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Welltower Announces Addition of Andrew Gundlach to Board of Directors

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Welltower Inc. (NYSE: WELL) has announced the appointment of Andrew Gundlach to its Board of Directors. Gundlach, 53, is the President and Co-CEO of Bleichroeder LP, a registered investment advisor. He brings nearly 30 years of investment experience and expertise in corporate strategy and capital markets. Gundlach has been a board member at First Eagle Investment Management since 2004 and played a key role in spinning off Bleichroeder. His background includes roles at Morgan Stanley and J.P. Morgan.

Kenneth J. Bacon, Chairman of Welltower's Board, highlighted Gundlach's broad skillset and alignment with the company's long-term investment orientation. Gundlach's appointment is expected to complement the Board's capabilities and contribute to Welltower's portfolio expansion and shareholder value enhancement efforts.

Welltower Inc. (NYSE: WELL) ha annunciato la nomina di Andrew Gundlach nel suo Consiglio di Amministrazione. Gundlach, 53 anni, è il Presidente e Co-CEO di Bleichroeder LP, un consulente per gli investimenti registrato. Porta con sé quasi 30 anni di esperienza negli investimenti e competenza nella strategia aziendale e nei mercati dei capitali. Gundlach è membro del consiglio di First Eagle Investment Management dal 2004 e ha svolto un ruolo chiave nello spin-off di Bleichroeder. La sua carriera include esperienze in Morgan Stanley e J.P. Morgan.

Kenneth J. Bacon, Presidente del Consiglio di Welltower, ha sottolineato l'ampia gamma di competenze di Gundlach e la sua affinità con l'orientamento a lungo termine della società sugli investimenti. Si prevede che la nomina di Gundlach completi le capacità del Consiglio e contribuisca all'espansione del portafoglio di Welltower e agli sforzi per aumentare il valore per gli azionisti.

Welltower Inc. (NYSE: WELL) ha anunciado el nombramiento de Andrew Gundlach en su Junta Directiva. Gundlach, de 53 años, es el Presidente y Co-CEO de Bleichroeder LP, un asesor de inversiones registrado. Aporta casi 30 años de experiencia en inversiones y conocimientos en estrategia corporativa y mercados de capitales. Gundlach es miembro del consejo de First Eagle Investment Management desde 2004 y jugó un papel clave en el escisión de Bleichroeder. Su trayectoria incluye roles en Morgan Stanley y J.P. Morgan.

Kenneth J. Bacon, Presidente de la Junta de Welltower, destacó la amplia gama de habilidades de Gundlach y su alineación con la orientación de inversión a largo plazo de la empresa. Se espera que el nombramiento de Gundlach complemente las capacidades de la Junta y contribuya a la expansión de la cartera de Welltower y a los esfuerzos para mejorar el valor para los accionistas.

웰타워 Inc. (NYSE: WELL)는 앤드류 군들라흐를 이사회에 임명했다고 발표했습니다. 53세의 군들라흐는 등록 투자 자문 회사인 블라이히로더 LP의 사장이자 공동 CEO입니다. 그는 30년 가까운 투자 경험과 기업 전략 및 자본 시장에 대한 전문성을 가지고 있습니다. 군들라흐는 2004년부터 퍼스트 이글 투자 관리의 이사회 회원으로 활동하며 블라이히로더의 분리에 중요한 역할을 했습니다. 그의 경력에는 모건 스탠리와 J.P. 모건에서의 역할이 포함됩니다.

웰타워 이사회의 의장인 케네스 J. 베이컨은 군들라흐의 폭넓은 기술 세트와 회사의 장기 투자 방향과의 일치를 강조했습니다. 군들라흐의 임명은 이사회의 역량을 보완하고 웰타워의 포트폴리오 확장 및 주주 가치를 증대시키는 노력을 지원할 것으로 예상됩니다.

Welltower Inc. (NYSE : WELL) a annoncé la nomination de Andrew Gundlach à son Conseil d'Administration. Gundlach, 53 ans, est Président et Co-CEO de Bleichroeder LP, un conseiller en investissements enregistré. Il apporte près de 30 ans d'expérience en investissement et une expertise en stratégie d'entreprise et marchés de capitaux. Gundlach est membre du conseil de First Eagle Investment Management depuis 2004 et a joué un rôle clé dans le démembrement de Bleichroeder. Son parcours inclut des rôles chez Morgan Stanley et J.P. Morgan.

Kenneth J. Bacon, Président du Conseil de Welltower, a souligné l'éventail de compétences de Gundlach et son alignement avec l'orientation d'investissement à long terme de l'entreprise. La nomination de Gundlach devrait compléter les capacités du Conseil et contribuer à l'expansion du portefeuille de Welltower et aux efforts d'amélioration de la valeur pour les actionnaires.

Welltower Inc. (NYSE: WELL) hat die Ernennung von Andrew Gundlach in seinen Vorstand bekannt gegeben. Gundlach, 53 Jahre alt, ist Präsident und Co-CEO von Bleichroeder LP, einem registrierten Anlageberater. Er bringt fast 30 Jahre Erfahrung in der Investition sowie Fachkenntnisse in Unternehmensstrategie und Kapitalmärkten mit. Gundlach ist seit 2004 Vorstandsmitglied bei First Eagle Investment Management und spielte eine Schlüsselrolle beim Spin-off von Bleichroeder. Zu seinem Hintergrund gehören Positionen bei Morgan Stanley und J.P. Morgan.

Kenneth J. Bacon, Vorsitzender von Welltower, hob Gundlachs breite Fähigkeiten und die Übereinstimmung mit der langfristigen Investitionsausrichtung des Unternehmens hervor. Es wird erwartet, dass Gundlachs Ernennung die Fähigkeiten des Vorstands ergänzt und zur Portfolioerweiterung von Welltower sowie zur Steigerung des Aktionärswertes beiträgt.

Positive
  • Addition of a highly experienced investment professional to the Board of Directors
  • New director brings expertise in corporate strategy and capital markets
  • Appointment aligns with company's long-term investment orientation
  • Potential for enhanced strategic financial management and capital allocation
Negative
  • None.

TOLEDO, Ohio, July 29, 2024 /PRNewswire/ -- Welltower Inc. (NYSE: WELL) announced today the appointment of Andrew Gundlach to its Board of Directors. Mr. Gundlach, 53, is the President and Co-CEO of Bleichroeder LP, a registered investment advisor serving ultra-high-net-worth families. He has extensive experience in both public and private markets, with a particular expertise in corporate strategy and capital markets.

Mr. Gundlach has been a key figure at First Eagle Investment Management, where he has served on the board since 2004. Bleichroeder was spun out from First Eagle after funds controlled by Blackstone and Corsair bought majority control in 2015, a transaction initiated by Mr. Gundlach. Earlier in his career, Mr. Gundlach held roles in the corporate finance and M&A departments at Morgan Stanley and J.P. Morgan.

"We are delighted to announce the appointment of Andrew as an Independent Director of the Welltower Board. Andrew's broad skillset, highlighted by his extensive investment background, expertise in strategic financial management, and capital allocation acumen, will complement our Board's already robust capabilities," said Kenneth J. Bacon, Chairman and Independent Director of the Welltower Board. "With almost 30 years of investment experience, Mr. Gundlach's deep understanding of the markets and his strategic vision will be invaluable to Welltower as the company continues to expand its portfolio and seeks to enhance shareholder value. Additionally, Bleichroeder's well respected long-term investment orientation demonstrates Andrew's alignment with a key tenet of the Welltower management team's ethos."

Mr. Gundlach earned a B.S in International Relations and Affairs and an M.S. from Georgetown University's School of Foreign Service and an MBA from Columbia Business School. Mr. Gundlach is a Member of the Council on Foreign Relations, where he serves on the Investment Committee. He also serves as an Adjunct Professor at the Heilbrunn Center for Graham & Dodd Investing at Columbia Business School from 2004 to the present, where he teaches courses on investing. He currently serves as a Member of the Columbia Business School Board as well as a trustee of the Guggenheim Museum.

Forward-Looking Statement

This press release contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. When Welltower uses words such as "may," "will," "intend," "believe," "expect," "project," "estimate" or similar expressions that do not relate solely to historical matters, Welltower is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause Welltower's actual results to differ materially from Welltower's expectations discussed in the forward-looking statements. This may be a result of various factors, including, but not limited to those factors discussed in Welltower's reports filed from time to time with the Securities and Exchange Commission. 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.

About Welltower

Welltower Inc. (NYSE:WELL), a real estate investment trust ("REIT") and S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. Welltower invests with leading seniors housing operators, post-acute providers and health systems to fund the real estate infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience. Welltower owns interests in properties concentrated in major, high-growth markets in the United States, Canada and the United Kingdom, consisting of seniors housing and post-acute communities and outpatient medical properties. More information can be found at www.Welltower.com.

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SOURCE Welltower Inc.

FAQ

Who is Andrew Gundlach and why was he appointed to Welltower's Board of Directors?

Andrew Gundlach is the President and Co-CEO of Bleichroeder LP, with nearly 30 years of investment experience. He was appointed to Welltower's Board for his expertise in corporate strategy, capital markets, and strategic financial management, which are expected to complement the Board's capabilities and contribute to the company's growth and shareholder value enhancement.

How might Andrew Gundlach's appointment impact Welltower's (WELL) future strategy?

Gundlach's appointment is expected to bring fresh perspectives on investment strategies, capital allocation, and corporate finance to Welltower. His extensive experience and alignment with long-term investment principles could influence the company's portfolio expansion and efforts to enhance shareholder value.

What is Andrew Gundlach's background and how does it relate to his new role at Welltower (WELL)?

Gundlach has a strong background in investment management, having served on the board of First Eagle Investment Management since 2004 and holding roles at Morgan Stanley and J.P. Morgan. His experience in both public and private markets, along with his expertise in corporate strategy and capital markets, is highly relevant to Welltower's operations in the real estate investment sector.

When was Andrew Gundlach appointed to Welltower's (WELL) Board of Directors?

Andrew Gundlach's appointment to Welltower's Board of Directors was announced on July 29, 2024, as per the press release.

Welltower Inc.

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