Welltower (NYSE: WELL) made several appointments and promotions of senior positions to bring an “outsider mentality” to the company’s future plans.
The Toledo, Ohio-based real estate investment trust (REIT) on Tuesday appointed Nikhil Chaudhri to the role of chief investment officer and executive vice president.
Welltower also appointed Ayesha Menon to the role of executive vice president of wellness housing and development.
Other leadership appointments included Swagat Banerjee as chief data officer; Russ Simon as senior vice president and co-head of U.S. investment and Sharon Makowsky as deputy general counsel; and Andrew Cohen as co-head of U.S. investments.
The company’s corporate finance leadership was also bolstered through promotions of Krishna Soma, Matthew Carrus, and Zac Stein. Carrus and Soma were promoted to senior vice president roles and will lead Welltower’s corporate finance and capital markets functions. Stein, who leads the company’s financial planning and analysis function, was named to the company’s senior leadership team.
All of the leaders come to their roles with significant experience. Chaudhri previously worked as senior vice president and co-head of U.S. investments; whileMenon worked as senior vice president of wellness housing and development, a role that tasked her with driving the company’s wellness-focused housing growth initiatives.
Banerjee previously worked as senior vice president of data and insights and has worked in the role for seven years. Simon joined Welltower 12 years ago as an investment analyst, and now leads the company’s investments in the senior housing and medical office sectors.
“They bring an outsider mentality to the company and are being recognized for their unique ability to create value for Welltower’s shareholders and, just as importantly, for their positive impact on the organization overall,” Welltower CEO Shankh Mitra said in a news release regarding the personnel moves.
A Welltower spokesperson declined to comment further on Tuesday’s announcement.
Earlier this year, Welltower announced the initial closing of its previously-announced joint venture with Integra Health, a move that drew skepticism from some in the industry in late 2022. In November, the company also received a favorable decision from federal tax authorities regarding its purview to manage 45,000 IL units.
That ruling gave the company more leeway — and pressure — to “prove to investors that its data analytics platform and operating expertise brought by John Burkart can make a meaningful difference versus the status quo,” Stifel Analyst Tao Qui told Senior Housing News late last year.
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