Of this total $1,000,039 was received as a salary, $3,920,000 was received as a bonus, $1,500,088 was received in stock options, $5,999,991 was awarded as stock and $333,592 came from other types of compensation. Dan for their years of service as Trustees of Public Storage. Mr. Neithercut said, I have long respected Public Storages leadership in both the self-storage sector and real estate generally. Mr. Mitra will retain his CIO title and continue to lead Welltower's data analytics-driven capital allocation and operator relationships. His vision of reimagining and reinventing the built environment for effective delivery of health care and wellness services has played an instrumental role in transforming Welltower into the worlds largest health and wellness real estate platform. In this role, Bacon will lead the board and partner with Mitra and the leadership team as they execute the companys strategy to create long-term shareholder value. As a veteran of the REIT space, I recognize the strength of Public Storages business and financial foundation, as well as the talent of the management team and Board. Figured I'd Blogs - Speaking Tree Rudra Centre presents Divine Rudraksha Rings in Pure Silver, with separate elegant designs for Men and Women. For more information, visitwww.welltower.com. Public Storage, a member of the S&P 500 and FT Global 500, is a REIT that primarily acquires, develops, owns and operates self-storage facilities. In addition to a strong brand and deep customer loyalty, Public Storage has a demonstrated commitment to empowering its employees and creating a diverse and inclusive workplace. With our highly-motivated team and an ultra-strong balance sheet, we are well positioned to drive significant long-term value for shareholders. From July 2013 to December 2015, Mr. Mitra served as Portfolio Manager, Real Estate Securities at Millennium Management. Shankh Mitra is 39, he's been the Chief Executive Officer, Chief Investment Officer, and Director of Welltower since 2020. We have the utmost confidence in Shankhs strategic vision and leadership and believe he is the right person to guide Welltower as it continues to successfully navigate the current environment and pursue the exciting next phase of growth for the Company.. The company also announced thatKenneth J. Bacon, who has been serving as an independent director on the board since 2016, has been named chairman. Previously, he was a member of the board of directors of Bentall Kennedy L.P., until its acquisition by Sun Life Financial ofCanadain 2015, and of Forest City Realty Trust, Inc., until its acquisition byBrookfieldin 2018. We have the utmost confidence in Shankh's strategic vision and leadership and believe he is the right person to guide Welltower as it continues to successfully navigate the current environment and pursue the exciting next phase of growth for the Company. Welltower is in a very strong position today and has a bright future., Mr. DeRosa commented, I am proud of our many accomplishments during my time as CEO and thankful to the Board and the entire Welltower team for allowing me to pursue my vision. Mr. Bacon is a co-founder of RailField Realty Partners, a financial advisory and asset management firm. The Board is pleased to appoint Shankh as CEO, continued Donahue. Prior to joining Welltower, Mr. Mitra was a Portfolio Manager investing in Real Estate Securities at Millennium Management, where he managed an accomplished team of investment professionals responsible for bottom-up underwriting of commercial real estate companies and portfolios, security selection, quantitative portfolio and risk management. international 9200i parts / shankh mitra wife. I look forward to bringing my expertise to the Board to help advance Public Storages strategic initiatives and drive value for its shareholders, employees and loyal customers.. DeRosa is stepping down as Chairman and CEO after leading Welltower . We wish them all the best in their future endeavors., The Public Storage Board continuously reviews our Board composition to ensure that we are aligned with the interests of our stakeholders, and todays announcement follows engagement and input from our shareholders, added Mr. Havner. Cision Distribution 888-776-0942 The Company also announced thatKenneth J. Bacon, who has been serving as an Independent Director on the Board since 2016, has been named Chairman. Over the last five years, Matt, Tim and I have been working closely together alongside Jeff and Ken. Get contact details including emails and phone numbers Shankh has made over 9 trades of the Welltower stock since 2018, according to the Form 4 filled with the SEC. Mr. Bacon received an MBA fromHarvard Business School, a Master of Science (M.Sc.) Mr. Bacon joined Welltowers Board of Directors in 2016. Public Storage and Elliott Associates, L.P. (Elliott) have had constructive discussions in recent weeks. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. As of October 5, 2020, near-term liquidity totaled $5.3 billion. Although the last seven months have been very challenging for the senior housing triple net operators, the sequential stabilization we saw between the second and third quarter, along with relief funds from [the Department of Health and Human Services] to be received in the fourth quarter, should help our operators find their footing heading into 2021, said Tim McHugh, executive vice president and chief financial officer. TOLEDO, Ohio Welltower Inc. (NYSE: WELL) announced that Shankh Mitra has been appointed chief executive officer and will join the board of directors. TOLEDO, OhioWelltower Inc. (NYSE:WELL) announced that Shankh Mitra has been appointed chief executive officer and will join the board of directors. The chart on this page features a breakdown of the total annual pay for Shankh Mitra, Chief Executive Officer & Chief Investment Officer at WELLTOWER INC. as reported in their proxy statements. Forward-Looking Statements and Risk Factors. The Board is pleased to appoint Shankh as CEO, continued Donahue. Welltower, a real estate investment trust (REIT), owns interests in properties concentrated in major, high growth markets in the United States, Canada and the United Kingdom, consisting of seniors housing, post-acute communities and outpatient medical properties. He also served as a Senior Analyst at Citadel Investment Group and Fidelity Investments. Mr. Neithercut is a former Chairman and member of the Advisory Board of Governors of the National Association of Real Estate Investment Trusts (Nareit) and formerly served on the Policy Advisory Board of the Joint Center for Housing Studies at Harvard University. He is a member of the board of directors of Comcast Corporation, having previously served as lead independent director, and of Ally Financial Inc. He also served as Senior Vice President, Finance, and then as Senior Vice President, Investments, before assuming his most recent roles. Welltower, a real estate investment trust (REIT), owns interests in properties concentrated in major, high growth markets inthe United States,Canadaand theUnited Kingdom, consisting of seniors housing, post-acute communities and outpatient medical properties. Most recently he exercised 1,666 units of WELL stock worth $458,350 on 26 April 2022. . On behalf of the entire Board of Directors, I want to sincerely thank Tom for his lasting contributions to the Company. Shankh Mitra serves as Chief Executive Officer, Chief Investment Officer, Director of the Company. Mr. Mitra is primarily responsible for capital allocation decisions at Welltower, and brings over a decade of experience in investments, finance and real estate to the Company. Welltower Inc. (NYSE:WELL), an S&P 500 company headquartered inToledo, Ohio, is driving the transformation of health care infrastructure. Welltower, a real estate investment trust ('REIT'), owns interests in properties concentrated in major, high-growth markets in the United States, Canada and the United Kingdom, consisting of seniors housing, post-acute communities and outpatient medical properties. degree from the London School of Economic and Political Science, and a bachelor's degree in Anthropology from Stanford University. "The answer to that question is an emphatic no," he told analysts. Biography of Shankh Mitra Mr. Shankh Mitra is an Independent Trustee at Public Storage, a Director, Chief Executive & Investment Officer at Welltower, Inc. and a Member-Real Estate & Infrastructure Counsel at The World Economic Forum USA, Inc. To subscribe, please click here: SUBSCRIBE, Posted in Breaking News, Companies & People, REIT Report. While COVID-19 has presented us with many challenges, the past six months have underscored Welltowers core value proposition: to serve as a strategic, nimble and creative capital allocator by leveraging our operator relationships and data platform. Over the last five years, Matt, Tim and I have been working closely together alongside Jeff and Ken. Mr. Bacon has served as RailField's managing partner since his retirement from the Federal National Mortgage Association ("Fannie Mae") in March 2012. The proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. Shankha is a resident of 13637 Sheila Lynn Crt, Dade City, FL 33525-4514. Since the start of the pandemic, Shankhs unyielding focus on portfolio performance and optimization has never been more evident. For a woman, a religious, devoted wife, wealthy, all comforts of . Bacon is a co-founder of RailField Realty Partners, a financial advisory and asset management firm. With our highly-motivated team and an ultra-strong balance sheet, we are well positioned to drive significant long-term value for shareholders., Bacon added, I am honored to be named Chairman and look forward to working with Shankh and the rest of the highly-experienced leadership team and board to build upon the foundation Tom laid and deliver significant per-share growth to our shareholders. Previously, he was a member of the Board of Directors of Bentall Kennedy L.P. until its acquisition by Sun Life Financial of Canada in 2015 and Forest City Realty Trust, Inc. until its acquisition by Brookfield in 2018. There are no executives at Welltower getting paid more. Welltower Inc. (NYSE:WELL), an S&P 500 company headquartered inToledo, Ohio, is driving the transformation of health care infrastructure. Also since the last earnings call, Welltower also entered into an agreement to acquire a portfolio of 25 assisted living and memory care communities located throughout the Midwest. Public Storage Appoints Three New Independent Trustees, https://www.businesswire.com/news/home/20201213005046/en/, Business Mr. Williams is a seasoned public and private company director with extensive corporate governance expertise and currently serves as President of the National Association of Corporate Directors (NACD) Chicago Chapter. Finally, Welltower undertakes no obligation to update or revise publicly any forward-looking statements, whether because of new information, future events or otherwise, or to update the reasons why actual results could differ from those projected in any forward-looking statements. Tim McHugh. (business & personal). For more information, visit www.welltower.com. Mr. Shankh Mitra is an Independent Trustee at Public Storage, a Director, Chief Executive & Investment Officer at Welltower, Inc. and a . Executive Vice President - Chief Operating Officer. The exception right now, he said, is in independent living, where he said people are taking their time to make a decision. The communities will be operated by StoryPoint Senior Living under a new triple-net master lease. your request. He joined Welltower in 2016 as Senior Vice President, Finance, and served as Senior Vice President, Investments, Executive Vice President, Vice Chairman, and Chief Operating Officer before assuming his current role. Bachelor of Engineering (Electronics Engineering), If you're not automatically redirected, please click here. 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