David Sedgwick to Take Reins at CareTrust REIT

by Jeff Shaw

SAN CLEMENTE, Calif. — The Board of Directors of CareTrust REIT Inc. (NASDAQ: CTRE) has appointed David Sedgwick as CEO, effective Jan. 1.

Sedgwick will succeed founding chairman and CEO Greg Stapley, who will continue to serve as CareTrust’s executive chairman during an approximately six-month transition period, following which Stapley and his wife Deborah will commence a three-year, full-time volunteer assignment for The Church of Jesus Christ of Latter-day Saints. The board also announced that Diana Laing was appointed as lead independent director.

Sedgwick, who has been with CareTrust since 2014, currently serves as the REIT’s president and chief operating officer and will retain his title as president.

Prior to CareTrust, Sedgwick held various operational and leadership roles within The Ensign Group, Inc. (NASDAQ: ENSG), CareTrust’s predecessor, from 2001 to 2014. San Clemente-based CareTrust was first created as a real estate subsidiary of Ensign and became a standalone public company following a tax-free REIT spin-off in 2014.

Sedgwick is a licensed nursing home administrator and holds a bachelor’s degree in accounting from Brigham Young University and an M.B.A. from the University of Southern California.

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