공시 • Jan 02
Welltower Inc. Announces Management Changes
On January 2, 2025, Welltower Inc. (Welltower) announced certain executive and senior leadership team promotions to solidify further its best-in-class team and to strengthen the company’s long-term growth prospects, including the promotions of Nikhil Chaudhri and Tim McHugh each as a Co-President of Welltower, effective January 2, 2025. Mr. Chaudhri, age 37, was appointed Co-President & Chief Investment Officer after previously serving as Executive Vice President – Chief Investment Officer (“CIO”). Mr. Chaudhri joined Welltower as an associate nearly 10 years ago, assuming roles of increasing responsibility before being named Co-Head of US Investments in 2020 and CIO in 2023. Following his appointment as CIO, Mr. Chaudhri has overseen approximately $11 billion of global capital deployment across all property types and through a wide range of equity and debt investments. Mr. Chaudhri also leads the company's talent recruitment, training, and management program. Mr. Chaudhri holds an MBA from Columbia Business School and a BSE in computer science engineering from the University of Michigan and is a CFA charterholder. Mr. McHugh, age 40, was appointed Co-President & Chief Financial Officer after previously serving as Executive Vice President – Chief Financial Officer. Mr. McHugh joined Welltower in 2016 and assumed increasing levels of responsibility before being appointed CFO in 2019. Mr. McHugh’s previous roles at Welltower included Senior Vice President – Chief Financial Officer & Treasurer from September 2019 to April 2020, Senior Vice President – Corporate Finance from August 2018 to August 2019, and Vice President – Finance and Investments from January 2016 to August 2018. He also served as Welltower’s Treasurer from March 2017 to August 2018. From 2010 to 2015, Mr. McHugh served as Senior Analyst – Real Estate Securities at RREEF Management, currently known as DWS Investments. In recent years, Mr. McHugh has led an unparalleled strengthening of the Company’s balance sheet, with Welltower currently maintaining exceptional levels of liquidity and the strongest leverage metrics among all large cap REITs. He will continue to lead the Company’s corporate finance, capital markets, financial planning and analysis, budgeting, capital planning, tax and financial accounting functions. Mr. McHugh will also partner with John Burkart to further accelerate the buildout of the company's operating platform. Mr. McHugh holds a Bachelor of Science in Finance and a minor in Technology and Management from the University of Illinois at Urbana-Champaign and is a CFA charterholder. On January 2, 2025, Welltower announced the promotions of Messrs. Chaudri and McHugh, as well as the promotions of John Burkart to Vice Chairman & Chief Operating Officer after previously serving as Executive Vice President – Chief Operating Officer, Matthew McQueen to Chief Legal Officer after previously serving as Executive Vice President – General Counsel, John Olympitis to Executive Vice President – Head of Corporate Development after previously serving as Senior Vice President – Head of Corporate Development, Edward Cheung to Executive Vice President – International Investments and Patrick Keppenne to Senior Vice President – Investments. John Burkart has been appointed Vice Chairman & Chief Operating Officer after previously serving as Executive Vice President – Chief Operating Officer. Prior to joining Welltower in 2021, Mr. Burkart spent 25 years at Essex Property Trust, a best-in-class multifamily REIT, most recently serving as Senior Executive Vice President and Chief Operating Officer. During his tenure at Welltower, Mr. Burkart has made tremendous strides in driving structural overhaul for Company through the creation of a first-in-kind operating platform within the seniors housing industry. Importantly, the platform will serve to meaningfully improve and enhance the customer and site level employee experience through the modernization and digital transformation of the business. Mr. Burkart has also sustained the Company’s track record of delivering operating results through a range of asset management and capital management initiatives which will further amplify Welltower’s future operating success. Mr. Burkart holds a BS in Finance from San Jose State University and an MBA in Real Estate from Golden Gate University. Matthew McQueen has been appointed Chief Legal Officer after previously serving as Executive Vice President – General Counsel. Mr. McQueen joined Welltower in 2015 and has been instrumental in Welltower’s growth over the past decade, providing critical guidance on a range of complex global transactions, overall strategic direction, and human capital. He is also deeply involved in the Company’s capital markets activities, risk management of the firm, and oversees all governance related matters. Prior to Welltower, Mr. McQueen served as a partner at Sidley Austin LLP within the Corporate & Securities group. Mr. McQueen holds a BA in English and History from Indiana University and earned his JD from the University of Michigan. John Olympitis has been promoted to Executive Vice President – Head of Corporate Development after previously serving as Senior Vice President – Head of Corporate Development. Mr. Olympitis joined Welltower in 2015 as a senior analyst within the corporate finance group and, following proven success, assumed responsibility for originating development and acquisition transactions across all asset classes. He now leads the Company’s business development and relationship management functions, serving at the forefront of Welltower’s most important operating partner relationships. Mr. Olympitis graduated with honors from University College London (UK). Edward Cheung has been promoted to Executive Vice President – International Investments after previously serving as Senior Vice President – International Investments. Mr. Cheung joined Welltower in 2019 and oversees the Company’s offices in Toronto and London. He is responsible for the transformation and substantial growth of Welltower’s Canada and UK businesses, through numerous value-enhancing transactions across the capital stack. Prior to joining Welltower, Mr. Cheung served as Managing Partner at Brookfield Financial, a Brookfield Company with a focus on structured finance and M&A advisory. Mr. Cheung holds an MBA from INSEAD and graduated from the University of Waterloo (Canada) with a degree in Systems Design Engineering.
