to 2011, she served as the Dean of the Yale University School of Management. Ms. Oster also served as a director of Bentall Kennedy (institutional real estate investment advisor) until 2015. Ms. Oster served as a director of The Aristotle Corporation (holding company for a manufacturer and distributor of educational, health and agricultural products) and Transpro, Inc. (designer and manufacturer of precision transportation products) until 2005. Ms. Oster has served as a director of the Company since 1994 and is a member of the Board’s Compensation, Executive, Investment, Nominating/Corporate Governance and Planning Committees. Ms. Oster serves as the Chair of the Compensation Committee. Ms. Oster’s expertise in competitive strategy, economic theory and management, leadership role at the Yale University School of Management and directorships with a variety of public companies give her a unique perspective.

Judith Pelham

Ms. Judith C. Pelham is Independent Director of the Company. Ms. Pelham is the President Emeritus of Trinity Health (national health care system). From May 2000 to December 2004, Ms. Pelham served as the President and Chief Executive Officer of Trinity Health. Ms. Pelham served as the President and Chief Executive Officer of Mercy Health Services (health care system) from 1993 to 2000, the President and Chief Executive Officer of the Daughters of Charity Health Services, Austin, TX (network of hospitals, home care and ambulatory services) from 1982 to 1992, and the Assistant Vice President of Brigham and Women’s Hospital from 1976 to 1980. Ms. Pelham also serves as a director of Amgen Inc. (biotechnology company) and a trustee of Smith College. Ms. Pelham has served as a director of the Company since 2012 and is a member of the Board’s Compensation, Investment, Nominating/Corporate Governance and Planning Committees. Ms. Pelham has extensive knowledge and leadership experience in the health care industry from her service as the President and Chief Executive Officer of Trinity Health, Mercy Health Services and the Daughters of Charity Health Services, Austin, TX.

Sergio Rivera

Mr. Sergio D. Rivera is Independent Director of the Company. Mr. Rivera is President of The Americas for Starwood Hotels & Resorts Worldwide, Inc. (hotel and leisure company), a position he has held since 2012. He also serves as Chief Executive Officer and President of Starwood Vacation Ownership, Inc., a wholly owned subsidiary of Starwood Hotels & Resorts Worldwide, Inc., a position he has held since 2007. Mr. Rivera has served in a variety of capacities with Starwood Hotels & Resorts Worldwide, Inc. since 1998. Mr. Rivera is also a director and trustee of the American Resort Development Association and trustee of the Florida Chapter of The Nature Conservancy. Additionally, he serves as a member of the University of Central Florida Rosen College of Hospitality Management Advisory Board, the Florida International University Chaplin School of Hospitality & Tourism Management Dean’s Advisory Board, the Urban Land Institute and the CEO Roundtable of the U.S. Travel Association. Mr. Rivera has served as a director of the Company since 2014 and is a member of the Board’s Audit, Investment and Planning Committees.

R. Scott Trumbull

Mr. R. Scott Trumbull is Independent Director of the Company. Mr. Trumbull is the retired Chairman of the Board of Franklin Electric Co., Inc. (manufacturer of water and fuel pumping systems), a position he held from 2003 to 2015. From 2003 to 2014, Mr. Trumbull was also Chief Executive Officer of Franklin Electric Co., Inc. From 2001 through 2002, Mr. Trumbull was Executive Vice President and Chief Financial Officer of Owens-Illinois, Inc. (manufacturer of glass containers). From 1993 to 2001, Mr. Trumbull served as Executive Vice President, International Operations & Corporate Development of Owens-Illinois, Inc. Mr. Trumbull also serves as a director of Schneider National, Inc. (privately-held leader in freight delivery and logistics), Artisan Partners Funds, Inc. (registered mutual fund), Columbus McKinnon Corporation (designer, manufacturer and marketer of material handling systems and services) and is a member of the Board of Trustees of ProMedica (leading healthcare system with facilities located throughout Northwest Ohio and Southeast Michigan). Mr. Trumbull has served as a director of the Company since 1999 and is a member of the Board’s Audit, Executive, Investment and Planning Committees. Mr. Trumbull serves as the Chair of the Audit Committee.

Basic Compensation