LTC Appoints Wendy Simpson Executive Chairman of Board of Directors; Promotes Pam Kessler and Clint Malin to Co-Chief Executive Officers, and Cece Chikhale to Chief Financial Officer
09 Décembre 2024 - 3:15PM
Business Wire
LTC Properties, Inc. (NYSE: LTC), a real estate investment trust
primarily invests in seniors housing and health care properties,
today announced that Wendy Simpson has been appointed Executive
Chairman of Board of Directors, Pam Kessler and Clint Malin have
been promoted to Co-Chief Executive Officers, and Cece Chikhale has
been promoted to Chief Financial Officer. The appointments are part
of the Company’s succession plan and are effective December 31,
2024.
The Company said it is conducting a search for a new Chief
Investment Officer to succeed Clint Malin, who will retain that
function until a successor is named.
Executive Chairman: Wendy Simpson, 75, has been LTC’s
Chief Executive Officer since 2007, after joining the Company in
2000. Throughout her tenure with the Company, Simpson served as
Vice Chairman, President, Chief Operating Officer, Chief Financial
Officer and Treasurer. Prior to joining LTC, she held executive
positions in public companies that owned acute and long-term acute
care hospitals, psychiatric hospitals and home health services.
Co-Chief Executive Officer: Pam Kessler, 58, has been
LTC’s Co-President since 2020, and also served as Chief Financial
Officer since 2007. She joined the Company in 2000 as Controller.
Before that, Kessler was the Corporate Controller for a privately
held commercial and multifamily real estate developer. She also was
the Director of Financial Reporting for Irvine Apartment
Communities, an apartment REIT. Additionally, Kessler served as
Assistant Controller of the Inland Empire division of KB Home, a
publicly traded homebuilder. Kessler retains her role as
Co-President.
Co-Chief Executive Officer: Clint Malin, 52, has been
LTC’s Co-President since 2020, and has served as Chief Investment
Officer since 2004 when he joined the Company. Prior to that, Malin
was the Vice President of Corporate Real Estate for Sun Healthcare
Group, Inc. (now Genesis HealthCare). Malin retains his role as
Co-President.
Chief Financial Officer: Cece Chikhale, 48, has been
LTC’s Chief Accounting Officer since 2020 and has been Controller
and Treasurer since 2007. She joined the Company in 2002 as an
Accounting Manager and also was Assistant Controller and Assistant
Treasurer. Chikhale retains her roles as Principal Accounting
Officer and Treasurer.
“It has been my greatest pleasure serving as LTC’s CEO for the
last 17 years, and with the full support of our Board of Directors,
I am excited to continue guiding and mentoring the Company as its
Executive Chairman,” said Simpson. “Pam, Clint and Cece all are
longtime proven executives with LTC, and are assuming expanded
responsibilities in recognition of the significant contributions
they have collectively made to LTC over the last two decades. Their
combined experience will serve us well as LTC enters a new phase of
growth through ongoing investments and the addition of a RIDEA
structure to our business. After working together with this very
talented team for more than 20 years, I believe LTC is in the right
hands to deliver increasing value to all of our stakeholders.”
About LTC Properties
LTC is a real estate investment trust (REIT) investing in
seniors housing and health care properties primarily through
sale-leasebacks, mortgage financing, joint-ventures and structured
finance solutions including preferred equity and mezzanine lending.
LTC’s investment portfolio includes 189 properties in 25 states
with 29 operating partners. Based on its gross real estate
investments, LTC’s investment portfolio is comprised of
approximately 50% seniors housing and 50% skilled nursing
properties. Learn more at www.LTCreit.com.
Forward Looking Statements
This press release includes statements that are not purely
historical and are “forward-looking statements” within the meaning
of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended,
including statements regarding the Company’s expectations, beliefs,
intentions or strategies regarding the future. All statements other
than historical facts contained in this press release are forward
looking statements. These forward-looking statements involve a
number of risks and uncertainties. All forward looking statements
included in this press release are based on information available
to the Company on the date hereof, and the Company assumes no
obligation to update such forward looking statements. Although the
Company’s management believes that the assumptions and expectations
reflected in such forward-looking statements are reasonable, no
assurance can be given that such expectations will prove to have
been correct. The actual results achieved by the Company may differ
materially from any forward-looking statements due to the risks and
uncertainties of such statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20241209179942/en/
For more information contact: Mandi Hogan (805) 981-8655
LTC Properties (NYSE:LTC)
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