Toledo, Oh., USA - April 15, 2014, Toledo, Oh., USA - Health Care REIT, Inc., a real estate investment trust, announced that Thomas J. DeRosa, a director of the company, has been appointed chief executive officer.
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Mr. DeRosa will continue to serve as a Director of the company. Mr. DeRosa is former Vice Chairman, Chief Financial Officer, and Director of The Rouse Company, a real estate development and operations company. He previously held various positions at Deutsche Bank and Alex. Brown & Sons, including Global Co-Head of the Health Care Investment Banking Group of Deutsche Bank and Managing Director in the Real Estate Investment Banking Group of Alex. Brown & Sons.
In addition to the HCN Board, he currently serves as a director of Empire State Realty Trust, CBL & Associates Properties, Inc., and Value Retail PLC. Mr. DeRosa is a former director of Dover Corporation a former trustee of Georgetown University and a former member of the Health Advisory Board of the Johns Hopkins Bloomberg School of Public Health.
Mr. DeRosa received a BS from Georgetown University and an MBA from Columbia University. He succeeds George L. Chapman, who has retired from his positions as Chairman of the Board, Chief Executive Officer and President, but will continue to serve as a Senior Advisor to the company.
Jeffrey H. Donahue, who was HCN’s independent Lead Director, has been appointed Chairman of the Board, thereby separating the Chairman and CEO roles.
Mr. Donahue is the former President and CEO of The Enterprise Social Investment Corporation, a U.S. real estate investment services company. Previously, Mr. Donahue was Executive Vice President and Chief Financial Officer at The Rouse Company.
In addition, he was commissioned as a naval officer at the U.S. Naval Officer Candidate School in Newport, Rhode Island and served for two years on the USS Enterprise. In addition to the HCN Board, Mr. Donahue also serves on the boards of Bentall Kennedy, one of North America's largest institutional real estate investment advisors, and The National Development Company, a large multi-faceted real estate development company. ■