SAN CLEMENTE, Calif. — CareTrust REIT, Inc. (NASDAQ: CTRE) has announced that David Lindahl has resigned from its Board of Directors to pursue other interests.
One of CareTrust’s original independent directors, Lindahl served as chair of the Compensation Committee, and as a member of the Nominating and Corporate Governance and Audit Committees.
“We are grateful to David for his role in shepherding CareTrust from our 2014 spin-off to where we are today,” says Greg Stapley, CareTrust’s chairman and CEO. “David’s insight has proven most valuable, as the company has diversified its tenant base and nearly tripled its net real estate investments during his tenure on the board.”
The search for a replacement is already underway. The board has not yet designated a new chair for the Compensation Committee, but plans to consider the issue at its next meeting in February 2019.