Welltower Restructures Finance Division, Promotes Three Executives

TOLEDO, Ohio — Welltower Inc. (NYSE: WELL) has promoted Shankh Mitra from senior vice president to CIO and executive vice president, as well as Tim McHugh to senior vice president of corporate finance. Additionally, Tim Lordan was named senior vice president and corporate treasurer, and Rich Hansen has taken on expanded responsibilities as vice president asset management.

In addition to the promotions, Welltower announced new organization structure in its corporate finance and asset management departments to support the continued growth of its healthcare real estate portfolio. 

Mitra’s promotion is to support the company’s extensive acquisition and investment activity, including seniors housing, medical office buildings and other healthcare properties.

With McHugh’s promotion he will continue to oversee the capital markets and corporate finance functions. He gains responsibility for the company’s combined financial planning and analysis and portfolio management functions. McHugh will continue to report to Welltower CFO John Goodey.

Lordan joined Welltower from Starwood Realty Properties, where he was senior vice president of asset management.

Hansen takes on an expanded role, where he will have further accountability for asset management, value-added services and sustainability. He will report to Mitra.